In the first week of October, Brent oil futures for the Front-Month in the ICE market showed a consistent downward trend. On Monday, September 29, they reached their weekly maximum settlement price of $67.97 per barrel, which was already 3.1% lower than the previous Friday’s price. The decline continued until Thursday, October 2, when futures hit their weekly minimum of $64.11 per barrel — the lowest level since May 31, according to AleaSoft Energy Forecasting. By Friday, October 3, the price slightly recovered to $64.53 per barrel but remained 8.0% below the previous Friday’s level.
Concerns about global demand, the resumption of oil exports from Kurdistan, and expectations of further production increases by OPEC+ exerted downward pressure on prices throughout the week. On Sunday, October 5, OPEC+ announced an agreement to increase production by 137,000 barrels per day starting in November.
TTF gas futures for the Front-Month in the ICE market followed a relatively stable pattern. On Monday, September 29, they reached a weekly maximum settlement price of €32.06/MWh. For the rest of the week, prices remained below €32/MWh, reaching a weekly low of €31.34/MWh on October 1 and closing at €31.44/MWh on Friday, October 3 — 3.9% lower than the previous Friday’s settlement.
High liquefied natural gas supply and strong European storage levels, which averaged above 82%, kept TTF gas futures prices under €32/MWh for nearly the entire week.
Meanwhile, CO2 emission allowance futures in the EEX market for the December 2025 reference contract experienced an upward trend. After a 1.4% drop on Tuesday, September 30, which brought the price to a weekly low of €75.74 per tonne, prices rose steadily through the rest of the week. By Friday, October 3, they reached €79.14 per tonne — 4.2% higher than the previous Friday and the highest level since February 15, according to AleaSoft Energy Forecasting.
