Coquest

Your Daily Energy Report for November 11, 2025

Posted on 2025-11-11

Crude Oil

Crude Oil futures for December settled up $.91 or 1.513% at $61.04. Oil prices rose on Tuesday, marking a third straight day of gains, as optimism grew that the prolonged U.S. government shutdown could soon be resolved and fuel demand remained firm. The 42-day closure may be nearing its end after the Senate approved a short-term funding bill, with a House vote expected midweek. Strength in refined product prices, including gasoline and diesel, also lent support, while traders noted that a move above key chart levels could trigger additional technical buying. At the same time, U.S. sanctions targeting major Russian oil producers tied to the Ukraine conflict appear to be impacting flows, reports indicate a third consecutive weekly decline in Russia’s seaborne crude exports, and Lukoil has reportedly declared force majeure on shipments from its West Qurna 2 site in Iraq.
 

Natural Gas

Natural Gas futures for December settled up $.227 or 5.233% at $4.565. Natural gas prices surged on Tuesday, the strongest level since late 2022, as traders priced in expectations for a colder December and increased power demand, even with forecasts calling for milder weather next week. Exports continued to support the market, with gas deliveries to the eight major LNG terminals averaging 17.8 Bcf per day so far in November, up from last month’s record pace of 16.7 Bcf per day, and projected to climb further. European buyers remain active as the region continues to wean itself off Russian supply, while Washington is pushing for expanded energy cooperation with Asian nations. On the supply side, U.S. output has stayed elevated at around 109 Bcf per day this month, cushioning the market against rising export demand.
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