After a weak opening, the front curve is moving sideways on an unchanged dry weather outlook, while the year contracts are weakening on oil.
"Prices opened down as a continuation of the strong sell off yesterday afternoon. But when drier forecasts came in this morning, the front end of the curve came up again. With dry forecasts and outages at Swedish nuclear plants, there is a risk of high spot prices in November," a Norwegian trader said. Weakening oil pulls down the longer end, despite stronger coal prices, while emissions
Freitag, 31.10.2008, 10:05 Uhr
Redaktion
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