Coquest

Your Daily Energy Report for October 9, 2025

Posted on 2025-10-09

Crude Oil

Crude Oil futures for November settled down -$1.04 or -1.663% at $61.51. Oil prices fell on Thursday, fluctuating within a narrow range as tensions in the Middle East showed signs of easing. President Trump announced progress in negotiations, saying Israel and Hamas had agreed to the initial stage of a peace arrangement that involves the release of hostages in Gaza. The talks, brokered with help from Qatar, are seen as the most significant step yet toward ending a conflict that has dragged on for two years. Israeli Prime Minister Netanyahu stated he would call a cabinet meeting to ratify the truce, while Trump hinted he might soon travel to Israel. On the market front, government data showed U.S. oil stockpiles increased for a second week, though overall inventories stayed near typical seasonal lows. Supplies at Cushing and refined fuel holdings slipped, and demand indicators climbed to nearly 22 million barrels a day, the strongest level since late 2022.
 

Natural Gas

Natural Gas futures for November settled down -$.064 or -1.92% at $3.269. Natural gas prices pulled back today after storage additions came in stronger than expected. Government figures showed an 80 bcf injection for the week ending October 3, topping the market’s 77 bcf estimate and slightly above the 78 bcf build seen a year earlier, though still under the five-year norm of 94 bcf. Production from the Lower 48 averaged 106.3 bcfd in early October, down from 107.4 bcfd last month. Even so, this year’s record output has enabled heavier-than-usual injections, leaving inventories about 5% higher than typical seasonal levels. LNG exports also strengthened, averaging 16.1 bcfd so far in October versus 15.7 bcfd in September. Weather outlooks point to near-normal conditions across most of the U.S. through October 24.
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