August 7, 2026: Global energy markets traded higher on Thursday morning, led by gains in crude oil, Brent crude and European natural gas, as traders monitored supply risks and energy demand. Natural gas in the US and coal prices, however, remained under pressure.
Energy Market Snapshot (08:20 AM)
| Commodity | Price | Change |
|---|---|---|
| Brent Crude | $83.41/bbl | ▲ 1.11% |
| WTI Crude Oil | $78.04/bbl | ▲ 0.97% |
| Natural Gas | $2.62/MMBtu | ▼ 0.57% |
| Gasoline | $2.95/gal | ▲ 0.24% |
| Heating Oil | $3.92/gal | ▲ 1.05% |
| Coal | $128.25/tonne | ▼ 0.43% |
| EU Gas | €58.35/MWh | ▲ 4.62% |
| UK Gas | 136.91 GBp/thm | ▲ 6.93% |
| Ethanol | $1.94/gal | ▲ 0.52% |
| Naphtha | $702.68/tonne | ▲ 5.07% |
Market Highlights
- Brent crude rose 1.11% to $83.41 per barrel, while WTI crude gained 0.97% to $78.04, extending gains after recent volatility.
- European natural gas prices surged 4.62%, while UK gas jumped nearly 7%, marking the strongest gains among major energy commodities.
- Naphtha advanced 5.07%, reflecting strength across refined energy products.
- Heating oil climbed 1.05%, while gasoline added 0.24%.
- US natural gas declined 0.57%, remaining under pressure despite broader gains across global energy markets.
- Coal prices slipped 0.43% in early trade.
