The Nordic power market experienced a mood change after yesterday's resurge in the oil market, resulting in an upward correction following a three day slide. With a lift across the board, all eyes remain on fuels, and the impact of German power is also making itself felt.
The front quarter peaked at EUR 65.40/MWh, up nearly 3 euros from yesterday's close, last seen at EUR 64.20/MWh. One Norwegian trader identified the key factors as "fuels and geopolitics", with oil running the game, partly as a result of poor liquidity on the coal market."The Nordic market is very much following the German market, where oil has set a new price, also triggering some
Donnerstag, 31.07.2008, 11:06 Uhr
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