European 2013 Coal Rises to Highest in Two Weeks as Crude Gains

European coal for next-year delivery rose to the highest price in two weeks as crude oil advanced.

Thermal coal for delivery next year to Amsterdam, Rotterdam or Antwerp added 0.8 percent to $94.75 a metric ton as of 1:15 p.m. in London, according to broker data compiled by Bloomberg. That’s the highest level since Oct. 23.

Brent crude for December settlement gained as much as 1 percent to $108.75 a barrel on the ICE Futures Europe exchange.

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

To contact the reporter on this story: Marek Strzelecki in Warsaw mstrzelecki1@bloomberg.net

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

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