CERs demand high despite oil price slump
9 Jul 2008
The carbon price had a large correction on the back of a slumping oil price today, reports OM Financial.
However, the demand for CERs over European credits (EUAs) continued with the gap between the 2008 EUA price and the 2008 CER price narrowing further to €4.20 from €4.45 yesterday and €7.33 one week ago.
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