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Oil prices have a quiet start to 2017

After finishing 2016 on a high, oil prices were relatively stable in January as investors were waiting to see whether OPEC is complying with its deal to cut output. Elsewhere, a jump in economic activity in China at the end of last year was not enough to stop coal prices from falling back in January. Coal prices over the rest of 2017 are likely to be determined by China’s policy on supply.

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