During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to fall on Tuesday, June 24, dropping 6.1% from Monday and reaching the week’s minimum settlement price of $67.14 per barrel, the lowest since June 11. In the final three sessions of the week, prices slightly recovered but remained below $68 per barrel. By Friday, June 27, the settlement price was $67.77 per barrel, marking a 12% decrease compared to the previous Friday.
The decline in Brent futures was influenced by easing tensions in the Middle East and the possibility of increased oil production by OPEC+, both of which put downward pressure on prices.
Regarding TTF gas futures on the ICE market for the Front Month contract, prices peaked on Monday, June 23, at €40.52 per MWh, which was 1.0% lower than the previous week’s close. The downward trend continued throughout the week, culminating in a weekly minimum settlement price of €33.09 per MWh on Friday, June 27. This price represented a 19% drop compared to the prior Friday and was the lowest since May 6.
The decrease in TTF gas prices was driven by increased supply from Norway and reduced demand due to higher wind energy production. Additionally, eased concerns over liquefied natural gas supply interruptions followed the reduction of geopolitical tensions in the Middle East.
For CO2 emission allowance futures on the EEX market, referencing December 2025 contracts, prices reached their weekly maximum settlement price of €73.56 per ton on Tuesday, June 24. Prices then declined, hitting the weekly minimum of €70.40 per ton on Thursday, June 26—the lowest since May 10. By Friday, June 27, prices slightly recovered to €70.97 per ton but remained 2.7% lower than the previous Friday, AleaSoft reports.
