Wet forecasts, weaker oil and a plunging CO2 market were said to be the main bear drivers in the Nordic market Friday morning.
Some of the 10-day weather forecasting models were very wet, with the EC ensemble predicting more than 11 TWh of precipitation over the next 10 days, almost twice as much as normal."The wet forecasts clearly had an effect on the front this morning," said André Hellström, trader at Östkraft in Sweden. Q4-08 was last seen at EUR 62.45/MWh, down 1.55 day on day.However, Storm questio
Freitag, 1.08.2008, 10:50 Uhr
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