Energy Market remains volitile
As we progress further into 2010 the energy markets look set to increase further. During the height of the recession the markets were unable to break below £36 to £38/MWh. As manufacturing starts to pick up and energy usage increases the markets have seen some sharp increases. The financial position in the US was down by 2% in previous months, the first decline since September, however crude bouned back as consumer sentiment in early June was the strongest seen in 2 1/2 years. The International Energy Agency have revised their 2010 oil forecasts putting consumption higher than previous adding to the bulish sentiment. Taking advantage of the energy markets now would appear to be a strategic benefit to avoid the risk of further upward movements







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