Stand-alone carbon crawls higher
12 Aug 2008
Carbon edged higher overnight in thin trade, reports OM Financial. The conflict in Georgia has had little impact on the energy complex.
Carbon has disconnected from oil in recent weeks and appears to have found a base around current levels and the December 2008 CER has rallied over €2.00 per tonne in the last two weeks whereas oil has declined almost US$8.00 per barrel.
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