U.S. Coal Prices Gain in Powder River Basin on Increased Demand
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U.S. coal prices rose in Wyoming’s Powder River Basin, the first advance in four weeks, and were unchanged in other regions as cold weather lifts demand for the fuel to be used by utilities to heat homes and businesses.
The fuel rose 15 cents, or 1.1 percent, to $13.40 a ton in the Powder River Basin, which holds the largest and least expensive reserves of coal in the U.S., an Energy Department report showed today, its first gain since Nov. 12. Coal was unchanged in Central and Northern Appalachia at $71.15 and $69.50 a ton, respectively.