Aug 15, 2025
Daily (15.08.2025): Crude oil prices hit a one-week high on Thursday ahead of Trump-Putin summit
Crude oil prices surged on Thursday on U.S. warnings over failed Ukraine talks with Russia and optimism that a possible U.S. rate cut next month could boost demand. Thus, Brent crude ended about 2% higher at $66.84 a barrel. Similarly, WTI crude soared by over 2% to nearly $64 per barrel.
British near-term gas prices ended lower on Thursday due to weak demand and robust system supply. As a result, the NBP spot price decreased by 2.7% to 78.17 p/therm. Further out the curve, the Winter 2025 delivery contract traded 1.5% lower at 86.53 p/therm due to strong supply outlook.
European spot electricity prices plunged on Thursday, pressured by stronger wind output. The German day-ahead power price dropped by about 30% to 73.61 EUR/MWh, while the French equivalent fell by 35.4% to almost 58 EUR/MWh.
On the forward curve, electricity prices edged lower, tracking bearish gas and carbon markets. The German 2026 delivery contract fell by 0.9% to 84.91 EUR/MWh, while the French equivalent slipped by 0.6% to 61.12 EUR/MWh.
European carbon prices hit a one-week low on Thursday, breaking technical support before rebounding near a trend line, as weaker energy markets and caution ahead of Friday’s US–Russia summit weighed on sentiment. As a result, EUAs expiring in Dec-2025 ended 1.1% lower at 71 EUR/MWh.
British near-term gas prices ended lower on Thursday due to weak demand and robust system supply. As a result, the NBP spot price decreased by 2.7% to 78.17 p/therm. Further out the curve, the Winter 2025 delivery contract traded 1.5% lower at 86.53 p/therm due to strong supply outlook.
European spot electricity prices plunged on Thursday, pressured by stronger wind output. The German day-ahead power price dropped by about 30% to 73.61 EUR/MWh, while the French equivalent fell by 35.4% to almost 58 EUR/MWh.
On the forward curve, electricity prices edged lower, tracking bearish gas and carbon markets. The German 2026 delivery contract fell by 0.9% to 84.91 EUR/MWh, while the French equivalent slipped by 0.6% to 61.12 EUR/MWh.
European carbon prices hit a one-week low on Thursday, breaking technical support before rebounding near a trend line, as weaker energy markets and caution ahead of Friday’s US–Russia summit weighed on sentiment. As a result, EUAs expiring in Dec-2025 ended 1.1% lower at 71 EUR/MWh.