Oil prices are trending downward this Monday (26/10) on international markets, while the rally in natural gas continues amid uncertainty over developments on the Middle East war front. Specifically, Brent crude oil is retreating toward $114 per barrel, pulling back from multi-month highs.
Read also: Agricultural diesel: How myDiesel will work from November 1st — the process in four steps
It is worth noting that crude oil exports from the Middle East have recovered, approaching pre-conflict levels, although a fresh escalation of the conflict could trigger further disruptions to the region’s energy supply.
Oil & natural gas: How prices are moving
Meanwhile, natural gas prices in Europe surpassed €95 per MWh in Monday’s trading session, racing toward new highs for 2022, as the escalation of military conflict in the Middle East intensified concerns about natural gas supply ahead of the winter season.
