Forward prices are easing off after a firm start, in line with movements in the oil market. In the front end, players are uncertain of how the cold snap will affect spot prices.
The front quarter rose to EUR 49.20/MWh in early trade, before falling to EUR 47.40, down 78 cents from Tuesday's settlement. One analyst said the strong opening was probably a reaction to Tuesday's fall. "All signals from thermal markets point downwards." Brent oil for January dropped below USD 51/barrel on Wednesday morning, and is close to an important technical level
Mittwoch, 19.11.2008, 11:10 Uhr
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