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Euro Markets: Geopolitics drives gains across energy, EUAs get further push from options hedging « Carbon Pulse
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Euro Markets: Geopolitics drives gains across energy, EUAs get further push from options hedging « Carbon Pulse
European carbon prices surged to their highest in nearly three weeks on Wednesday as markets reacted to Russia's refusal to agree an unconditional ceasefire in Ukraine, and energy prices posted sharp gains as traders priced in a lower probability of pipeline gas supplies resuming in the near term, with EUAs getting additional support from options hedging.
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