Euro Markets: EUAs post 8.7% weekly loss, hit new 31-month low as outlook remains bearish

EU carbon prices settled down 8.7% from the previous Friday, their largest five-day loss in six weeks and setting yet another 31-month low, as selling pressure in both carbon and natural gas continued to steadily weigh on the markets amid little sign of any let-up in the decline, while a bank analyst lowered their end-of-year price forecast.