Global energy markets traded lower on 2 July 2026, with crude oil and Brent crude extending losses amid persistent selling pressure. Natural gas and refined fuel products also remained under pressure, while uranium bucked the trend with modest gains.
Key Highlights (2 July 2026):
- Crude Oil slipped 1.30% to $67.69 per barrel, down 0.89 points.
- Brent Crude declined 1.17% to $70.73 per barrel, shedding 0.84 points.
- Natural Gas fell 0.89% to $3.19/MMBtu.
- Gasoline dropped 1.29%, while Heating Oil eased 0.50%.
- Coal was largely flat, slipping just 0.04%.
- EU Gas edged 0.11% higher, bucking the broader weakness.
- UK Gas fell sharply by 2.64%.
- Uranium gained 0.64% to $86.05/lb, outperforming most energy commodities.
Despite the day's decline, longer-term performance remained positive for several commodities. Crude oil and Brent were still up 17.94% and 16.27%, respectively, on a year-to-date basis, while gasoline continued to post a robust 69.97% YTD gain. EU Gas and UK Gas also retained strong YTD advances of 52.92% and 37.77%, highlighting the broader resilience in energy markets despite short-term volatility.
