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....
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Down 70%, Coal Market Looking Attractive Amidst The Rally In Oil Prices