Page 19 - 2025 HEG Daily Energy Market Report
P. 19

UK Gas Months






























                          OIL ($/bbl)
                                           THU   FRI  VAR D-1 VAR W-1    AVG.      MAX       MIN
                                          11/12 12/12                   FROM THE BEGINNING OF THIS YEAR
                         BRENT USD/BBL    61.28 61.12  -0.16    -2.63    68.54     82.03     60.23
                         BRENT DEC26      60.95 60.66  -0.29    -1.92    65.74     71.56     60.66
                         BRENT DEC27      62.19 61.95  -0.24    -1.28    66.04     70.10     61.95


                         Crude oil prices decreased on Friday, as OPEC forecast a broadly balanced oil
                         market for 2026, reversing earlier expectations of tighter supply. Losses were
                         capped,  however,  by  concerns  over  potential  U.S.  interception  of  additional
                         Venezuelan  oil  shipments.  Hence,  Brent  crude  eased  by  0.3%  to  settle  at
                         $61.12 per barrel.




                                                      Brent Crude Oil
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