Page 35 - 2025 HEG Daily Energy Market Report

UK Gas Months

OIL ($/bbl)
MON TUE VAR D-1 VAR W-1 AVG. MAX MIN
2/3 3/3 FROM THE BEGINNING OF THIS YEAR
BRENT USD/BBL 77.74 81.40 3.66 10.63 67.42 81.40 59.96
BRENT DEC26 70.02 70.49 0.47 3.02 64.55 70.49 59.35
BRENT DEC27 66.67 66.90 0.23 1.13 64.21 66.90 60.59
BRENT DEC28 66.43 66.68 0.25 0.78 65.06 66.68 62.39

Escalating military action involving Iran led to widespread supply disruptions in
the Middle East on Tuesday, including attacks on vessels, infrastructure
damage, and navigation blockages in the Gulf. Output cuts stretched from
Qatar to Iraq. Brent crude responded with a 4.7% gain, reaching $81.40 per
barrel.

Brent Crude Oil