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Carbon prices rebounded in line with related gas
The European carbon market rebounded on Thursday from the previous sessions’ two-week low, in line with related gas. The EUA Dec’24 contract last traded at €66,04, up 3,6% from Wednesday’s settlement when prices reacted to the negative sentiment triggered by Donald Trump’s reelection.
Last week, speculative traders reduced their bets on falling carbon prices
According to yesterday’s latest Commitment of Traders (CoT) data, investment funds cut their short position last week by almost 13%, from 56,5 million allowances to 49,7 million allowances. Meanwhile, speculators have reduced their long positions as well, from 41,4 million allowances to 39,3 million.
Carbon prices rebounded in line with related gas
The European carbon market rebounded on Thursday from the previous sessions’ two-week low, in line with related gas. The EUA Dec’24 contract last traded at €66,04, up 3,6% from Wednesday’s settlement when prices reacted to the negative sentiment triggered by Donald Trump’s reelection.
Last week, speculative traders reduced their bets on falling carbon prices
According to yesterday’s latest Commitment of Traders (CoT) data, investment funds cut their short position last week by almost 13%, from 56,5 million allowances to 49,7 million allowances. Meanwhile, speculators have reduced their long positions as well, from 41,4 million allowances to 39,3 million.