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GAS OIL Crude oil prices fell last week as markets positioned ahead of the high-profile Alaska summit between U.S. President Donald Trump and Russian President Vladimir Putin. The meeting, expected to focus on a potential Ukraine ceasefire, led traders to weigh broader geopolitical implications for global oil supply. Additional pressure came from weak Chinese economic data, which fueled concerns over future demand from the world’s second-largest crude consumer. As a result, Brent crude slipped by 1% for the week, settling at $65.85 a barrel. August 18, 2025 50658095110Q4 25Q1 26Q2 26Win25Sum26Win26p/thermChange in Gas Prices08.08.2515.08.25636465666768697008.08.2511.08.2512.08.2513.08.2514.08.2515.08.25$/bblBrentBritish near-term gas prices fell over the week amid strong LNG imports into Europe, high storage levels, and hopes of a potential ceasefire or peace deal in Europe. As a result, the NBP spot price declined by around 3% for the week, settling at 75.10 p/therm. Further along the curve, the Winter-25 contract dropped by about 5% to 83.97 p/therm, pressured by prospects of progress in US Russia talks over the Ukraine war.–