Energy commodity prices traded mixed on Tuesday, January 20, with crude oil benchmarks slipping, while natural gas prices continued to show strong gains across short-term periods.
Brent crude was trading at 63.80, down 0.59% on the day. Over the past week, Brent has declined 2.54%, while it remains higher by 6.12% over one month and 4.88% over three months. However, the benchmark is lower by 4.42% over six months and 12.54% over the past year.
WTI crude oil slipped 0.47% to 59.17. The contract is down 2.82% on a weekly basis, but has gained 4.95% over one month and 3.46% over three months. WTI remains under pressure over longer periods, falling 6.64% in six months and 11.63% year-on-year.
Among refined products, gasoil declined 0.65% to 653.00, though it is up 7.27% over one month and 5.88% over three months, while remaining marginally higher by 0.62% over six months.
Heating oil eased 0.41% to 2.2441, but posted gains of 6.95% over one month and 5.34% over three months.
Gasoline RBOB fell 0.64% to 1.7753, and is down 2.64% over the past week and 5.25% over six months.
In contrast, UK natural gas emerged as the top gainer in the energy segment, rising 4.42% to 95.880. The contract has surged 18.08% over the past week, 31.02% over one month, and 14.87% over three months, while remaining slightly higher by 0.61% over six months.
EU carbon allowance prices declined 1.26% to 85.17, with limited longer-term performance data available.
Overall, energy markets on January 20 reflected weakness in crude oil prices, while natural gas continued to