Benchmark EU carbon price rises to highest in more than three months

LONDON: The benchmark European Union carbon price on Tuesday rose to its highest level in more than three months on hopes that Britain will stay in the EU's Emissions Trading System for longer if it obtains a Brexit extension, traders said.

* The price touched 25.49 euros ($28.74) a tonne in late afternoon trade, its highest since Jan. 2, Refinitiv Eikon data shows.

* Refinitiv analysts raised their average price forecast for this year by 1 euro to 23 euros a tonne on Tuesday.