July 31: Global energy markets traded mixed on Friday morning, with crude oil and Brent crude extending losses, while coal emerged as the standout gainer. Brent crude slipped below the $86 per barrel mark as traders assessed demand expectations and global supply dynamics.
Key Energy Market Updates
- Crude Oil: $82.19/bbl, down 1.67%
- Brent Crude: $85.78/bbl, down 1.26%
- Natural Gas: $2.77/MMBtu, up 0.44%
- Gasoline: $3.09/gal, down 1.26%
- Heating Oil: $4.08/gal, down 1.12%
- Coal: $134.05/tonne, up 2.96%
- EU Natural Gas: €57.91/MWh, down 0.71%
- UK Natural Gas: 142.47 GBp/thm, down 3.89%
- Naphtha: $767.07/tonne, down 1.94%
- Propane: $0.71/gal, down 3.04%
- Uranium: $86.60/lb, largely unchanged.
Market Snapshot
Oil benchmarks remained under pressure after recent gains, with both WTI Crude and Brent posting losses of over 1%. Coal outperformed the broader energy complex, rising nearly 3%, while natural gas prices showed mixed movement across regions. Despite the short-term decline, crude oil prices continue to trade significantly higher on a year-to-date basis, reflecting ongoing geopolitical and supply-side uncertainties.
Disclaimer: Commodity prices are subject to market risks and may change rapidly due to global economic developments, geopolitical events, inventory data, and currency fluctuations. This article is for informational purposes only and should not be construed as investment advice.
