Sustained wet forecasts and sliding oil prices were said to be the main reasons for a rather heavy sell-off in the Nordic power curve this morning.
The front quarter Q3-08 contract fell to a low of EUR 50.40/MWh (-2.02) while Year 09 was down at EUR 63.10/MWh (-1.95)."When the market closed yesterday oil was trading at USD 136, but when we came back this morning the price had fallen to USD 132. I think many players reacted to that. As long as players focus on the oil price it becomes a self-fulfilling prophecy," said power trader Ni
Freitag, 20.06.2008, 11:28 Uhr
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