Nordic forwards are experiencing yet another oil-driven rise on Thursday morning, although traders uncertain whether the uptrend sustainable.
The benchmark Q3 09 contract was last seen up EUR 0.55 at EUR 36.65/MWh, while the front year was EUR 0.80 higher at EUR 40.05/MWh at the time of writing.
The main price driver was crude oil, according to a Swedish trader, resulting in rising prices in the German power market and consequently at Nord Pool. Meanwhile, drier forecasts for week 20 helped near-term contracts strengthen
Donnerstag, 7.05.2009, 10:56 Uhr
Redaktion
© 2024 Energie & Management GmbH