Nord Pool forward prices are gaining across the board on Wednesday morning on the back of higher oil prices, with weather forecasts becoming unimportant for the time being, traders said.
The Q2-09 contract last changed hands at EUR 36.90/MWh, up 90 cents on the previous settlement, while the front year had strengthened 50 cents at EUR 38.00/MWh.
"Personally I think Nord Pool price movements have been greatly exaggerated during the last six months, with the market reacting strongly to small signals from oil. It's a great example of herd mentality and mass ps
Mittwoch, 14.01.2009, 10:37 Uhr
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