OPEC Causes Oil Rally, Coal Price at Highest Level in Almost 3 Years
The coal price extended gains on Monday (31/07) amid the crude oil rally that has been triggered by OPEC agreements. On Monday the price of coal (January 2018 contracts, the most active contract on the Rotterdam commodities exchange) rose 1.08 percent to USD $79.35 per metric ton, the highest level in nearly three years (while in early trading the price had actually tumbled 4.52 percent).