EMEA > Euro Markets: EUAs post biggest weekly gain in six months amid short covering as front-month gas spikes

Euro Markets: EUAs post biggest weekly gain in six months amid short covering as front-month gas spikes

Published 17:15 on June 9, 2023  /  Last updated at 19:27 on June 9, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices rose for a third day on Friday to reach their highest in nearly three weeks, breaking through a slew of technical targets as traders covered short bets on carbon and gas, triggered by a relatively strong auction and a nearly 24% intraday gain in prompt gas prices.
European carbon prices rose for a third day on Friday to reach their highest in nearly three weeks, breaking through a slew of technical targets as traders covered short bets on carbon and gas, triggered by a relatively strong auction and a nearly 24% intraday gain in prompt gas prices.


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