Energy Commodities Price Outlook
Energy prices slip on oil demand fears in January
Energy prices dipped 3.0% month-on-month in January, compared to December’s 2.7% increase and marking the first contraction in the last three months.
Fears of slumping global oil demand due to the coronavirus outbreak weighed on energy prices at the outset of the year. Oil prices led the overall downturn amid significant disruptions to the manufacturing, transportation and construction sectors in disease-stricken China, which is the largest global oil importer. Oversupply concerns due to the lack of action from OPEC+ further weighed on oil prices. Similarly, natural gas prices continued to decline markedly on worries of an increasingly oversupplied U.S. market, while warmer-than-usual weather weighed on gasoil prices. In contrast, gasoline prices recovered some ground in January after slumping markedly in December.
For report pricing and subscription information, contact us.
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
Request a Trial
bet360备用网址 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.