Inprova Energy

Inprova Energy

Monthly Market Update - January 2015

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Source: Inprova Energy

Electricity and gas prices finished the month lower than they had started.

The month started with prices continuing to track the freefall seen on oil markets as global supply continues to outweigh demand. Oil prices fell through the psychological $50 mark, with electricity and gas prices subsequently reaching their lowest levels for 4 years.

However towards the end of the month the market seemed to bottom out and a mini recovery was seen, with prices swinging up and down from day to day. This was in response to a small recovery in oil prices as well as the onset of colder weather which increases demand.

Electricity and gas prices finished the month lower than they had started.

The month started with prices continuing to track the freefall seen on oil markets as global supply continues to outweigh demand. Oil prices fell through the psychological $50 mark, with electricity and gas prices subsequently reaching their lowest levels for 4 years.

However towards the end of the month the market seemed to bottom out and a mini recovery was seen, with prices swinging up and down from day to day. This was in response to a small recovery in oil prices as well as the onset of colder weather which increases demand.

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