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Biggest drop on record officials said wouldn't happen.

Eurodollar University

00:00

German Producer Prices Fall 4% Month Over Month

The warm and balmy weather is responsible for the, again, as Germany, much of Europe has been able to build up natural gas supplies. Even industrial use in October was off 39%, in Spain 29%, in France 16%. For the EU 27 countries as a whole, industrial demand for natural gas fell 34%. It's not like a lot of these producers are finding different sources of energy. They're simply cutting back production to save on costs they can't afford.

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