Over the week ending June 20, 2025, Brent crude oil futures rose by $2.78, or 4%, from $74.23 to $77.01, with the 12-month and 6-month spreads widening by $0.84 (14%) and $0.75 (17%) respectively, indicating expectations of continued price strength. U.S. natural gas futures also increased notably, with the front-month August contract rising $0.27 (7%) from $3.58 to $3.85, although the 12-month spread narrowed by $0.16, suggesting potential downward pressure on prices in the near term. Oil prices showed strong momentum over the weekend, with crude oil gains reported between 5.5% and 8%, reflecting an approximate 30% increase over the past month. In commodities and financial markets, other notable moves over the past week included significant two-standard-deviation shifts in Swedish 10s30s bond yields, Lean Hogs, and the KOSPI index.