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Officially called the European Union Allowance, the EUA is a tradable unit, launched according to the European Union Emissions Trading scheme. The holder of this unit is granted the right to release one tonne of carbon dioxide, or the same amount of equivalent gases, including perfluorocarbons (PFCs) and nitrous oxide (N2O). The EUA units are auctioned to the EU ETC members and are traded through the carbon market. The companies within the scheme that emit more carbon must purchase extra EUAs, while the companies reducing their carbon emissions are entitled to sell their extra EUAs. Learn more about carbon emissions (EUA) trading with Capital.com
Settlement is determined by the official settlement price of the ICE Carbon Emissions future on the expiry date shown, adjusted for spread.
After a heavy week in commodities prices seem to have stabilised on Monday with gold, silver and copper all attempting to bottom out and push higher after continued selloffs.
Crude oil prices extend their losses on Thursday. US crude (WTI) has pulled back to $78.50 per
barrel, ending the bullish attempt to regain the $80 handle after bouncing from $76 earlier this
week.
With OPEC's Oil Market Report set for release on Tuesday and the International Energy Agency's Oil Market Report on Wednesday, volatility looms over crude prices this week. Let's delve into the technical landscape of Brent Crude, the international oil benchmark, as we approach these pivotal reports.
12:54, 13 May 2024
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