MARKET REPORT: A day of two halves
3 Jun 2008
It's been a day of two halves as carbon weakened early on only to strengthen and close firm on the back of firmer oil prices.
Carbon generally rallies in the face of higher oil as European gas prices follow oil and higher gas means power generators switch to cheaper dirtier coal requiring more allowances to offset the increased emissions, NZ carbon borker OMFinancial says it its market report to trading clients.
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