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Energy Markets
31.03.2026
Oil prices rose on Monday as tensions in the Middle East increased. Concerns about U.S.-Iran peace talks, U.S. military activity, and early Houthi attacks on Israel raised fears of conflict. Brent crude edged up to $112.78 per barrel, while WTI jumped more sharply to $102.88 per barrel.
Gas prices also increased, with the UK NBP spot price rising to 136 p/therm. This was mainly due to cyclone damage in Western Australia, which may keep a major LNG facility offline for weeks and tighten global supply. Future gas prices for summer 2026 also climbed slightly as market uncertainty continued.
Electricity prices across Europe rebounded strongly. In Germany, day-ahead power prices rose by 45% due to lower wind output and higher demand. In France, prices jumped even more, up 74%, as cooler weather increased energy needs.
Looking ahead, power and carbon markets showed mixed trends. Long-term electricity prices were stable in Germany but slightly lower in France. Meanwhile, carbon prices rose modestly, supported by expectations that upcoming EU policy changes may be less strict than previously feared.