Nordic power prices are tracking softer oil prices on Tuesday, and one player said we could be in for a large downward correction.
"The optimism in the financial markets, which has the been the main reason for the recent rise in oil prices, is not as strong anymore and we could be in for a downward correction that would obviously also affect energy prices,” said Anders Engkvist, trader at Swedish utility Östkraft.
The Q3 09 Nordic power contract was trading at EUR 36.10/MWh at the time of writing, dow
Dienstag, 26.05.2009, 10:37 Uhr
Andreas Kögler
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