Page 4 - Demo

GAS OIL Oil prices rose for the second consecutive week, driven by increasing expectations of U.S. Federal Reserve rate cuts that could boost economic growth and energy demand, while geopolitical tensions threaten to limit supplies from Russia and Venezuela. The deadlock in the peace talks between Russia and Ukraine and Putin's aggressive stance lent further upward pressure. Hence, Brent crude increased by 0.9% for the week, settling at $63.75 a barrel. December 08, 2025 50658095110Q1 26Q226Q3 26Win26Sum27Win27p/thermChange in Gas Prices28.11.2505.12.2561.56262.56363.56428.11.2501.12.2502.12.2503.12.2504.12.2505.12.25$/bblBrent British near-term gas prices saw another week of steep losses , dragged down by continuously mild weather forecasts, low demand and healthy LNG imports. As a result, NBP spot plummeted by 10% for the week, ending at 67.80 p/therm. Along the forward curve, the gas price for Sum-26 delivery tumbled by 4% for the week, closing at 64.84 p/therm as the market remains focused on the abundant supply situation, with consistently high LNG imports, which completely overshadows the fact that storage levels are currently below average.