Energy Commodities Price Outlook
A tightening global oil market continues to buttress energy prices in February
Energy prices expanded at the fastest pace in over one year in February, rising 7.0% month-on-month following January’s 2.3% increase.
The narrative regarding the evolution of energy prices remained unchanged from the previous month. OPEC countries are quickly implementing the voluntary oil output cuts agreed upon in December, effectively tightening global oil markets and, in turn, pushing up prices for oil and its derivatives. That being said, strong oil production in the United States, still-resilient output in Russia and subdued global growth prospects are limiting any sharp upswing in oil prices. Meanwhile, natural gas prices are still declining following the massive rally observed in Q4, which has been reinforced by relatively mild weather in January and February.
For report pricing and subscription information, contact us.
Energy Commodities Historical Price Data
|Brent Crude Oil||111.67||108.69||98.9||52.42||43.83|
|WTI Crude Oil||94.08||97.97||93.02||48.68||43.28|
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
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.