EUAs rebounded amid stronger wider energy and financial markets
The power spot prices in north western Europe were mixed yesterday, slightly up in Germany and France but a bit lower in Belgium and the…
ICE Brent prices approached 75 $/b yesterday after the EIA weekly data release showed further scarcity in the US crude market. Later in the day, crude prices pulled back by the more hawkish than expected Fed meeting which anticipated 2 rate hikes in 2023. Physical markets are increasingly reflecting a tightening balance, as Asian and Mediterranean grades are all rallying.
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