Euro Markets: EUAs surge to six-week high settlement amid aggressive buying as energy plunges on Ukraine news

European carbon allowances posted their highest settlement price in more than six weeks on Friday, as the strong buying that emerged on Thursday afternoon continued and drove EUAs to their highest intraday level in seven sessions, touching a key technical resistance level, while energy markets plunged late in the day on news that a US-Russia summit meeting may be nearing a truce agreement in Ukraine.