During the second week of April, Brent oil futures for the Front Month on the ICE market showed notable volatility. On April 6, prices reached their weekly peak at $109.77/bbl, while by April 8 they had dropped to a weekly low of $94.75/bbl. In the final sessions of the week, prices edged slightly higher but remained below the $100/bbl threshold. By Friday, April 10, the settlement price stood at $95.20/bbl, marking a 13% decrease compared to the previous week.
The ongoing Middle East conflict continued to influence oil prices during this period. However, a ceasefire agreement between the United States and Iran contributed to stabilizing the market, pushing prices below $100/bbl in the final three sessions of the week.
In the gas market, TTF futures for the Front Month on the ICE market reached their weekly high on April 7 at €53.20/MWh. For the remainder of the week, prices stayed below €50/MWh, eventually falling to a weekly low of €43.64/MWh on April 10. This represented a 13% drop compared to the previous week and marked the lowest level since February 28. The decline was supported by reduced demand due to rising temperatures, as well as the geopolitical easing following the ceasefire.
Regarding CO₂ emission allowance futures in the EEX market for the December 2026 reference contract, prices reached a weekly low of €71.53/t on April 7. They then rose to a peak of €73.72/t on April 9 before settling at €72.84/t on April 10. Despite midweek fluctuations, this final price remained 1.6% higher than the closing level of the previous week, AleaSoft reports.
