EU Market: EUAs rise by 5% as Brexit, oil developments trigger short-covering

Published 17:54 on October 11, 2019  /  Last updated at 18:06 on October 25, 2019  /  EMEA, EU ETS  /  No Comments

European carbon prices gapped higher on Friday, hitting a seven-day high near €24.50 as oil jumped on news of an Iranian tanker being attacked near Saudi Arabia and as optimism grew over a potential Brexit deal - both of which are said to have triggered EUA short-covering by speculators.

European carbon prices gapped higher on Friday, hitting a seven-day high near €24.50 as oil jumped on news of an Iranian tanker being attacked near Saudi Arabia and as optimism grew over a potential Brexit deal – both of which are said to have triggered EUA short-covering by speculators.

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