The global energy market is showing mixed signals right now. Some prices are falling in the short term. But the bigger picture tells a very different story. Most energy commodities are still sitting on strong yearly gains. A few are even crossing 100% growth.
Crude oil price today shows 66.29% YTD growth despite daily dip
Crude oil is trading at 95.114 USD per barrel. It fell by 0.77% in a single day. But zoom out and the trend is strong. Prices are up 15.61% in a week. They gained 5.72% in a month. The biggest number comes from the yearly data. Crude oil is up 66.29% year to date. On a yearly basis it has climbed 51.51%.
Brent oil is slightly higher at 104.868 USD per barrel. It also dipped 0.19% in a day. Still it has gained 16.61% in a week and 73.20% this year. The yearly jump stands at 60.17%. Urals oil is even more aggressive. It surged 3.28% in a day and is up 113.10% YTD. That is one of the highest gains in the entire list.
Gasoline and heating oil surge over 80% YoY as fuel costs stay high
Gasoline is at 3.4210 USD per gallon. It dropped 1.19% today. But the growth numbers are massive. It is up 14.21% weekly and 13.92% monthly. The biggest jump is 100.58% year to date. On a yearly basis it is up 61.84%.
Heating oil is also strong. It trades at 3.9722 USD per gallon. It slipped 0.40% in a day. Still it gained 17.25% in a week. The yearly growth stands at 87.76% YTD and 83.79% YoY. These numbers clearly show how fuel costs are still elevated.
Coal is priced at 129.10 USD per ton. It dropped 2.79% in a day and is down weekly and monthly. But even coal is up 20.09% this year and 36.25% compared to last year.
Natural gas falls 31.18% YTD while LNG and global gas markets stay volatile
Natural gas is one of the few laggards. It is priced at 2.5377 USD per MMBtu. It dropped 2.92% in a day. The trend is negative across the board. It is down 5.13% weekly and 12.89% monthly. The biggest fall is 31.18% year to date. Yearly decline is 18.54%.
But not all gas markets are weak. LNG JKM is at 16.39 USD per MMBtu. It gained 1.64% in a day and is up 70.64% YTD. European gas markets are mixed. TTF gas stands at 44.28 EUR per MWh with 57.59% YTD growth. UK gas is at 110.3307 GBp per therm with 49.77% yearly growth. German gas also gained 51.95% this year.
Other energy commodities show smaller but steady moves. Naphtha is up 90.49% YTD. Methanol gained 42.10%. Uranium is rising slowly with 31.75% yearly growth. Propane and ethanol show limited movement compared to others.
Overall the energy market is not slowing down. Daily dips are visible. But the long term numbers remain strong. The biggest story is clear. Energy prices are still high and the yearly gains are hard to ignore.