EMEA > Euro Markets: EUAs post biggest one-day gain in 19 months as early gas spike triggers short-covering

Euro Markets: EUAs post biggest one-day gain in 19 months as early gas spike triggers short-covering

Published 17:22 on April 11, 2024  /  Last updated at 17:22 on April 11, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices jumped by the most in 19 months on Thursday, erasing Wednesday's losses and setting a new three-month high, after an early gas-driven rally was amplified by a surge of short-covering as stop levels were hit, raising the prospect of further gains with short-positioned traders expected to come under greater pressure.
European carbon prices jumped by the most in 19 months on Thursday, erasing Wednesday's losses and setting a new three-month high, after an early gas-driven rally was amplified by a surge of short-covering as stop levels were hit, raising the prospect of further gains with short-positioned traders expected to come under greater pressure.


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