Nordic forwards are rising on the back of higher crude and CO2 prices on Thursday morning, while range trading is reflecting uncertainty and the lack of a clear trend, traders said.
The benchmark Q3 09 contract was last seen at EUR 34.55/MWh, up EUR 0.70 on the previous close, while the front year had jumped EUR 0.95 to EUR 37.75/MWh.
"The morning's rise is almost 100% explained by fuels, with oil as the main factor. Weather input is more or less unchanged,” a Norwegian trader commented.
Brent crude had gained USD 0.44 at USD 5
Donnerstag, 30.04.2009, 11:21 Uhr
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