Crude Oil Drops Nearly 1%, Brent Falls Below $90; Broad Weakness Hits Energy Markets
Key Highlights:
- WTI Crude Oil declined 0.99% to $86.85/bbl, while Brent Crude fell 1.07% to $89.41/bbl.
- Refined products also weakened, with Gasoline down 1.30% and Heating Oil falling 1.63%.
- TTF Gas recorded the sharpest decline among major energy commodities, dropping 4.29%.
- Naphtha slipped 2.64%, extending weakness across the petrochemical value chain.
- Coal was the lone bright spot, rising 0.53% and remaining up more than 14% over the past month.
- Despite the latest pullback, crude oil remains up over 50% year-to-date, highlighting the strong gains accumulated earlier in the year.
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