Friday, July 6, 2007

European Carbon Emission Permits Rise After Oil Rises to a 10-Month High

(Bloomberg) -- European Union carbon dioxide permits
rose after crude oil reached a 10-month high yesterday, boosting
today's natural-gas prices for delivery next year.

Emission permits for delivery in December 2008 added 22
cents, or 1 percent, to 21.70 euros ($29.19) a metric ton,
according to prices from the European Climate Exchange in
Amsterdam. They earlier today traded as high as 21.89 euros.


Read more at Bloomberg Energy News

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