Energy Commodities Price Outlook
Energy price gain momentum in June
Energy prices surged 9.6% in June, up from May’s 5.8% rise and marking the strongest increase in prices since February.
The strong rise in energy prices in the final month of Q2 was mainly driven by a faster increase in crude oil prices. The decision made by OPEC+ to ease production cuts at a slightly weaker pace than markets had anticipated pushed prices higher. Moreover, demand conditions remained firm over the month, likely lending further support to crude prices. Meanwhile, thermal and coking coal prices surged in June and natural gas price growth remained upbeat.
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Energy Commodities Historical Price Data
|Brent Crude Oil||52.42||43.83||54.26||71.01||64.32|
|WTI Crude Oil||48.68||43.28||50.84||64.94||56.97|
- Brent Crude Oil prices in USD per barrel (bbl).
- WTI Crude Oil prices in USD per barrel (bbl).
- Gasoline prices in USD per gallon (gal).
- Natural Gas prices in USD per Million of British Thermal Units (MMBtu).
- Thermal Coal prices in USD per metric ton (mt).
- Coking Coal prices in USD per metric ton (mt).
- Uranium prices in USD per pound (lb).
- Gasoil prices in USD per metric ton (mt).
- All prices are average of period (aop).
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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