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Your Daily Energy Report for November 17, 2025
Posted on 2025-11-17
Crude Oil
Crude Oil futures for December settled down -$.18 or -.30% at $59.91. Oil prices dipped to start the week, easing back after a brief rally. The rebound in prices came as shipping activity restarted at Russia’s Novorossiysk facility, which had been offline for two days following a Ukrainian drone incident. By Sunday, two oil tankers were reportedly berthed there, suggesting the port was operating again. The earlier outage at Russia’s second-largest export location had lifted crude more than 2% on Friday, helping the market finish the week slightly higher. At the same time, President Trump said over the weekend that Republicans are preparing legislation aimed at penalizing any nation conducting commerce with Russia, and he hinted that Iran could be included in those measures. Despite the political noise, sentiment in the crude market remains soft, with traders anticipating oversupply later this year and into next as producers inside and outside OPEC continue to ramp up output while demand growth decelerates.
Natural Gas
Natural Gas futures for December settled down -$.205 or -4.49% at $4.361. Natural gas slipped today, pressured by outlooks calling for milder conditions heading into late November and early December. Robust LNG export activity is still acting as a floor for the market, but weather trends are keeping traders uncertain. NatGasWeather noted that while the Northeast will see a short burst of chilly air early in the week, most regions are expected to trend warmer heading into the weekend. With temperatures projected to run above seasonal norms across much of the country, near-term consumption is expected to be only average and likely to weaken afterward. The latest storage update from the EIA, released Thursday, showed inventories rising by 45 Bcf for the week ending November 7, matching analysts’ estimates and underscoring a fairly loose supply-demand setup.
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