EUAs shed most of Thursday’s losses
The European power spot prices for today were strongly curbed by the continuously strong renewable production with the German wind production expected to remain near…
Brent futures prices recovered as of early Wednesday, at 68.8 $/b as the API survey showed a surprise draw in crude oil stocks, demonstrating a faster rebalancing of the US crude market. Japanese weekly statistics showed a continued recovery in refining runs. Imports were likely up as commercial crude stocks rose by 1 mb. European and Asian middle distillate cracks continued to edge lower, pushing refining margins at concerning levels.
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