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Reuters reported that euro physical prompt coal prices remained unchanged as oil prices rose to a near three-month high, despite coal’s tendency to lag the changes in oil prices.
Reuters reported that euro physical prompt coal prices remained unchanged as oil prices rose to a near three-month high, despite coal’s tendency to lag the changes in oil prices.
As quoted in the report:
Oil rose to almost $113 a barrel on Tuesday, underpinned by expectations of further U.S. and Chinese economic stimulus and worries over North Sea supply constraints, but coal did not react.
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