The cash market overall averaged 9 cents higher Friday as eastern portions of the country were still in the crosshairs of a major storm that traversed the country earlier in the week. The advance was broad and led by New England locations, and the isolated points that did show losses endured setbacks of a couple of pennies or less. January futures fell 1.1 cents to $3.451, and February gave up 1.3 cents to $3.482. February crude oil shed $1.47 to $88.66/bbl.
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California Holds Cap-Trade Auction Despite Lawsuit
With natural gas-fired power generation plants and refineries both in the crosshairs of state regulators, California held its first auction for carbon emissions trading on Thursday, despite the state’s major business association filing a lawsuit to block the auction a day earlier.
November 16, 2012