bullish
The Commodity Report #65
SUMMARY
- The benchmark, CRB Commodity Index, ended the week -0,5% lower EU CO2 Price to the moon The price of carbon in the EU’s emissions trading system hit a new all-time high on Friday.
- The key reason for the rise was the surge in gas contracts for delivery next year.
- That is making it more likely that increased burning of coal for power generation as an alternative to gas is more than a short-term blip to get the EU through a difficult winter.
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