Euro Coal Unchanged Despite Oil’s Rise

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.

Click here to read the full Reuters report.