EUAs posted losses on retreating energy complex
The European power spot prices continued to drop yesterday on retreating gas and carbon prices and forecasts of fading power demand and soaring wind production.…
ICE Brent crude prompt future continued to weaken towards 67 $/b mainly due to a rather bearish API data survey, showing that the US crude market continued to be strongly oversupplied, while Texan refineries struggled to ramp up output. Japanese markets showed weakness too, as refining runs struggled to ramp-up despite falling oil products inventories.
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