Carbon nudges higher in early trade

Carbon was edging higher in early trade on Friday after further gains in crude oil.

By 9.00 CET, the 2009 EUA was trading at €15.18, up €0.08 on Thusrday’s close.

The benchmark permit opened at €15.55, but then fell back to a low of €15.06 in a volatile first hour of trade.

July Brent crude oil pushed up to around $60.50/bbl, up around $0.50 on last night’s close.

In the CER market, the 2009 contract was bid at €12.40 and offered at €12.59, after closing at €12.30 yesterday.