For the second consecutive day, shares of Thermal Coal stocks are gaining as investors reprice demand for coal as a heating sources due to rising prices of oil and natural gas in response to the widening conflict in the Middle East. Shares of Peabody Energy (BTU) are up 4.2%, Core Natural Resources (CNR) are up 5.7%, and Alliance Resource Partners (ARLP) are up 1.0%.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BTU:
- Peabody Highlights Strategy and Market Outlook at BMO Conference
- EPA intends to loosen restrictions on coal-burning plants, NY Times says
- Midday Fly By: Cisco reports Q2 beat, Trump orders Pentagon to buy coal
- Applied Materials to pay over $252M in Department of Commerce settlement
- Trump orders Pentagon to buy power from coal plants