EUA traded sideways, torn between weaker gas and stronger equities
The European power spot prices faded yesterday, pressure by expectations of warmer weather and improved French nuclear availability. Prices dropped by 6.08€/MWh to 51.15€/MWh on…
Brent 1st-nearby prices posted a $4/b gain yesterday. WTI prices did about the same. They respectively ended the day above $64.5/b and $61.2/b, therefore erasing their losses of the previous day. The main reason was the Suez canal still blocked by a giant ship that has deviated from its course for unclear reasons. Then, the release of the weekly EIA report in the US showed a new rise in inventories but normalization in demand from refineries as well, therefore pushing prices higher.
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