Bord Gáis Energy Index rose 1% in October; Up 21% in 12 months
Nov 7th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The continued volatility in the commodity markets was reflected in a 1% increase in the Bord Gáis Energy Index (BGEI) for October. While the index recorded a 3% increase in the price of oil for the month, the gains in oil prices were offset by falls in both coal and electricity prices. The lingering threat of a second global recession was the major influence on the movements in October’s index. The index, which now stands at 136, rose 21% in the 12 months to October 2010.