Global energy prices moved sharply higher this week as crude oil, natural gas, and fuel markets recorded strong gains across monthly and yearly charts. Crude Oil crossed $104 per barrel while Brent traded above $108, showing how tight supply and strong demand continue to push the energy sector higher.
Several fuel markets also posted major yearly gains. Gasoline prices are now up more than 113% year to date, while Heating Oil has surged 88.60% since the start of the year. European gas markets also remained under pressure with TTF Gas and UK Gas recording double digit weekly and monthly jumps.
Crude Oil price rallies 81.49% YTD as Brent crosses $108
Crude Oil traded at $104.20 per barrel after gaining 3% in a single day. Weekly gains stood at 9.21%, while monthly growth reached 10.05%. The commodity has now surged 81.49% since the start of the year and is up 68.16% compared to last year.
Brent crude also remained strong at $108.15 per barrel. The benchmark rose 2.30% on the day and climbed 77.66% year to date. On a yearly basis, Brent prices are now 65.27% higher.
Urals Oil traded at $96.72 per barrel. Despite a slight daily drop of 0.81%, the commodity still showed a massive 91.75% year to date rise. However, monthly performance remained weak with a 16.91% decline.
The sharp rise in crude prices continues to impact transport and manufacturing costs globally. Investors are closely watching supply conditions and geopolitical tensions as oil markets remain volatile.
Natural Gas and TTF Gas prices surge across Europe
Natural Gas prices climbed to $2.95 per MMBtu after gaining 2.20% during the session. Weekly growth reached 7.09%, while monthly gains stood at 11.55%. Despite the recent rise, Natural Gas is still down 19.90% year to date and 11.44% compared to last year.
European gas markets showed much stronger momentum. TTF Gas rose 3.32% in one day to reach EUR 49.24 per MWh. Weekly gains stood at 11.42%, while monthly growth hit 15.94%. The benchmark has now surged 74.65% year to date.
UK Gas prices also moved sharply higher. Prices climbed 3.74% daily and jumped 63.90% since the beginning of the year. Yearly gains now stand at 44.88%.
German Gas traded at EUR 48.20 per MWh and recorded a 60.65% year to date increase. The strong rise in European gas prices highlights ongoing pressure on energy supply chains across the region.
Gasoline jumps 113.14% YTD while Heating Oil nears 89% gain
Gasoline prices reached $3.64 per gallon after gaining 1.13% during the day. Monthly gains stood at 15.26%, while year to date growth surged to 113.14%. Compared to last year, Gasoline prices are now 70.50% higher.
Heating Oil traded near $4 per gallon after rising 2.35% on the day. The commodity has gained 88.60% since the start of the year and 87.02% over the past 12 months.
Coal prices moved in the opposite direction. Coal traded at $130.40 per ton after falling 0.57% daily and 2.50% monthly. Still, Coal remains up 21.30% year to date.
Elsewhere in the energy market, LNG JKM traded at $17.07 per MMBtu and showed a strong 77.67% yearly gain. Uranium prices stood at $86.15 per pound with yearly growth of 20.32%, while Methanol prices in China were up 39.73% year to date.
The latest data shows energy markets remain highly active as investors continue tracking inflation pressures, industrial demand, and global supply risks.