Nordic forward prices are falling on Monday morning on the back of weaker oil prices, players said.
The Q2 09 contract last traded at EUR 32.30/MWh at Nord Pool, down EUR 1.00 from Friday.
"There is a clear drop in oil prices, with [Brent May 09 contract] now trading at USD 50.50/bbl in comparison to around USD 53/bbl last week. Falling CO2 prices also press Cal 10 on the German market. The two combined make prices move downwards on Nord Pool,” said Tormod Nilsen, trader
Montag, 30.03.2009, 11:11 Uhr
Redaktion
© 2024 Energie & Management GmbH