Following a week in which the Nordic energy market made significant upward and downward adjustments, the majority of the most traded contracts ended at levels relatively close to last week’s levels this Monday. The low trading activity means that the price fluctuations are based on very few transactions, and it appears that the relatively major daily fluctuations have been slightly exaggerated. The Q4-18 contract ended at EUR 49.50/MWh on Monday, EUR 0.40/MWh lower than last week. The YR-19 contract ended with a fall of EUR 0.45/MWh, closing at EUR 37.40/MWh on Monday.
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Even though the US-China trade war has limited the upside, the oil price continues to rise. We are now just marginally below the year high level.