
The energy composite includes WTI and Brent crude oil, gasoline, heating oil, natural gas, and ethanol. While the composite does not include coal, it remains a critical energy commodity producing power in China and India, the world’s most populous countries.
The energy composite rose 8.65% in Q4 and was 4.89% higher in 2024. Oil, oil products, natural gas, and ethanol prices rose in Q4 and turned in mixed results in 2024, while coal for delivery in Rotterdam, the Netherlands, declined in Q4 but moved to the upside in 2024.