"All financial markets are weak today. Probably, they are all waiting to see what Opec does with its oil production later today," Olsen said.
He added that he considers the market overpriced, particularly short-term.
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MARKET: Price lift may take time
Prices weakened further in the Nordic financial power market. "When the market starts heading lower in spring time, it usually doesn't turn before well into autumn, " Ishavskraft asset manager Tom Eirik Olsen told europower.com.
