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EU carbon prices nudge up on oil, German power

Mon, 06/14/2010 - 5:30pm
Reuters

LONDON (Reuters) - European carbon futures nudged upwards on Monday, supported by firmer crude oil and German power prices, traders said.

EU Allowance futures for delivery in December climbed by 16 cents or one percent to 15.78 euros a tonne by 0700 GMT, on light volume of just over 600 lots traded.

Benchmark CER futures also rose by 12 cents or 0.9 percent to 13.10 euros a tonne, setting the EUA-CER spread at around 2.65 euros.

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