EUAs rose to their highest in more than three months on Monday as traders continued to position ahead of Wednesday’s options contract expiry, and watched for signals on the EU’s intentions on funding the energy transition ahead of talks on the REPowerEU initiative, while energy prices weakened as gas reserves appeared ample despite the cold snap.
Euro Markets: EUAs climb to 3.5-month high as traders await trilogue outcomes and position for options expiry
EUAs rose to their highest in more than three months on Monday as traders continued to position ahead of Wednesday's options contract expiry, and watched for signals on the EU's intentions on funding the energy transition ahead of talks on the REPowerEU initiative, while energy prices weakened as gas reserves appeared ample despite the cold snap.
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