European 2015 Coal Falls a Second Month as Natural Gas Plunges

European coal for delivery in 2015 fell for a second month as natural gas tumbled after Russia agreed to terms for resuming gas exports to Ukraine.

European next-year coal declined 1.3 percent to $71.55 a metric ton as of 4:55 p.m. in London, .extending the monthly loss to 3.3 percent, according to broker data on Bloomberg. U.K. gas for delivery next summer slid as much as 1.9 percent today and declined 6.2 percent in October, the biggest monthly drop since the contract started trading.