In the second week of April, settlement prices for Brent oil futures in the ICE market remained below $70 per barrel. On Tuesday, April 8, these futures reached their weekly minimum price at $62.82 per barrel, the lowest since April 7, 2021. However, a 4.2% increase in prices saw the futures reach their weekly peak of $65.48 per barrel on April 9. By Friday, April 11, the price settled at $64.76 per barrel, marking a 1.3% decrease from the previous Friday.
Brent oil prices in the second week of April continued to be influenced by US tariff policies. The temporary suspension of tariffs for certain countries led to a price recovery on April 9. However, rising trade tensions between China and the US contributed to concerns about global oil demand, placing downward pressure on prices.
As for TTF gas futures in the ICE market for the Front Month, prices reached their weekly maximum on Monday, April 7, at €37.00 per MWh. However, the prices dropped until April 9, when they hit their lowest point of the week at €33.67 per MWh, the lowest since September 20, 2024. In the final sessions of the week, prices saw a slight increase, and by Friday, April 11, the settlement price was €33.85 per MWh, an 8.3% decrease from the previous Friday.
The second week of April saw US tariff policies continuing to influence TTF gas futures. Additionally, negotiations to ease storage targets for the upcoming winter contributed to keeping prices below €40 per MWh.
Regarding CO2 emission allowance futures for December 2025 in the EEX market, prices followed the downward trend from the previous week until April 9, when they reached a weekly minimum of €60.94 per ton, the lowest since April 5, 2024. Prices then saw an increase in the later sessions of the week, AleaSoft reports.
