Energy commodities: 25/06/2010
Crude down on Eurozone concerns, NMYEX natural gas largely shrugs off inventory build, European carbon hit by equity markets, DEC10 CER-EUA spread widens.
Crude down on Eurozone concerns, NMYEX natural gas largely shrugs off inventory build, European carbon hit by equity markets, DEC10 CER-EUA spread widens.
Oil hit by IEA report, saved from further declines by better than expected US crude inventory data. Natural gas up on storm concerns, Euro coal prices hold steady, Chinese power plant coal inventories on the rise, EUAs see little direction.
Oil falters due to unexpected US inventory build and drop in equities, natural gas down on weather, profit taking. US power plant coal stockpiles fall.
Oil’s gains fall back after traders reassess impact of Yuan on oil demand, Asian coal markets expected to tighten further, EUAs fail to find support at €16/t
Crude makes gains, as China mulls Yuan revaluation, Rio Tinto bullish on Chinese and Indian thermal coal demand prospects, EUAs rise slightly on flat trading.
WTI hit by new US jobless claims, American natural gas climbs on smaller than expected injection into storage, EUAs and CERs buoyed by positive European energy complex.
Unless otherwise stated, all prices are for the close of June 16.
German power: €54.22/MWh, down 1.31 per cent
Coal: €101.50/t, up 1.00 per cent
Natural gas: GB44.65p/therm, down 1.90 per cent
EUAs for December 2010 delivery: €15.57/t, down 1.39 per cent
CERs for December 2010 delivery: €12.99/t, down 0.76 per cent
Brent crude oil futures for front-month 2010 delivery: US$78.05/bbl, …
Oil stays above US$75/bbl, US natural gas continues rally, likely to prompt fuel switching, EUAs rebound on positive energy complex.
NYMEX crude rises above US$75/bbl, Eurozone fears recede, Asian equities rally. Korea Western Power purchases 0.78Mt of Indonesian thermal coal, India drives Richards Bay coal export growth
Crude enjoys gains on Thursday, but falls back on profit taking, natural gas records slight gain despite surprise inventory build and EUAs fall back after the UK’s auction.
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