Stock market tumble does nothing for power market

27 July 2007

Stocks and shares tumble as energy prices remain rangebound. Oil stocks will be worth looking at.

As world stock markets fell on the back of bubbles caused by private equity and the cost of borrowing increasing. The power and gas makets continued to trade within their normal ranges. Spark spread activity increased on the back of a slightly more bullish gas market but it was not sustained and it is assumed that most of the energy traders will be looking at their screens to try and assess the damage sustained on the stock market.

Many of the Southern mediterranean countries have been having some serious heatwaves and this has caused some players speculate that demand will be increasing, with air conditioning load. Interestingly, it has not as it is assumed that many places have been running with their air conditioning on at normal levels for this time of year.


Oil  Weather  Finance 

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