Eon's need for carbon allowances contributed to move the carbon market up yesterday while oil gained more than a dollar on the back of hurricane fears and weak inventories.
The December 2008 carbon contract moved up 25 cents to settle at EUR 19.65/tonne as players were buying back short positions and Eon announced it would need to buy 160 million carbon allowances over the next five years, Point Carbon reports.While one trader said the Eon report was contributing to lift the prices yesterday afternoon another played down the news, arguing that the market ha
Donnerstag, 16.08.2007, 08:07 Uhr
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