Nordic forward prices are falling on Wednesday morning on the back of a weaker oil price and wet forecasts, players said.
The Q4 11 contract last traded at EUR 51.90/MWh at Nasdaq OMX, down EUR 0.15 from Tuesday, while the 2012 contract last changed hands at EUR 48.05/MWh, down EUR 0.30. "We had an expectation of a further price gain Wednesday morning since the first weather forecasts were drier, but the latest weather forecasts are wetter. Together with a lower oil price than when the Nordic market closed yesterday,
Mittwoch, 6.07.2011, 10:44 Uhr
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