Despite the expected drop in U.S. coal production volumes, high-quality coal producers like Arch Resources (ARCH), Warrior Met Coal (HCC) and Ramaco Resources (METC) are likely to remain competitive with improving export volumes.
Investing.com -- Oil prices settled slightly higher Monday, attempting to steady from the longest drop in five years as investors awaited further catalysts this week as central banks including the Federal Reserve are set to deliver updates on monetary policy.
The Russian rouble strengthened on Monday, soaring past 91 against the dollar to a one-week high, supported by currency controls and high interest rates as the market gears up for Russia's final rate decision of the year this week. The central bank is widely expected to raise borrowing costs again at its meeting on Dec. 15, by 100 basis points to 16%. The market is also likely to pay close attention to a speech by President Vladimir Putin on Thursday.