Inenco report: UK oil prices lowest since 2004

Inenco's weekly energy report for 15th December talks about the effect the low oil price has on the gas and electricity markets.

Asked what the market drivers have been, Stuart Lea, Inenco's Head of Enegy Trading, says:

"It's all been about oil. This is on the back of OPEC deciding that they'll do nothing about the oversupply of oil into the world market.

"We haven't see prices this low since 2004."

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