During the fourth week of December, Brent oil futures for the front month on the ICE market reached a weekly high of $62.38/bbl on Tuesday, December 23. By Friday, December 26, the weekly low was recorded at $60.64/bbl, still 0.3% higher than the previous Friday. Prices were supported by US-Venezuela tensions and attacks on energy infrastructure linked to the Russia-Ukraine conflict, while expectations of a US-Ukraine presidential meeting to negotiate a peace agreement exerted downward pressure toward the end of the week.
TTF gas futures for the front month on ICE reached their weekly minimum of €27.69/MWh on Monday, December 22, before rising to a weekly maximum of €28.10/MWh on December 24 and 26, slightly 0.2% lower than the previous Friday. Forecasts of low January temperatures and European gas storage levels below 65% supported prices above €27.50/MWh, although abundant supply kept them below last week’s levels.
CO₂ emission allowance futures on the EEX market for the December 2026 contract remained above €87/t. The weekly minimum was €87.47/t on Monday, December 22, while the maximum reached €88.55/t on Tuesday, December 23, marking the highest price since at least October 1, 2024, according to AleaSoft Energy Forecasting.