EU Market: Post-election rally short-lived as heavy selling closes another volatile week for EUAs

Published 18:05 on December 13, 2019  /  Last updated at 12:37 on December 16, 2019  /  EMEA, EU ETS  /  No Comments

European carbon soared to a five-week high near €26 early Friday, bolstered by news of a supply cut plus the Conservatives’ big win in the UK general election, which is expected to result in long-awaited clarity on Brexit, but prices recoiled deep into the red amid mounting bearish pressures.

European carbon soared to a five-week high near €26 early Friday, bolstered by news of a supply cut plus the Conservatives’ big win in the UK general election, which is expected to result in long-awaited clarity on Brexit, but prices recoiled deep into the red amid mounting bearish pressures.

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