EMEA > Euro Markets: EUAs snap 5-day losing streak amid short squeeze while fund manager sees further weakness

Euro Markets: EUAs snap 5-day losing streak amid short squeeze while fund manager sees further weakness

Published 17:17 on February 14, 2024  /  Last updated at 17:31 on February 14, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices snapped a five-day losing streak on Wednesday, rising on the back of rallies triggered by weekly position data that showed speculative participants had increased their net short position to a new record, even as a well-known fund manager said prices could fall as much as 35% below current levels.
European carbon prices snapped a five-day losing streak on Wednesday, rising on the back of rallies triggered by weekly position data that showed speculative participants had increased their net short position to a new record, even as a well-known fund manager said prices could fall as much as 35% below current levels.


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