Global energy markets are heating up again. Crude oil prices have climbed to $103.64 per barrel. That marks a huge 79.72% rise on a year to date basis. Brent crude has also surged 80.40% this year and is now trading above $110 per barrel.
The rally is not limited to oil alone. LNG JKM prices have exploded 97.40% YTD to $18.96 per MMBtu. Gasoline prices are also up sharply with a yearly gain of 114.96%, making it one of the strongest performers in the energy space.
The fresh jump in prices comes as traders continue to watch global supply risks, demand recovery, and tighter energy availability across major economies.
Crude oil and Brent prices remain in focus
Crude oil prices stood at $103.645 per barrel despite falling 0.70% during the day. On a monthly basis, prices are still up 18.05%. Compared to last year, crude oil has gained 66.37%.
Brent crude traded even higher at $110.727 per barrel. While it slipped 1.22% intraday, the benchmark remains up 14.97% over the month and 67.90% over the past year.
Urals oil also showed strong momentum. Prices reached $102.47 per barrel with yearly gains of 103.15%. That makes it one of the biggest movers in the oil market this year.
Naphtha prices rose to $916.80 per ton. The commodity has jumped 87.73% YTD and 66.49% on a yearly basis.
LNG and natural gas prices record major gains
Natural gas prices climbed 1.64% during the session to $3.07 per MMBtu. Weekly gains stood at 8.29%. However, natural gas is still down 16.47% for the year so far.
LNG JKM prices continued to dominate the energy market with an 11.89% weekly rise and a massive 97.40% jump YTD. Prices are also up 58.46% compared to last year.
European gas benchmarks also moved higher. TTF gas traded at 50.73 EUR/MWh with yearly gains of 81.97%. German gas prices rose 70.45% this year, while UK gas prices jumped 69.95%.
The strong rally across gas markets highlights continued pressure on global energy supplies.
Gasoline, heating oil and coal prices stay elevated
Gasoline prices reached $3.67 per gallon. Even after a 2.16% daily decline, gasoline remains up 114.96% YTD and 69.44% from last year.
Heating oil traded at $4.09 per gallon. Prices are higher by 90.88% this year and nearly 88% on a yearly basis.
Coal prices also remained firm at $132.50 per ton with yearly gains of 23.26%.
Elsewhere, ethanol prices climbed 25.83% this year while propane gained 37.83%.
Uranium prices stood at $85.25 per pound with a modest yearly increase of 4.41%. Methanol was among the weakest performers, falling more than 7% during the day and remaining down over 8% for the week and month.
Overall, energy markets continue to show strong volatility as traders react to supply concerns and shifting global demand trends.