CA - Down 70% Coal Market Looking Attractive Amidst The Rally In Oil Prices

2024-02-13 05:19:28 ET

Summary

• Crude oil prices have surged by approximately 15% over the past eight weeks, indicating a potential shift in sentiment among market participants.
• The coal market could be a big beneficiary if the rally in crude oil continues, as coal prices are highly sensitive to prevailing economic conditions.
• India's growing economy and increased coal demand, along with a potential rebound in China's economy, could drive growth in the global coal market in 2024.

By Andrew Prochnow

Since hitting a low point in mid-December, crude oil prices have surged by approximately 15% over the past eight weeks, reaching a recent peak of around $78 per barrel....

For further details see: