European Thermal Coal for Next Year Drops as Crude Oil Declines

European coal for 2014 delivery dropped as crude oil prices declined.

Thermal coal for delivery to Amsterdam, Rotterdam or Antwerp lost as much as 0.3 percent to $98.70 a metric ton and traded at $98.85 at 4 p.m. London time, according to broker data compiled by Bloomberg. The contract has lost 17 percent in the past 12 months. Brent crude for April settlement dropped as much as 0.7% to $116.55 a barrel on the London-based 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: Julia Mengewein in Frankfurt at jmengewein@bloomberg.net

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

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