Euro Markets: EUAs post 5.9% weekly drop after market flatlines on Friday, with focus on MSR reform proposal

European carbon allowance prices ended Friday almost unchanged but recorded a 5.9% weekly increase, after briefly regaining levels last seen at the start of March, as traders continued to adopt a watching brief ahead of next week's European Commission reform proposals that include the Market Stability Reserve, while crude oil rose further amid expectations for an extended conflict in Iran and gas weakened due to forecasts of sufficient supply by the end of the summer.