Page 7 - 2025 HEG Daily Energy Market Report

UK Gas Months

OIL ($/bbl)
TUE WED VAR D-1 VAR W-1 AVG. MAX MIN
16/12 17/12 FROM THE BEGINNING OF THIS YEAR
BRENT USD/BBL 58.92 59.68 0.76 -2.53 68.43 82.03 58.92
BRENT DEC26 59.20 59.60 0.4 -1.92 65.66 71.56 59.20
BRENT DEC27 61.01 61.18 0.17 -1.33 65.98 70.10 61.01

Crude oil prices increased on Wednesday after U.S. President Donald Trump
imposed a blockade on all sanctioned Venezuelan oil tankers, heightening
geopolitical tensions. Still, weak market fundamentals persisted as many
OPEC+ members continued to exceed production targets. Hence, Brent crude
advanced by 1.3% to settle at $59.68 per barrel.

Brent Crude Oil