Oil prices fall 8% in euro terms last month, Bord Gáis energy index finds

OIL prices fell by 8% last month in euro terms, according to the newly launched Bord Gáis energy index.

The measure of global price movements of oil, gas, coal and electricity is the first of its kind in the Irish market.

The fall in oil prices is due to continued unease over the sovereign credit problems in Europe and uncertainty around changes to financial regulations in the US, according to the index.