Global energy markets traded mixed on the latest session, with crude benchmarks and refined fuels mostly under pressure, while natural gas prices showed selective resilience. Crude oil fell 1.31% to 69.418 USD/bbl, while Brent crude declined 1.54% to 72.606 USD/bbl, extending weakness seen over the past month. Brent is now down 24.88% monthly, while crude oil has dropped 26.05% over the same period.
Among gas benchmarks, natural gas rose 1% to 3.2531 USD/MMBtu, standing out as one of the few gainers on the day. In contrast, UK Gas dropped 3.10% to 97.18 GBp/thm, marking the steepest daily decline among the listed energy contracts, while EU Gas edged up 0.07% to 40.90 EUR/MWh.
Refined fuel prices were also lower in the session. Gasoline slipped 1.02% to 2.8524 USD/gal, while heating oil fell 1.13% to 3.1404 USD/gal. However, both remain among the strongest performers on a year-to-date basis, with gasoline up 66.76% YTD and heating oil higher by 48.07% YTD, indicating that despite short-term softness, fuel prices continue to reflect strong gains over the broader period.
Other energy-linked commodities showed mixed trends. Coal eased 0.28% to 143.55 USD/t, while ethanol gained 0.55% to 1.83 USD/gal. Naphtha declined 0.84% to 679.78 USD/t, though it remains up 39.19% YTD.
