LONDON, April 26 (Reuters) - European carbon prices rose 2.7 percent on Thursday, buoyed mostly by a rise in oil prices and a firm energy complex after the U.S. Federal Reserve expressed a commitment to low interest rates. Benchmark European Union carbon permits called EU Allowances (EUAs) closed the session at 7.34 euros ($9.71) a tonne , a gain of 19 cents. Traded volume in the front-year contract was just over 13.5 million at the time of writing. "Carbon is up because of gas and oil," said one trader a financial institution in London. "But it's not a big move and volume is pretty thin."
Thursday, April 26, 2012
EU carbon advances 2.7 pct on firm oil, gas
LONDON, April 26 (Reuters) - European carbon prices rose 2.7 percent on Thursday, buoyed mostly by a rise in oil prices and a firm energy complex after the U.S. Federal Reserve expressed a commitment to low interest rates. Benchmark European Union carbon permits called EU Allowances (EUAs) closed the session at 7.34 euros ($9.71) a tonne , a gain of 19 cents. Traded volume in the front-year contract was just over 13.5 million at the time of writing. "Carbon is up because of gas and oil," said one trader a financial institution in London. "But it's not a big move and volume is pretty thin."
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