Energy prices are moving in different directions right now. Some are rising fast. Some are slowing down. The numbers clearly show this split trend across global markets.
Crude oil price drops 2.16% but still up 79.03% YTD
Crude oil is trading at 102.79 USD per barrel. It fell by 2.16% in the last session. But the bigger picture tells a different story. Prices are still up by 79.03% this year. On a yearly basis, crude oil has surged 76.36%.
Brent crude stands higher at 109.85 USD per barrel. It slipped only 0.49% in the day. Weekly gains remain at 4.30%. Year to date growth is strong at 80.54%. This shows that demand is still holding firm despite short term dips.
Urals oil is even stronger in yearly terms. It is priced at 112.05 USD per barrel. It dropped 3.46% in a day. But its yearly gain stands at a massive 122.15%. That is one of the highest jumps in the energy space.
Gasoline surges 111.82% YTD while natural gas falls 23.83%
Gasoline prices are showing sharp strength. It is trading at 3.62 USD per gallon. Daily movement is small at 0.28%. But monthly growth is 10.22%. The real highlight is the yearly rise of 111.82%. That is a huge spike.
Natural gas tells the opposite story. It is priced at 2.80 USD per MMBtu. It gained 1.25% in the day. But year to date it is down by 23.83%. On a yearly basis, it is still negative at 22.66%. This shows weak demand or oversupply pressure.
LNG JKM is at 16.91 USD per MMBtu. It dropped 0.35% daily. Monthly fall is sharp at 16.02%. Still, yearly growth is strong at 76%. The volatility here is very clear.
Heating oil rises 100.92% YoY while coal gains 37.44%
Heating oil is trading at 4.00 USD per gallon. It dropped 1.80% in a day. But yearly growth is massive at 100.92%. That makes it one of the top gainers in energy.
Coal prices are at 134 USD per ton. Daily movement is small at 0.26%. Year to date growth is 24.65%. Yearly gain stands at 37.44%. This shows steady but not extreme growth.
European gas markets are mixed. TTF gas is at 46.06 EUR per MWh. It rose slightly by 0.15%. Yearly gain is 63.55%. UK gas is stable with almost no daily change. It is up 52.78% this year.
Other fuels show moderate trends. Ethanol is up 27.56% this year. Naphtha has surged 91.70%. Methanol is also strong with 46.39% yearly growth.
Overall, the energy market is not moving in one direction. Oil and fuel products are still strong. Gas is weaker. The gap between different energy types is becoming very clear.