Nordic power forwards are rising across the board on Thursday, on the back of slightly drier and colder weather forecasts and an extremely bullish oil market.
March was last seen trading at EUR 66.00/MWh, up EUR 2.15 day on day, while the bellwether Q2 11 contract was up EUR 1.60 at EUR 56.40/MWh. ”The weather forecasts are slightly colder and drier, but the sentiment in the market is also affected by the strong rise on oil prices - which spills over to coal, gas, emissions and power. It is the sum of these factors that is driving prices up,
Donnerstag, 24.02.2011, 10:35 Uhr
Redaktion
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