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Commodities Briefing - Categorized | Energy, Market Moves more

European energy dealers often trade at a loss to help profits

Posted on 07 November 2012

Dealers on Europe’s energy market commonly trade coal, gas or power at a loss to push up profits on futures prices, industry sources say, a practice that regulators want to stop.
Uneconomic or loss-leading trades are explicitly banned in the United States where British bank Barclays has been accused of using them to rig California’s electricity prices………………………………………..Full Article: Source


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