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GAS OIL Crude oil prices surged over the week, reaching their highest levels since mid-June. The increase was driven by Ukraine’s drone attacks on Russian energy infrastructure, which limited the country’s fuel exports. Prices were further bolstered by Russia’s extension of its gasoline export ban until year-end and the introduction of a new diesel export ban to safeguard domestic supply. Midweek, a larger-than-expected draw on inventories, with API data showing a weekly reduction of 3.8 million barrels, also contributed to the rise. Consequently, Brent crude spiked by over 5% for the week, settling at $70.13 a barrel. September 29, 2025 50658095110Q1 26Q2 26Q326Sum26Win26Sum27p/thermChange in Gas Prices19.09.2526.09.25646566676869707119.09.2522.09.2523.09.2524.09.2525.09.2526.09.25$/bblBrentBritish near-term gas prices firmed for the week. Norwegian gas flows have risen as winter maintenance comes to an end, although restart problems at several facilities are still causing some minor reductions. Colder conditions provided additional support. As a result, NBP spot rose by about 1% for the week, ending at 80.60 p/therm. Along the forward curve, the gas contract for Win-25 delivery rose by 0.7% over the week, ending at 86.57 p/therm, as a force majeure declared at French LNG facilities due to strike action heightened concerns about tighter gas supplies in Europe, affecting the UK market.