EU Carbon Permits Rise From Two-Month Low as SocGen Says Buy
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European Union carbon permits advanced from a two-month low amid optimism that agreement will be reached on temporarily curbing an oversupply and Societe Generale SA recommended buying the contracts.
December carbon rose 2.7 percent, or 12 cents, to close at 4.61 euros ($6.18) a metric ton on the ICE Futures Europe exchange in London. The contract earlier dropped to 4.42 euros, matching its lowest since Sept. 4. It fell 51 percent this year.