Oil prices had their biggest one-day gain in months yesterday as the dollar lost strength against the euro. Coal prices on the other hand, dropped, while the afternoon oil price rally was said to help CO2 prices recover at the end of the day.
Following a weak opening, the price of oil came up heavily in later trade. The fuel was once again seen as an attractive hedge against currency markets as the dollar fell against the euro when European Central Bank president Jean-Claude Trichet said the bank may raise rates next month.At the ICE, the front month Brent gained USD 5.44/barrel, settling at USD 127.54/barrel after having tra
Freitag, 6.06.2008, 08:13 Uhr
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