Energy prices decreased 0.3% month on month in December, following November’s 1.6% fall.
December’s decline was the fourth in five months, with the oil market remaining depressed at the prospect of rising crude production and a more hawkish U.S. Fed. European natural gas also posted a slight drop, largely due to strong wind power generation early in the month. Capping things off, prices for uranium plus coking and thermal coal also fell. That said, the decline in energy prices was slight: Brent prices only fell marginally and those for WTI stagnated, with money managers raising their net long positions, as China’s economy appeared to improve and the presidency of Donald Trump—who may reimpose sanctions on oil-producing Iran and Venezuela—edged closer. Meanwhile, U.S. natural gas prices soared due to cold weather and surging liquified natural gas exports.
Energy Historical Price Data
Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
---|---|---|---|---|---|---|---|---|
European TTF Natural Gas | 16.80 | 11.25 | 10.80 | 13.56 | 8.79 | 10.00 | 11.49 | 13.55 |
Diesel | 2.90 | 2.43 | 3.01 | 2.82 | 2.69 | 2.51 | 2.33 | 2.24 |
Australian Thermal Coal | 255.36 | 161.32 | 146.92 | 134.98 | 127.17 | 136.11 | 140.29 | 139.10 |
Australian Coking Coal | 342 | 244 | 262 | 333 | 306 | 243 | 212 | 203 |
Uranium U3O8 | 50.39 | 50.95 | 50.95 | 72.06 | 96.40 | 88.85 | 81.98 | 78.44 |
Brent Crude Oil | 82.24 | 77.89 | 85.88 | 82.97 | 81.87 | 85.02 | 78.87 | 74.03 |
WTI Crude Oil | 76.04 | 73.53 | 82.11 | 78.45 | 77.48 | 81.77 | 76.60 | 70.77 |
RBOB Gasoline | 2.52 | 2.60 | 2.72 | 2.20 | 2.37 | 2.57 | 2.26 | 2.00 |
U.S. Henry Hub Natural Gas | 2.78 | 2.33 | 2.66 | 2.92 | 2.11 | 2.33 | 2.23 | 3.00 |