In the third week of March, Brent crude oil futures for the Front Month on the ICE market remained above $70 per barrel. The weekly low settlement price of $70.56/bbl was recorded on Tuesday, March 18, followed by an upward trend that culminated on Friday, March 21, with a weekly high of $72.16/bbl—an increase of 2.2% compared to the previous Friday.
Despite concerns over the impact of U.S. tariff policies on demand, positive economic data from China and potential stimulus measures boosted expectations of higher consumption. Geopolitical instability in the Middle East and ongoing developments in the war in Ukraine further supported price levels. Additionally, the announcement of new sanctions on Iranian oil contributed to the price increase at the end of the week.
TTF gas futures for the Front Month on the ICE market started the third week of March with declining prices. The weekly low settlement price of €40.75/MWh was reached on Tuesday, March 18. However, prices surged by 6.4% the following day, reaching a weekly high of €43.35/MWh on March 19. Prices then saw slight declines, with a settlement price of €42.60/MWh on Friday, March 21, marking a modest 0.7% increase compared to the previous Friday. The weekly average settlement price was just 0.1% higher than the previous week. TTF gas futures remained influenced by the Russia-Ukraine conflict, while mild temperatures and higher wind energy production exerted downward pressure.
Meanwhile, CO₂ emission allowance futures (December 2025 contract) on the EEX market reached their weekly low of €70.11/t on Monday, March 17. Prices rose to a peak of €73.44/t on March 19 before declining again toward the end of the week. The settlement price on Friday, March 21, was €71.45/t, representing a 0.6% increase compared to the previous Friday. The weekly average settlement price increased by 3.1%, AleaSoft reports.
