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EU carbon rebounds from 3-month low, closes up 2 percent

LONDON (Reuters) - European Union carbon permit prices closed up over 2 percent on Friday rising 5 percent from a three-month low hit on Wednesday, but still ending a volatile week, fueled by speculative selling, lower.

LONDON (Reuters) - European Union carbon permit prices closed up over 2 percent on Friday rising 5 percent from a three-month low hit on Wednesday, but still ending a volatile week, fueled by speculative selling, lower.

EU Allowance futures for December delivery closed up 34 cents or 2.4 percent to 14.29 euros a tonne on moderate volume of 8,290 lots traded.

The benchmark contracts had traded as high as 14.39 euros before falling back in the last hour of trade.

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