Tumbling oil and German power prices are pushing down the year contracts at Nord Pool this morning, while there are only small movements in the front end.
The 2009 year contract was traded down from EUR 59.50 to 58.40 this morning, and was last seen at 58.80, down one euro from yesterday's close. "The years are being pulled down by a sharp fall in oil, in addition to weakening German power prices," said Kjell Idar Saure at Tussa.Market players say a stronger dollar and growing concerns about global energy demand are to blame f
Freitag, 30.05.2008, 11:12 Uhr
Redaktion
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