July 5, 2026: Global energy markets traded lower on Sunday, with crude oil and Brent crude extending losses, while natural gas also declined sharply. However, UK natural gas and heating oil bucked the broader trend with modest gains.
Key Highlights (08:41 IST):
- WTI Crude Oil fell 0.47% to $68.44 per barrel, down $0.32 on the day.
- Brent Crude declined 0.47% to $71.77 per barrel, shedding $0.34.
- Natural Gas dropped 2.31% to $3.17/MMBtu, marking the steepest decline among major energy commodities.
- Gasoline slipped 0.41% to $2.94 per gallon.
- Heating Oil edged 0.25% higher to $3.26 per gallon.
- Coal eased 0.23% to $128.80 per tonne.
- EU Natural Gas fell 1.13% to €44.82/MWh.
- UK Natural Gas outperformed, rising 2.99% to 107.64 GBp/thm, extending its weekly gain to 10.06%.
- Ethanol gained 0.80% to $1.90 per gallon.
Despite the day's weakness, several energy commodities remain significantly higher on a year-to-date basis, with gasoline (+71.78%), EU gas (+59.26%), heating oil (+53.88%), and UK gas (+45.83%) continuing to post strong gains in 2026.
