What does the Markets page track?
The Markets dashboard tracks live prices for 30+ global energy benchmarks: crude oil (WTI, Brent, Dubai, OPEC Basket, Azeri Light, Western Canadian Select, Urals, Basrah Medium), refined products (gasoline RBOB, diesel, heating oil, jet fuel, ethanol, naphtha, propane), natural gas (Henry Hub, UK NBP, Dutch TTF), LNG (JKM), coal (Newcastle, Coking, CAPP, PRB, Illinois Basin), metals (gold, silver, platinum, palladium), emissions (EU and UK carbon allowances), and currencies (EUR/USD, GBP/USD, USD/CNY). Everything updates via API every 5 minutes.
How often do prices update?
The underlying API polls exchanges every 5 minutes during trading hours. Our page re-renders whenever the latest snapshot arrives. Weekends and market holidays show last-session prices until trading resumes. Regional benchmarks like OPEC Basket publish once daily on the afternoon trading close.
Why do some cards show older timestamps?
Not every benchmark trades continuously. Regional crude grades (Azeri Light, Urals, OPEC Basket, Basrah Medium) publish one price per trading day. Carbon allowance auctions run on specific weekly schedules. The price you see is the most recent available — all data flows straight from the source API.
What does "24h change" mean for weekly-published benchmarks?
For benchmarks that publish once per trading day, "24h change" reflects the change since the previous publication. For real-time benchmarks (WTI, Brent, Natural Gas, Gold, currencies), it's the rolling 24-hour change as computed by the exchange.
Why are energy benchmarks moving right now?
The Strait of Hormuz re-closure on April 18 is the dominant driver, adding a $15-25/barrel risk premium back to global crude. OPEC+ is proceeding with its 206K bpd April increase despite the crisis. The April 21 U.S.-Iran ceasefire expiration is the next major catalyst. On the gas side, Henry Hub is firming on Qatari LNG disruption; Dutch TTF remains elevated as European buyers return to premium bidding for LNG cargoes.
How do these prices affect gasoline, diesel, and heating costs?
WTI and Brent moves flow to wholesale gasoline (RBOB) and diesel (ULSD) within days, and to retail pump prices in 1-2 weeks. A $10/barrel crude increase typically adds $0.24-0.30/gallon at the pump. Henry Hub gas prices flow to electricity bills within weeks (gas-fired generation sets marginal power prices in most U.S. grids) and to heating costs the following billing cycle. Dutch TTF primarily affects European industrial and utility bills.
What is the difference between spot and futures pricing?
Spot prices reflect immediate physical delivery. Futures prices reflect agreed delivery at a specific future date. Most benchmarks on this page show front-month futures — the most actively traded contract, typically 30-45 days forward. The difference between spot and distant futures indicates market expectations:
backwardation (spot higher than futures) signals tight supply;
contango (spot lower than futures) signals surplus. See our
full explainer on futures vs. spot.
Why does the U.S. have so many crude benchmarks?
Different regions produce different grades of crude and different pipelines carry them to different refineries. WTI is light sweet crude delivered at Cushing, Oklahoma. Louisiana Light is similar but Gulf Coast-delivered. Mars Blend and Eagle Ford are Gulf Coast sour grades. Western Canadian Select is heavy sour crude from Alberta. Each grade prices differently based on refinery demand and transportation economics.
Why are Brent and WTI often different prices?
Geography, quality, and transport costs. Brent is a waterborne North Sea grade with global pricing power — about 75% of internationally traded crude prices off Brent. WTI is landlocked at Cushing, Oklahoma with U.S. domestic pricing power. The spread (usually $2-6 with Brent higher) reflects transport costs to move WTI to global markets. See our
WTI vs Brent full explainer.
What are carbon allowances and why do they matter?
EU Carbon (EUA) and UK Carbon allowances are compliance units in cap-and-trade systems. Industrial emitters must hold one allowance for each ton of CO₂ emitted. Prices reflect the marginal abatement cost — when allowances are expensive, emitters face stronger incentives to switch fuels (gas over coal, renewables over gas). EU Carbon also feeds into European power and gas prices because gas-vs-coal generation switching depends on it.