Euro Markets: EUAs hit seven month high with price up over 4% for the week, UKAs post 5% weekly gain

EU carbon allowances hit a seven-month high on Friday after the bulls took control and drove the market through a number of key resistance levels, pushing the benchmark price beyond €79.00 where it ended the day 2.2% higher, the third consecutive daily gain for EUAs which finished the week up 4.2%.