Top banks' commodities revenue drops 7 percent in 2016: survey

Revenue from commodity trading, selling derivatives to investors and other activities in the sector fell to $4.3 billion in 2016 from $4.6 billion the previous year, it said in a report.

"Underperformance in oil was partially offset by an improvement in U.S. power and gas on the back of structured deal activity. Metals ended the period flat with some improvement in precious metals," it said.

Commodity revenue in the fourth quarter jumped 20-25 percent mainly due to power and gas activity, Coalition said last month in a preliminary report that did not provide full-year figures.

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.

(Reporting by Eric Onstad; Editing by Susan Fenton)