Brent crude oil futures for the Front Month on the ICE exchange reached their weekly high of $65.62 per barrel on Monday, October 27, a level 0.5% lower than the previous week’s closing price. After falling by 1.9% on Tuesday, October 28, the futures hit their weekly low at $64.40 per barrel. Over the following three trading sessions, prices hovered around $65 per barrel with a slight upward trend, closing at $65.07 per barrel on Friday, October 31 — 1.3% lower than the previous Friday, according to data from AleaSoft Energy Forecasting.
During the last week of October, Brent prices came under downward pressure amid speculation about a possible production increase by OPEC+. However, U.S. sanctions on Russian oil companies and optimism over progress in trade negotiations between China and the United States helped stabilize prices. On Sunday, November 2, OPEC+ confirmed a new production increase for December and announced plans to pause further hikes during the first quarter of 2026.
TTF natural gas futures for the Front Month on the ICE exchange remained below €32/MWh throughout the week. On October 29, the contracts reached a weekly high of €31.87/MWh, while the weekly low of €31.05/MWh was recorded on Thursday, October 30 — a 2.6% drop from the previous day and the lowest level since August 16. On Friday, October 31, prices slightly rebounded to €31.12/MWh but were still 2.8% lower than the previous Friday. According to AleaSoft Energy Forecasting, stable European gas reserves averaging above 82% and sufficient LNG supplies kept prices below €32/MWh, despite temporary supply disruptions due to maintenance in Norway.
In the CO2 emissions market, EEX futures for December 2025 started the week at their weekly low of €77.76 per tonne on Monday, October 27. Prices then climbed to a weekly high of €78.83 per tonne on October 29, before easing again toward the end of the week. By Friday, October 31, the settlement price was €78.54 per tonne, 0.3% higher than the previous Friday, according to AleaSoft Energy Forecasting data.
