Global energy markets experienced sharp daily swings today with several key commodities posting strong percent gains. Heating oil led the daily increases, rising 5.03% to 4.21 USD per gallon. Brent crude climbed 4.06% to 106.37 USD per barrel, while US crude gained 3.06% to 93.09 USD per barrel. Gasoline also moved higher, up 2.45% to 3.09 USD per gallon. These gains highlight ongoing volatility in oil and refined products as markets respond to supply concerns and seasonal demand pressures. Year to date, Brent is up 74.44% and US crude has surged 62.04%. On a yearly basis, Brent is up 44.73% and crude has gained 33.07%, reflecting strong upward momentum despite some weekly declines.
Natural Gas Rises Modestly While European Gas Markets Surge
Natural gas in the US posted a modest daily increase of 0.43% to 2.96 USD per MMBtu. Despite the small daily rise, weekly prices fell 6.11% and year to date gas is down 19.35%. European gas markets were far more volatile.
TTF gas jumped 3.66% to 55.01 EUR per MWh, UK gas gained 3.49% to 137.70 GBp/thm, and German gas rose 2.47% to 55.25 EUR per MWh. Monthly gains remain extreme in Europe, with TTF gas up 94.69% and UK gas up 86.71%. These large percent increases show how supply constraints and geopolitical factors continue to push energy prices higher across the continent.
Coal, Methanol, and Other Energy Commodities Show Mixed Daily Moves
Coal prices fell 1.57% to 137.55 USD per ton, while coking coal edged up 0.22% to 223 USD per ton. Methanol led the daily gains among industrial fuels, surging 4.73% to 3,209 CNY per ton. Uranium rose 0.48% to 84.30 USD per pound, showing modest gains. Propane remained nearly flat at 0.79 USD per gallon. Naphtha dipped 0.91% to 842.48 USD per ton, and Urals oil fell 2.71% to 96.31 USD per barrel.
Despite mixed moves, most commodities continue to show strong monthly and yearly gains, especially oil and refined products. Heating oil is up 97.90% year to date, gasoline has jumped 80.61%, and Brent is up 74.44% since the start of the year.
Overall, daily percent changes highlight the extreme volatility in energy markets today. Oil and refined products are leading the gains, while natural gas and European markets remain highly sensitive to global supply pressures. Investors and consumers should watch these movements closely, as even small daily percent changes can have significant financial impacts across industries.