Energy markets are showing mixed signals today. Prices are mostly stable in the short term. But the bigger picture shows strong yearly growth in many fuels and sharp monthly pressure in gas.
Crude oil is trading at 87.42 USD per barrel. There is almost no change today. Weekly loss stands at 4.48%. Monthly decline is 1.07%. Still, crude oil is up 51.85% this year and 36.94% yearly.
Brent crude is at 95.23 USD per barrel. It slipped 0.26% today. Weekly growth is slightly positive at 0.24%. It has gained 56.15% this year and 40.89% yearly.
Gasoline and heating oil rise 83.06% and 67.98% YTD with steady demand
Gasoline is priced at 3.13 USD per gallon. It gained 0.65% today. Weekly growth is 3.04%. Monthly increase stands at 5.28%. Gasoline has surged 83.06% this year and 47.95% yearly.
Heating oil is at 3.59 USD per gallon. It rose 1.41% today. Despite a monthly drop of 12.14%, it is up 67.98% this year and 64.42% yearly.
Urals oil is trading at 98.05 USD per barrel. It fell 4.50% today. Weekly loss is heavy at 18.85%. But it still shows strong growth of 94.39% this year and 60.47% yearly.
LNG drops 27.45% monthly while global gas markets stay under pressure
Natural gas is at 2.68 USD per MMBtu. It slipped 0.04% today. Weekly growth is 3.22%. But it is down 27.22% this year and 10.79% yearly.
TTF gas is priced at 41.20 EUR per MWh. It rose 2.26% today. Monthly drop is deep at 27.54%.
UK gas is at 103.16 GBp per therm. It gained 1.83% today. Monthly decline stands at 27.70%.
German gas is at 41.58 EUR per MWh. It rose 2.66% today. But it is down 27.79% monthly.
LNG JKM is priced at 15.24 USD per MMBtu. It gained 1.57% today. Weekly loss is 21.63%. Monthly decline is 27.45%. Still, it has risen 58.62% this year and 26.07% yearly.
Naphtha jumps 83.22% YTD while uranium gains 33.18% and coal holds steady
Naphtha is trading at 894.79 USD per ton. It rose 2.33% today. Monthly growth is 6.22%. It has surged 83.22% this year and 64.03% yearly.
Coal is at 132.60 USD per ton. It gained 0.23% today. It is up 23.35% this year and 39.51% yearly.
Uranium is priced at 86.90 USD per pound. It rose 0.29% today. Monthly growth is 4.07%. It has gained 6.43% this year and 33.18% yearly.
Methanol is at 3072 CNY per ton. It fell 1.60% today. Monthly drop is 7.27%. But it is still up 40.27% this year and 31.56% yearly.
Propane is trading at 0.79 USD per gallon. It gained 0.54% today. It has risen 23.64% this year.
Overall, energy markets are steady in the short term. Oil prices are holding strong. Gas markets are under pressure with sharp monthly declines. Long term growth remains strong across most energy commodities.