Oil, dry weather and strengthening emissions pushed Nordic power prices further up Monday morning, while traders wondered whether the recent bull run had thrust the market into overbought territory.
Q4 continued to strengthen towards levels not seen since early September, reaching as high as EUR 75.85/MWh, and last seen at EUR 75.05/MWh, up EUR 1.05 from Friday's close. The contract has now gained about EUR 10 in less than a week, as has the front year.Anders Porsborg from Nordjysk Elhandel in Denmark said the continued uptrend was prompted by the residual effect of the end to
Montag, 22.09.2008, 10:56 Uhr
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