EMEA > Euro Markets: EUAs reach two-month high on extended short squeeze as energy reverses early losses

Euro Markets: EUAs reach two-month high on extended short squeeze as energy reverses early losses

Published 17:19 on June 14, 2023  /  Last updated at 17:30 on June 14, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EUA prices rose to the highest in nearly two months on Wednesday as traders continued to test the strength of short positions after a weekly data release showed a persistent large net short position among investment funds, while gas and power markets reversed course in the middle of the day to post a sixth successive daily gain amid renewed paring of short holdings.
EUA prices rose to the highest in nearly two months on Wednesday as traders continued to test the strength of short positions after a weekly data release showed a persistent large net short position among investment funds, while gas and power markets reversed course in the middle of the day to post a sixth successive daily gain amid renewed paring of short holdings.


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