Prices tumbled Wednesday morning, driven by falling fuels and wet forecasts. However, the market has strengthened from the bottom levels.
Q1-08 has been traded in a EUR 54.60-56.20 range so far this morning, while the year 2008 contract has seen movements from EUR 50.70 to 52.00.Retreating fuel markets have been a main trigger for the downwards correction at Nord Pool and in the German power market. Brent oil for December fell almost three dollars yesterday to USD 87.44/barrel, and fell further this morning, to USD 86.13 a
Mittwoch, 31.10.2007, 11:36 Uhr
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