Global energy markets witnessed mixed trading action today as oil prices stayed elevated while natural gas, gasoline, and heating oil showed sharp volatility. Investors continued tracking inflation concerns, geopolitical tensions, and supply risks across the global commodity market.
Crude oil traded at $102.458 per barrel, rising 0.27% during the session. Brent crude stood at $107.301 per barrel despite a 0.44% decline on the day. Both benchmarks remain sharply higher for the year with gains above 77%.
Meanwhile, gasoline emerged as one of the strongest performing energy commodities with a massive 115.60% year to date surge. Heating oil also remained strong with a 95.88% YTD gain.
Crude oil and Brent prices remain elevated above key levels
Crude oil prices continued holding above the crucial $100 mark as global supply concerns kept energy markets tight. Crude oil gained 7.78% weekly and 12.27% monthly. Brent crude also recorded strong long term momentum despite today’s slight pullback.
Analysts believe geopolitical tensions, refinery pressures, and rising global demand are continuing to support oil prices. Brent crude remains up 77.44% in 2026 and has surged 63.37% compared to last year.
Russian Urals oil also witnessed major volatility. Prices jumped 4.30% during the day and are now up more than 102% year to date.
Gasoline and heating oil post massive triple digit rallies
Gasoline prices continued their explosive rally despite a 1.10% daily decline. The fuel commodity has surged 115.60% since the beginning of the year and is up 72.33% year over year.
Heating oil also slipped 1.10% today but remains one of the strongest gainers in the energy market. Prices are up 95.88% YTD and have climbed 91.51% compared to last year.
Market experts believe higher refining costs and supply disruptions are contributing to the sharp rise in fuel prices globally.
Natural gas and LNG markets stay volatile
Natural gas prices rose 2.02% during the session to trade near $2.90 per MMBtu. However, the commodity still remains down 22.09% year to date and 17.76% lower compared to last year.
European gas markets remained mixed. TTF Gas slipped 0.42% while UK Gas declined 0.57%. German Gas moved slightly higher by 0.64%.
LNG JKM prices stayed relatively stable with a 0.24% daily rise, although the commodity remains down 12.63% monthly despite a strong 76.84% YTD increase.
Coal, uranium and naphtha prices gain momentum
Coal prices climbed 1.26% during the latest session and remain up 23.26% for the year. Coking coal prices also showed gains with an 8.92% YTD rise.
Uranium prices traded near $86 per pound and continue holding steady with a 20.53% yearly gain as demand for nuclear energy stays firm.
Naphtha emerged as another strong performer with a 2.93% daily rise and an 84.05% surge since the beginning of the year. Propane and ethanol also recorded positive moves during the session.
Energy traders are now closely watching inflation data, central bank signals, and geopolitical developments for the next direction in global commodity markets.