European Coal for 2013 Gains Most in Three Weeks as Oil Advances
European coal rose the most in almost three weeks as crude advanced on the conflict in Syria.
Thermal coal for delivery next year to Amsterdam, Rotterdam or Antwerp added as much as 0.8 percent to $96.90 a metric ton, the biggest gain since Sept. 14, according to broker data compiled by Bloomberg. The contract was at $96.85 at 2:05 p.m. London time.
Brent oil for November settlement on the ICE Futures Europe exchange in London added as much as $1.96, or 1.8 percent, to $110.13 a barrel as tensions between Syria and Turkey fanned concern that exports from the Middle East may be reduced.
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.
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