Bloomberg News

European 2013 Coal Gains as Brent Oil Rises to Highest in a Week

August 23, 2012

European coal for delivery next year rose for the third time in four days as Brent crude advanced to the highest price in a week.

Thermal coal for delivery in 2013 to Amsterdam, Rotterdam or Antwerp gained as much as $1.10, or 1.1 percent, to $101.50 a metric ton and was up 0.4 percent at $100.80 as of 1:15 p.m. London time, according to broker data compiled by Bloomberg. Brent crude for next-month settlement increased for a third day on the London-based ICE Futures Europe exchange, rising as much as 1.3 percent to $116.38 a barrel, the most since Aug. 16.

Bloomberg tracks information supplied by ICAP Plc, GFI Group Inc., Spectron Group Ltd., Credit Suisse Group AG, IHS McCloskey, Tradition Financial Services and Tullett Prebon Plc.

To contact the reporter on this story: Rachel Morison in London at rmorison@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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