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GAS OIL Crude oil prices started the week higher on Monday, driven by rising tensions in Russia and the Middle East. Russia accused Ukraine of a drone attack on President Putin’s residence, while instability in the Middle East, including Saudi strikes in Yemen, raised concerns over supply disruptions. On Tuesday, prices were largely unchanged as investors reassessed fading prospects for a Russia Ukraine peace deal amid ongoing –Middle East tensions. By Friday, Brent crude fell slightly to $60.75 per barrel. Nevertheless, the market remained range-bound due to ample supply expectations and persistent geopolitical concerns. January 05, 2025 506580Q2 26Q3 26Q4 26Sum26Win26Sum27p/thermChange in Gas Prices26.12.2502.01.26596061626326.12.2529.12.2530.12.2531.12.2501.01.2602.01.26$/bblBrentBritish gas prices were volatile last week, influenced by weather conditions, outages, storage levels, and LNG inflows. The NBP spot price increased on Monday due to colder weather forecasts and an unexpected outage at Norway’s Aasgard field, then fell on Tuesday as ample supply, including strong LNG arrivals, offset near-term cold risk. Finally, NBP spot ended over 6% higher for the week, to settle at 78.40 p/therm on Friday, supported by renewed cold forecasts and Norway s Troll field outage reducing ’deliveries. Further on the curve, the Summer 2026 contract followed a similar path, rising early in the week on low storage levels, dipping midweek amid strong LNG inflows, and finishing 2.2% higher for the week, to end above 67 p/therm on Friday. Overall, the market reflected a mix of short-term supply constraints and seasonal demand pressures, keeping prices volatile throughout the week.