It is the "same old story” on Friday as the long end of Nordic forwards are experiencing a lift in the wake of strengthening crude oil, while the front is supported by dry forecasts, traders said.
The YR-10 contract was last seen trading at EUR 40.45/MWh, up EUR 0.55 on Thursday's settlement, with the main impetus once again coming from bullish crude oil.
"The long end of the curve is driven by the fuel complex, with CO2 and coal also being lifted. However, the Nordic market is impacted to a lesser extent than Germany,” a continental trader said, adding that on
Freitag, 5.06.2009, 10:36 Uhr
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