The long end of the Nordic power curve is falling on Friday morning due to weaker oil prices and stock markets following Thursday's gloomy economic news from Dubai, players said.
The YR 10 contract was last seen at EUR 34/MWh, down 35 cents day on day, while YR 11 was down 55 cents at EUR 37.30/MWh.
"I think the main reason for the fall is that [stock market] turbulence has caused players to sell commodities and buy the dollar,” said a Danish trader.
"Weaker oil prices have clearly affected the long end of the curve amid the turb
Freitag, 27.11.2009, 10:44 Uhr
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