Dollar surges and causes commodities to fall

04 June 2008

The markets are not responding to a fall in oil but it is something which will eventually happen.

The market has now fallen in oil by a further $2 and this has caused the back end of the curve to fall with it. The electricity complex is still remaining quite high on the back of the high prompt prices, and with continuing supply problems being seen. It is fortunate that June is forecast to be a mild month with quite heavy rainfall on some days.

At this stage the number of bearish stories is feeding into the fuel markets but tending not to effect electricity and gas too much this will start to change soon.


Oil  Bear Market  Finance 

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