Flat Oil Price Causes Euro Coal Price to Fall

Reuters reported that prompt physical coal prices dropped on Middle East tensions.

As quoted in the market news:

Calendar API2 and API4 swaps were expected to stabilise at current levels of $115 a tonne for API2 Cal 2012 and $111 for API4 2012 swaps, Societe Generale said in its daily technicals research note.

Click here to read the full Reuters report.