Unusually warm weather significantly reduced the winter draw on (natural gas) inventories, leaving the continent very well supplied.
More Quotes from Earl Sweet:
Strong global demand and high prices for key commodities, as well as an increase in business investment and growing international trade, will again be dominant factors driving certain industries ahead of the rest.Earl Sweet
Metal and mineral prices are generally expected to ease in 2006, although solid demand, low inventories and limited production growth should keep them close to previous-year levels.
Earl Sweet
Although the market is also well supplied with crude oil and products, it was roiled by geopolitical events - insurgency in Nigeria's oil-producing region and the potential for sanctions against Iran due to its ramped up nuclear activities. Fears of supply disruptions caused prices to move higher.
Earl Sweet
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