[EN] Prices for crude oil are falling: Both Brent and WTI have reported strong price drops for three months in a row now. This is due to a noticeable increase in crude oil supply – among others caused by a higher OPEC output. At the same time the demand is currently quite weak seasonally. However the effect is weakened in Europe, as the EUR has depreciated further. On the other hand prices for natural gas have continued to increase in the EU as well as in the US. Furthermore it’s conspicuous that the annualized volatility has risen in all energy markets analysed. This article analyses the latest price developments and most important key figures for energies.
Taking the past 12 months into account, we have observed price decreases for crude oil WTI (-4.4%) and Brent (-6.1%) as well as for natural gas EU (-16.3%). Since US and EU natural gas markets are not highly correlated, we have noticed a price increase of +22.1% for natural gas in the US.
During the last month, Brent (-3.6%) and WTI (-0.4%) have continued their downward trend. Natural gas US (+5.8%) and natural gas EU (+4.3%) have increased. The highest price movements are still registered by the US market of natural gas with an annualized volatility of 30.3% in September.
In order to provide a market visibility for European companies affected by raw material costs, the following analysis takes into consideration the price evolution in EUR unless specified. Please click on the raw materials below to receive more detailed information.
| Energies prices returns | 1 YEAR | daily price data | Energies prices returns | 1 MONTH | daily price data |
| October 2013 – September 2014 | September 2014 |
 |  |
| *Returns based on monthly data over the last 12 months | *Returns based on monthly data over the last month |
1. CRUDE OIL BRENT Read more
Crude oil Brent is traded in US dollars per barrel at the ICE Futures in London. It is extracted from the North Sea and is the most important brand of crude oil for Europe.
With a month closing price of 75.38 EUR/bbl (94.85 USD/bbl), Brent has decreased with a return of -3.6% this month and -6.1% during the last 12 months. The annualized volatility has increased during the last month again and is currently at 14.6%.
Brent (ICE Futures) | price evolution | 1 YEAR
October 2013 – September 2014 |
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Source: TALA Consult Commodity Radar
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Brent (ICE Futures) | FX impact
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
Brent (ICE Futures) | key figures
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
Brent vs WTI | price evolution in EUR/bbl | 1 YEAR
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
2. CRUDE OIL WTI Read more
Crude oil WTI is traded in US dollars per barrel at the New York Mercantile Exchange (NYMEX) in New York. WTI is the most important brand of crude oil in the USA.
With a month closing price of 72.45 EUR/bbl (91.16 USD/bbl), West Texas Intermediate (WTI) has decreased slightly with a return of -0.4% this month and -4.5% during the last 12 months. The annualized volatility has increased in September and is currently 26.0%.
WTI (NYMEX) | price evolution | 1 YEAR
October 2013 – September 2014 |
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Source: TALA Consult Commodity Radar
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WTI (NYMEX) | FX impact
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
WTI (NYMEX) | key figures
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
Brent vs WTI | price evolution in EUR/bbl | 1 YEAR
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
3. NATURAL GAS EU Read more
These figures are based on the average import border price and a spot price component, beginning April 2010 including UK (during June 2000 – March 2010 prices exclude UK). Natural gas EU is traded in Euro per million British thermal units (mmbtu).
With a month closing price of 7.16 EUR/mmbtu (9.24 USD/mmbtu), the natural gas price in Europe reports a rise of +4.3% this month. For the last 12 month the price has decreased noticeably by -16.3%. The annualized volatility has increased in the last month and is currently at 9.5%.
Natural gas EU (c.i.f.) | price evolution | 1 YEAR
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
Natural gas EU (c.i.f.) | key figures
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
4. NATURAL GAS US Read more
Natural gas US is traded in US dollars per million British thermal units (mmbtu) at the New York Mercantile Exchange (NYMEX) in New York.
With a month closing price of 3.28 EUR/mmbtu (4.13 USD/mmbtu), natural gas US has increased again with a return of +5.8% this month and +22.1% during the last 12 months. The annualized volatility has increased during September and is currently at 30.3%.
Natural gas US (NYMEX) | price evolution | 1 YEAR
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
Natural gas US (NYMEX) | FX impact
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
Natural gas US (NYMEX) | key figures
October 2013 – September 2014 |
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| Source: TALA Consult Commodity Radar |
Date of publication: 6 October 2014
Sources | Disclaimer | Methodology
