Energy markets are moving fast. Prices are changing almost every day. The latest data shows a mixed trend. Some fuels are falling in the short term. But many are still strong over longer periods.
Crude oil is now at 98.768 USD per barrel. It fell by 2.58 percent in a day. But it is still up 72.24 percent this year. Brent oil is slightly higher at 100.788 USD per barrel. It dropped 3.06 percent daily. Yet it holds a 65.14 percent yearly gain.
Natural gas looks weak. It is priced at 2.8323 USD per MMBtu. It fell 1.79 percent in a day. It is down 23.40 percent this year. Year on year, it is down 30.37 percent. This shows clear pressure in gas markets.
Crude oil and fuel prices show strong yearly growth above 70 percent
Fuel products are showing strong gains despite daily drops. Gasoline is at 3.0871 USD per gallon. It fell 3.65 percent in a day. But it is up 80.42 percent this year. Heating oil is even stronger. It stands at 4.0351 USD per gallon. It gained nearly 89.56 percent this year.
Coal is priced at 142.45 USD per ton. It dropped slightly by 1.25 percent daily. But it has gained 32.51 percent this year. Coking coal is at 236 USD per ton. It jumped 4.74 percent in a day. Its yearly gain is 8.01 percent.
Urals oil stands out. It is priced at 123.45 USD per barrel. It rose 6.44 percent in a day. It has surged 144.75 percent this year. That is one of the highest increases in the market.
Naphtha spikes 94.60 percent monthly while ethanol and propane rise steadily
Naphtha is showing a massive jump. It is priced at 950.35 USD per ton. It surged 11.39 percent in a day. Monthly growth is 50.02 percent. Yearly growth is 94.60 percent. This makes it one of the top performers.
Ethanol is stable. It is at 2.0050 USD per gallon. It fell slightly by 1.47 percent daily. But it is up 26.30 percent this year. Propane is at 0.81 USD per gallon. It gained 1.76 percent in a day. Monthly growth is 14.45 percent.
Methanol is at 3053 CNY per ton. It dropped 4.47 percent daily. But it still holds a 39.41 percent yearly gain.
Uranium is steady at 84.15 USD per pound. It rose 0.30 percent daily. Yearly growth stands at 3.06 percent.
Gas markets fall up to 7.32 percent daily despite strong yearly gains
European gas markets are under pressure. TTF gas is at 47.87 EUR per MWh. It dropped 5.68 percent in a day. UK gas is at 121.07 GBp per therm. It fell 5.49 percent daily.
German gas saw the biggest drop. It fell 7.32 percent in a day. Price stands at 52.61 EUR per MWh. But yearly growth is still strong at 75.36 percent.
Overall, the energy market shows a clear pattern. Short term weakness is visible in many assets. But long term growth remains strong. Oils and fuels are leading the gains. Gas markets are struggling in comparison.