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European carbon rises on firmer equities, oil

LONDON (Reuters) - European carbon emissions futures rose on Thursday, boosted by improved financial markets and a firmer oil price, traders said.

LONDON (Reuters) - European carbon emissions futures rose on Thursday, boosted by improved financial markets and a firmer oil price, traders said.

EU Allowances for December delivery were up 16 cents or 1.05 percent at 15.43 euros ($18.98) a tonne at 0657 GMT, with light volume at 1,507 lots traded.

"There is some stop-lossing at 15.40. The Nikkei is up 3 percent, oil is looking firmer and carbon is following that sentiment," an emissions trader said.

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