EUAs and power prices tracked the early gains and following retracement of the gas market
The European power spot prices soared above 200€/MWh for today, lifted by forecasts of stronger power demand following yesterday’s public holiday and a drop in…
Last week’s crude oil price decline was likely caused by a broad selloff in Brent and WTI futures, as total open interest declined significantly. Looking at ICE Brent futures positioning, every category (managed- money, merchant players, swap dealers) reduced their exposure, as volatility was expected to rise, amid an uncertain OPEC+ production policy.