The trend in the Nordic forward market has been characterised by changing weather forecasts and a volatile fuel market. Nevertheless, at the current time it looks like the temperatures will get closer to normal, and the weather forecasts confirm more precipitation for the coming period. This meant that the Q3-18 contract was traded down substantially on Monday, with some of the loss being regained on Tuesday. The YR-19 contract was also influenced by a lower carbon emissions allowance price and a lower fuel complex. The contract was traded down to its lowest level for more than a month.
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June 18 2018. Monday, the oil price has dropped to the lowest level since April. A trade war between the US and China and an upcoming OPEC summit, are the main factors on the market.
Sopiva riskienhallintastrategia on kannattava sijoitus
The last week has been characterised by high levels of volatility in the market. A change in the weather forecast and a carbon emissions allowance market experiencing pressure, combined with a slightly lower fuel complex, has pushed down the prices.