Prices are moving down on low volumes in the Nordic market on Wednesday. A softer spot and plenty of rain are the main bear arguments, players say, while the reservoir figures published later today could give a better indication of how big the hydrological deficit is.
“The market is quiet due to a number of factors; the World Cup, the uncertainty in the CO2 market and galloping spot prices,” says Frank Evensen at Quality Energy Brokers.Looking out of his office window inBergen, he can see the main bear argument of the day: rain. Lots of precipitation has fallen over Scandinavia the last 24 hours, and the forecasts remain wetter than normal
Mittwoch, 21.06.2006, 11:43 Uhr
Redaktion
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