In the third week of April, Brent oil futures for the Front Month on the ICE market continued to trade below $70 per barrel. The lowest settlement price was recorded on Tuesday, April 15, at $64.67 per barrel. However, prices increased in the last two sessions of the week, with the weekly maximum settlement price reaching $67.96 per barrel on Thursday, April 17, a 4.9% rise from the previous Friday. Concerns about global oil demand persisted, but new US sanctions on Iranian oil exports contributed to the price increase towards the end of the week.
TTF gas futures for the Front Month also saw fluctuations during the third week of April. On Tuesday, April 15, the lowest settlement price was €34.41 per MWh. Prices then rose, with the weekly maximum settlement price reaching €35.66 per MWh on Thursday, April 17, a 6.6% increase compared to the previous Friday. The supply of liquefied natural gas helped increase European reserves, and the EU agreed to relax winter storage targets, which helped stabilize prices around €35/MWh.
CO2 emission allowance futures in the EEX market for the December 2025 reference contract remained above €65 per ton throughout the week. On April 16, prices reached their weekly maximum settlement price of €66.97 per ton. However, by Thursday, April 17, prices fell by 1.6% to reach €65.89 per ton, which was still 1.7% higher than the previous Friday, AleaSoft reports.
