The global energy market continued to heat up as crude oil prices stayed above the $104 mark while gasoline prices recorded one of the biggest yearly jumps across the sector. Investors are closely watching fuel markets as supply concerns, seasonal demand, and geopolitical tensions continue to push prices higher across oil, gas, and refining products.
Crude Oil traded at $104.52 per barrel and remained one of the strongest performing energy commodities this year. The commodity is now up 82.21% on a year to date basis and has surged 68.37% over the past year. Brent crude also stayed elevated at $108.70 per barrel with yearly gains of 79.11%.
Gasoline prices showed even stronger momentum. The fuel traded at $3.69 per gallon and has skyrocketed 116.37% since the beginning of the year. On a yearly basis, gasoline prices are up 72.86%. Heating oil also remained strong at $4.08 per gallon with a massive 93.17% rise in 2026 and a yearly jump of 92.37%.
Crude oil and Brent prices stay elevated as fuel demand rises
Oil markets have remained under pressure due to strong summer demand expectations and tight global supply conditions. Crude oil gained nearly 19.68% over the last month alone while Brent climbed 14.15% during the same period.
Russian Urals oil also witnessed major volatility. The benchmark traded at $101 per barrel after rising 100.24% on a year to date basis. The yearly increase stood at 73.66%, showing how global supply disruptions are still impacting oil trade flows.
Naphtha prices also jumped sharply to $897.15 per tonne. The commodity is now up 83.70% this year despite seeing a small monthly decline. LNG JKM prices reached $17.11 per MMBtu and posted yearly gains of 78.08%.
Natural gas and European gas markets show mixed movement
Natural gas prices traded at $3 per MMBtu after gaining 11.47% over the past month. However, the commodity is still down 18.68% on a year to date basis, making it one of the weaker performers in the broader energy sector.
European gas markets remained volatile. TTF Gas traded at 49.06 euros per megawatt hour and recorded yearly gains of 73.94%. German Gas prices rose even faster with an 68.85% yearly increase and an 11.93% weekly jump.
UK Gas prices also stayed firm at 120.37 pence per therm despite falling 2.65% during the day. The benchmark is still up 62.75% this year.
Coal prices traded at $131.70 per tonne with yearly gains of 22.51%. Coking coal remained near $239.50 per tonne and climbed 9.61% in 2026 so far.
Gasoline and heating oil dominate energy market gains
Refined fuel products continued to outperform most raw energy commodities. Heating oil prices surged nearly 15.73% over the past month while gasoline gained 18.77% during the same period.
Propane traded at $0.88 per gallon and is now up 38.02% this year. Ethanol prices stayed relatively stable at $1.92 per gallon but still recorded yearly gains of 21.26%.
Methanol prices in China reached 3070 yuan per tonne with yearly growth of 40.18%. Uranium prices also remained strong near $85.95 per pound with yearly gains of 5.27%.
The latest energy market data shows that fuel and oil related commodities continue to dominate global commodity gains in 2026. Analysts believe energy prices may remain volatile in the coming months as traders monitor supply risks, inflation pressures, and global economic growth trends.