Energy – mixed to lower as the dollar firms with perceived EU summit failure. A 5.2 earthquake in northern and eastern Japan has the trade concerned as TEPCO prepares to restart two nuclear reactors. The twentieth EU summit held in Brussels has the attention of the markets. Most speculate that nothing will happen. The perceived failure has the dollar and yen trading higher and this is pressuring commodities this morning. Ongoing Norwegian oil workers’ strike has minor impact on European supplies. Hot U.S. weather will increase natural gas and distillate demand for power generation.
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