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GAS OIL Crude oil prices increased last week, supported by rising geopolitical tensions, discussions over U.S. fuel policy, and early signs of supply adjustments. The market reacted strongly to a Ukrainian drone strike on Russia’s strategic Novorossiysk export port, which temporarily halted shipments and prompted Transneft to suspend pipeline flows. As a result, Brent crude rose by 1% for the week, to settle at $64.39 a barrel. November 17, 2025 50658095110Q1 26Q226Q3 26Win26Sum27Win27p/thermChange in Gas Prices07.11.2514.11.256161.56262.56363.56464.56565.507.11.202510.11.2511.11.2512.11.2513.11.2514.11.25$/bblBrent British near-term gas prices soared for the week as temperatures in the UK are starting to drop, with next week’s forecasts indicating levels about 4°C below average. As a result, NBP spot climbed by about 6% for the week, closing at 80.75 p/therm. Along the forward curve, the gas price for Sum-26 delivery slipped by 0.4% for the week, ending at 74.80 p/therm amid abundant storage injections and generally plentiful LNG and pipeline supplies.