Energy Commodities Price Outlook
Energy price growth hits a six-month high in December
Energy prices climbed 11.9% in December, which was stronger than November’s 4.4% month-on-month rise and marked the seventh monthly increase in prices since the height of the global lockdowns in April.
A surge in crude oil prices boosted energy prices in recent weeks, as demand prospects were lifted on the back of strong economic data out of China and the approval of a robust U.S. stimulus package. Moreover, positive news on the vaccine front continued to strengthen demand prospects ahead, further bolstering prices . Meanwhile , U.S. crude inventories fell throughout December, pointing to upbeat demand also supporting prices.
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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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