In the final week of July, Brent crude oil futures for the Front Month on the ICE market showed volatility. On Monday, July 28, prices hit their weekly low at 69.32 US dollars per barrel, before rising steadily and peaking at 72.47 dollars per barrel on Wednesday, July 30, the highest level since June 21. However, prices declined toward the end of the week, closing at 69.67 dollars per barrel on Friday, August 1. Despite the drop, the weekly average was still 1.2 percent higher than the previous week. The increase in prices was supported by expectations of tighter supply following reductions in production by OPEC+ countries and the anticipation of strong demand growth in the second half of the year.
Meanwhile, TTF natural gas futures for the Front Month on the ICE market also experienced fluctuations. On Monday, July 28, prices reached a weekly low of 27.62 euros per megawatt-hour, before peaking at 31.78 euros per megawatt-hour on Wednesday, July 30. By Friday, August 1, prices had settled at 30.05 euros per megawatt-hour. Overall, the weekly average increased by 5.7 percent compared to the previous week. Concerns about potential strikes at Australian LNG facilities and a temporary drop in Norwegian gas exports contributed to the upward pressure on prices.
In the CO₂ emission rights market, EUA futures for the December 2025 contract on the EEX showed a downward trend. The weekly average price was 60.42 euros per ton, 2.8 percent lower than the previous week. The decline was influenced by reduced industrial activity and milder temperatures, which lowered demand for emission allowances.
Overall, the week reflected mixed trends across energy markets, shaped by shifting weather conditions, supply expectations, and geopolitical developments, AleaSoft reports.
