Brent oil futures for the front month on the ICE market reached their weekly low of $66.02 per barrel on Monday, September 8. This value was higher than the previous Friday and marked the beginning of a series of increases over the following sessions. By September 10, the futures reached their weekly high of $67.49 per barrel. In the final sessions of the week, prices remained below $67, closing at $66.99 per barrel on Friday, September 12, which was 2.3% higher than the previous Friday. Rising geopolitical tensions supported the upward movement, although concerns over demand and planned production increases by OPEC+ limited further gains.
TTF gas futures for the front month on the ICE market opened the week on Monday, September 8, at €33.06/MWh, 3.4% above the previous week’s close. They reached a weekly high of €33.12/MWh on September 10, followed by a drop to €32.32/MWh on September 11, the lowest settlement of the week after a 2.4% decline from the previous day. On Friday, September 12, the settlement price was €32.66/MWh, 2.2% higher than the previous Friday. Prices remained above €32/MWh during the week, supported by tensions in the Middle East and the Russia-Ukraine conflict, while high European gas reserves, near 80%, and completed maintenance in Norway prevented a larger spike toward €34/MWh.
CO2 emission allowance futures for December 2025 on the EEX market remained above €75 per ton throughout the week. The maximum settlement price of €77.16/t was recorded on Monday, September 8, the highest since February 18. Prices then fell to a weekly low of €75.55/t on Thursday, September 11, closing at €75.78/t on Friday, slightly lower than the previous week by 0.3%.
Overall, Brent oil, TTF gas, and EU carbon futures showed moderate increases during the second week of September, influenced by geopolitical tensions, supply concerns, and market fundamentals, AleaSoft reports.
