The forward curve is moving into pronounced bear territory on Nord Pool, following technical triggers in the commodities market. The only signal upholding the market is coming from weather forecasts, according to players.
A Danish trader attributed the selloff across the board to a significant weakness within the commodities sector, following the failure of the anticipated impact from the tropical storm Gustav to materialise. On the ICE platform, October crude was seen at USD 104.82/bbl, shedding USD 4.59, at the time of writing."[Expected disruptions in oil productions] have now been priced out, and ther
Dienstag, 2.09.2008, 11:04 Uhr
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