The curve and market fell on the back of better supply on the prompt (though it is still not perfect) and the oil market which dropped $2 on traders taking profits. The market seems to be stalling in tersm of pushing higher but some of this may well be a pause before the more senior traders return from the half term holiday week.

Gordon Browns attempt to woo the oil industry yesterday was only an attempt but it was interesting to note that he was beginning to encourgae nuclear growth with a much more active slant. In the past the government has encouraged private industry to build nuclear but with decomissioning costs being so expensive no private firm will get financial support. Whilst not fleshing out the detail the government looked to be trying to address these issues.