{"id":119869,"date":"2026-05-07T08:56:37","date_gmt":"2026-05-07T12:56:37","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=119869"},"modified":"2026-05-07T08:56:37","modified_gmt":"2026-05-07T12:56:37","slug":"energy-price-today-may-7-crude-oil-crashes-5-26-while-urals-oil-plunges-12-47","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/energy-price-today-may-7-crude-oil-crashes-5-26-while-urals-oil-plunges-12-47\/119869\/","title":{"rendered":"Energy price today, May 7: Crude oil crashes 5.26% while Urals oil plunges 12.47%"},"content":{"rendered":"
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The global energy market saw sharp swings on Tuesday as crude oil, Brent, natural gas, and fuel products recorded major losses. Traders reacted to weakening demand concerns and pressure across commodity markets. While some fuels stayed strong on a yearly basis, short term losses dominated the session.<\/p>\n

Crude Oil dropped 5.26% in a single day to USD 90.077 per barrel. The commodity is now down 14.27% on a weekly basis and 4.59% lower for the month. Despite the recent correction, crude oil still remains 56.87% higher on a year to date basis and 50.35% above last year\u2019s levels.<\/p>\n

Brent crude also faced heavy pressure. Prices slipped 4.95% to USD 96.261 per barrel. Weekly losses stood at 12.66%. However, Brent still showed strong yearly momentum with a 58.46% YTD gain and a 53.44% yearly rise.<\/p>\n

Crude oil and Brent prices record major weekly losses<\/h2>\n

Urals Oil posted the biggest decline among major oil benchmarks. Prices crashed 12.47% in one day to USD 98.46 per barrel. Monthly losses widened to 21.14%. Even after the correction, Urals Oil stayed 95.20% higher for the year and 79.15% above last year\u2019s value.<\/p>\n

Gasoline prices also dropped sharply. The fuel fell 3.33% to USD 3.3441 per gallon. Weekly losses reached 7.55%. Yet gasoline remained one of the strongest performers in the energy market with a massive 95.33% year to date jump and a 59.61% yearly gain.<\/p>\n

Heating Oil declined 4.96% to USD 3.5979 per gallon. The fuel is down 11.83% weekly and 5.52% monthly. Still, prices are 69.61% higher this year and 75.27% above year ago levels.<\/p>\n

Naphtha saw one of the deepest monthly declines. Prices dropped 7.84% daily to USD 827.24 per tonne. Monthly losses touched 18.13%. Despite this fall, Naphtha still gained 69.39% in 2026 and 56.63% over the last year.<\/p>\n

Natural gas and LNG prices remain under pressure<\/h2>\n

Natural Gas prices slipped 1.70% to USD 2.6837 per MMBtu. The commodity remained weak across all major timelines. It fell 2.51% weekly, 0.97% monthly, 26.82% year to date, and 24.90% year over year.<\/p>\n

TTF Gas prices in Europe also declined 2.12% to EUR 42.97 per MWh. Weekly losses stood at 6.85% while monthly losses reached 5.44%. Even with the recent decline, TTF Gas stayed 52.11% higher this year.<\/p>\n

UK Gas dropped 2.52% to 104.8478 GBp per therm. Prices were down 7.43% weekly and 8.54% monthly. However, yearly gains remained solid at 22.43%.<\/p>\n

LNG JKM prices fell 1.09% to USD 16.85 per MMBtu. The benchmark was down 15.18% for the month but still surged 75.43% year to date and 47.68% annually.<\/p>\n

German Gas prices recorded one of the steepest daily declines in the gas segment. Prices fell 6.24% to EUR 45.16 per MWh. Monthly losses widened to 12.02%, although yearly gains still stood at 27.85%.<\/p>\n

Coal, uranium and ethanol markets show mixed movement<\/h2>\n

Coal prices edged down 1.75% to USD 132.05 per tonne. The commodity stayed relatively stable compared to oil markets. Coal still gained 22.84% year to date and 33.72% yearly.<\/p>\n

Uranium prices remained mostly steady. The commodity slipped only 0.23% to USD 86.25 per pound. Uranium posted a 5.63% rise this year and a 23.04% yearly increase.<\/p>\n

Ethanol prices dropped 2.96% to USD 1.9650 per gallon. Despite the daily decline, ethanol remained 23.78% higher year to date.<\/p>\n

Methanol prices in China declined sharply by 5.38% to CNY 3075 per tonne. However, the chemical still gained 40.41% in 2026 and 33.99% from last year.<\/p>\n

Coking Coal emerged as one of the few gainers in the energy market. Prices rose 0.85% to USD 237 per tonne. The commodity also stayed positive across weekly, monthly, yearly, and YTD timelines.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The global energy market saw sharp swings on Tuesday as crude oil, Brent, natural gas, and fuel products recorded major\u2026<\/p>\n","protected":false},"author":294,"featured_media":119870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[35422,5220,35983,35423,4688,10227,35421,669,4597,12788,35568,35567,35427,35984,5218,34379,33979,35425,35426,35424,35428,23635],"class_list":["post-119869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-brent","tag-coal","tag-coking-coal","tag-crude","tag-crude-oil","tag-energy-market","tag-energy-prices-today","tag-ethanol","tag-gas","tag-gas-price","tag-gasoline","tag-heating-oil","tag-methanol","tag-naphtha","tag-oil","tag-oil-price","tag-top-stories","tag-ttf-gas","tag-uk-gas","tag-urals-oil","tag-uranium","tag-usd"],"reading_time":"3 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/119869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=119869"}],"version-history":[{"count":1,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/119869\/revisions"}],"predecessor-version":[{"id":119871,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/119869\/revisions\/119871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/119870"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=119869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=119869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=119869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}