Euro Markets: EUAs post 2.5% weekly loss, hit 5-month low as market trades in narrowest range since April 2021

European carbon prices posted a weekly 2.5% loss and set a new 5-month low on Friday despite trading in their narrowest five-day range since April 2021, reflecting a lack of momentum or conviction in either direction as traders took to the sidelines ahead of the weekend, while energy markets were little changed as fundamentals remained broadly unchanged.