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BTU - Why Peabody Energy Stock Is Soaring This Week
Peabody Energy Corporation
Shares of Peabody Energy (NYSE: BTU) are soaring 23.9% this week from where they closed last Friday, according to data from S&P Global Market Intelligence , as the war in Ukraine caused sanctions to be imposed on Russia, leading oil prices to run even higher.
While Peabody is a coal producer, higher oil prices are causing global governments to look for potential alternative sources of energy , and coal is a leading source.