Heating oil up 127% in a year, and energy stocks are still outrunning the market
As seen on the 24/7 Wall St. homepage on October 18, 2026.
A 127% jump in heating oil over twelve months lands on consumers this winter and on CPI long before the Fed can respond, which is why energy producers keep outrunning the rest of the market.
RT @charliebilello: Commodity prices over last year... Heating Oil: +127% Brent Crude +80% Gasoline: +79% WTI Crude: +77% Copper: +32% Suga…
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Heating oil's 127% surge over the past twelve months is the sharpest move in Charlie Bilello's commodity snapshot, and it hits household budgets just as winter demand picks up.
Brent crude, gasoline and WTI crude all posted similar gains over the same period, a sweep across oil and refined products that tends to feed sustained inflation readings before monetary policy can respond.
Copper advanced alongside energy, and when base metals and crude climb together the inflation signal is harder for the Fed to dismiss as transitory.
Energy producers have been collecting outsized margins while the rest of the market debates rate paths, and that gap in relative performance is unlikely to close quickly while the commodity complex stays elevated into winter.