Coquest

Your Daily Energy Report for September 19, 2025

Posted on 2025-09-19

Crude Oil

Crude Oil futures for October settled down -$.89 or -1.40% at $62.68. Oil prices ended lower on Friday, its third consecutive decline. Market sentiment remained pressured by abundant supply and uncertainty over demand, offsetting optimism that the Federal Reserve’s recent rate reduction might spur consumption. High production levels worldwide, refinery turnarounds, and swelling US distillate stocks all limited upside potential. Ongoing Ukrainian attacks on Russian energy facilities and discussions of possible international duties provided some support, though oversupply worries dominated. Traders also monitored geopolitical dynamics involving the US, China, and India that could impact Russian crude exports. A firmer dollar further weighed on oil, while evidence of a cooling labor market and weaker economic growth muted hopes for a strong rebound despite the Fed’s quarter-point rate cut.
 

Natural Gas

Natural Gas futures for October settled down -$.051 or -1.735% at $2.888. Natural gas prices dropped today, hitting their lowest level in more than three weeks as comfortable storage levels and milder weather forecasts dampened consumption expectations. Strong output earlier this year enabled larger injections, leaving inventories roughly 6% above the seasonal norm. Government data on Thursday showed a 90 Bcf increase in storage for the week ending September 12, compared with 56 Bcf a year ago and a typical five-year build of 74 Bcf, with cooler conditions holding down both heating and cooling demand. Meanwhile, production across the Lower 48 has eased slightly in September to 107.4 Bcf per day from August’s peak of 108.3, while LNG shipments slipped to 15.7 Bcf per day. Forecasts call for above-average warmth through early October.
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