Global energy markets witnessed mixed movements early today, with crude oil benchmarks continuing their downward trajectory while natural gas stood out as the only upward mover.
Crude Oil & Brent Slip Further
Crude Oil (USD/Bbl) dropped to $58.21, falling 0.78 points or -1.34%. The trend remains weak across broader timeframes, with weekly losses at -3.13%, YTD at -18.83%, and YoY at -18.29%—reflecting prolonged pressure from oversupply concerns and sluggish demand projections.
Brent crude followed a similar pattern, now at $62.58, down 0.79 points (-1.25%). The benchmark is down -2.78% for the week and continues to show yearly softness, with a -16.72% YoY decline.
Natural Gas Registers Modest Rise
In contrast to crude benchmarks, Natural Gas prices increased to $4.49, gaining 0.0183 points (0.41%). The monthly and yearly gains are notably strong—29.96% (monthly), 23.41% (YTD), and a robust 36.40% YoY—supported by winter demand and tight supply conditions.
Gasoline and Heating Oil Trend Lower
Gasoline fell modestly to $1.90 per gallon, down 0.41% for the day and 5.19% weekly. Heating Oil prices softened to $2.48, slipping 1.75% today, though maintaining healthy gains over longer horizons with 10.60% monthly growth and 9.42% YoY.
