Brent crude oil saw its first month-on-month increases in eight months in February as a number of US oil rigs were taken offline, and prices hovered around the production costs of US shale oil. New commercial crude reserve regulations were introduced in China, which boosted short-term import demand. The gains throughout February sent long-term UK gas and power prices higher.
via Catalyst Business Energy Market Brief March 2015.
Catalyst Business Energy Market Brief March 2015
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