Both oil and coal fell strongly yesterday, sending bearish signals to Europe's power markets.
Brent crude for September closed at USD 117.70/barrel on the ICE, down 2.98 day on day. The corresponding WTI contract at Nymex dropped 2.24 dollar to settle at USD 119.17. It is down a further three quarters of a dollar this morning.Signs of lower global demand where once again said to be the main price driver, but there were also reports that a strong selling of put options might
Mittwoch, 6.08.2008, 08:01 Uhr
Redaktion
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