By Eric Onstad
LONDON, Nov 17 (Reuters) - Commodities-related revenue atthe 12 biggest investment banks fell 22 percent in the firstnine months due to weak industrial metals trading and lacklustreinvestor interest, a report by financial industry analytics firmCoalition said.
Revenue from commodity trading, selling derivatives toinvestors and other activities in the sector slid to $3.1billion between January to September from from $4 billion in thesame period in 2015, the report published on Thursday found.
In 2015, the banks' commodities revenue dropped 18 percent,mainly due to slow business in metals and investor products, andalso reflecting a return to more normal turnover in the powerand gas markets after the previous year's surge.
Coalition's report highlighted oil's weakness and poortrading results as well as a "decline in investor productsdespite the anticipation of increased client activity in 2H16."
Oil and base metals prices have been volatile, slumping tomulti-year lows before rebounding. U.S. oil prices crashed below $27 a barrel on Jan. 20 for the first time since2003 but ended the third quarter at $48.
Benchmark copper prices hit a 6-1/2 year low of$4,318 a tonne on Jan. 15 before rising to $4,865 by the end ofSeptember.
Coalition tracks Bank of America Merrill Lynch,Barclays, BNP Paribas, Citigroup,Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley,Societe Generale and UBS. (Editing by Alexander Smith)