Euro Markets: EUAs end unchanged after early 4-month high as data show funds rebuilding net short position

EU carbon allowance prices snapped a four-day winning streak with a marginal loss on Wednesday despite rising to a new four-month high early in the day, as traders shrugged off further gains in natural gas ahead of the June TTF options expiry, after the Commitment of Traders data showed investment funds increased their bearish bets on carbon for the first time in six weeks.