Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

EU Carbon Allowances Rise as Oil Trades Near Four-Week High

Don't Miss Out —
Follow us on:

Dec. 27 (Bloomberg) -- European Union carbon permits rose as oil traded near its highest price in four weeks, boosting demand for emission rights.

EU permits for delivery in December next year advanced 1 percent to 7.19 euros ($9.54) a metric ton on the ICE Futures Europe exchange as of 9:17 a.m. London time. Trading resumed today after two days of public holidays in the region.

Brent crude rose 6 cents to $111.13 a barrel, after rising 2.1 percent yesterday to its highest close since Nov. 30. Oil can influence carbon prices because it’s linked to economic output and to cleaner-burning natural gas in Europe.

To contact the reporter on this story: Ewa Krukowska in Warsaw at ekrukowska@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.