July 10: Global energy markets traded mixed, with crude oil prices edging higher as investors continued to monitor supply dynamics and geopolitical developments. WTI crude rose 0.27% to $72.28 per barrel, while Brent crude gained 0.29% to $76.52 per barrel, extending their weekly gains to 5.08% and 6.12%, respectively.
Among other commodities, UK Natural Gas emerged as one of the strongest performers, climbing 3.54% on the day and 15.62% for the week. Naphtha surged 5.94%, making it the top daily gainer in the energy basket.
However, weakness was visible across several refined products. Gasoline fell 1.19%, Heating Oil declined 1.09%, and EU Natural Gas dropped 2.15%, while Propane recorded the sharpest decline of 3.31%.
Despite the mixed daily performance, major energy commodities remain significantly higher on a year-to-date basis. WTI crude is up 25.84%, Brent has gained 25.75%, while Gasoline (75.57%), Heating Oil (66.52%), and UK Natural Gas (63.70%) continue to post strong YTD gains.
The latest price action suggests energy markets remain supported by supply concerns, although profit-booking in select fuel products indicates increased short-term volatility.
