EU carbon rebounds on oil after hitting 1-month low
LONDON (Reuters) - European carbon prices rebounded on Thursday, boosted by firmer oil prices, but lower gas and German power prices and a weaker euro stifled gains a day after emissions futures hit a 1-month low.
EU Allowances for December delivery were up 18 cents or 1.2 percent at 14.9 euros a tonne at 0800 GMT (4 am. ET).
Certified emissions reductions were up 3 cents at 12.37 euros a tonne, setting the EUA-CER spread at 2.53 euros.