European gas and crude oil markets rose on Monday as energy supply worries persisted. OPEC+ announced only a modest increase in output for November, adding 137,000 barrels per day, the same as October. This smaller-than-expected boost pushed Brent crude up 1.5% to $65.47 per barrel, while WTI crude climbed 1.3% to $61.69.

UK gas imports are growing as the heating season begins, with forecasts of cooler weather across Europe adding pressure. As a result, the UK’s NBP spot gas price jumped over 20% to 85 pence per therm. Concerns deepened after Russian strikes damaged Ukrainian gas infrastructure, raising fears of supply shortages. Forward contracts rose too, with the Summer 2026 delivery up more than 3% to 78.67 pence per therm.