Coquest

Your Daily Energy Report for November 24, 2025

Posted on 2025-11-24

Crude Oil

Crude Oil futures for December settled up $.78 or 1.343% at $58.84. Oil prices rose on Monday, recovering part of the decline seen the previous week. Traders are watching developments in negotiations between Russia and Ukraine, where US-facilitated discussions have reportedly advanced, though key disputes over borders and political control still stand in the way. President Trump suggested there may be positive movement, while President Zelenskiy described the current stage as pivotal. Any breakthrough could open the door to easing restrictions on Russian energy exports, potentially adding supply to a market that is already projected to be oversupplied next year. At the same time, expectations for a potential Fed rate cut in the coming month increased after fresh remarks from Governor Waller earlier today and recent comments from the head of the New York Fed. WTI has slid more than 4% since the start of the month and is headed for its fourth consecutive monthly loss, a stretch not seen since 2023.

​​​​​Natural Gas

Natural Gas futures for December settled down -$.031 or -.677% at $4.549. Natural gas prices slipped today as hefty output and comfortable storage levels continued to cushion the market. Production in the Lower 48 has been running near all-time highs this month, averaging about 109 bcfd, well above October’s pace and topping the previous record set in late summer. That strength in supply has pushed stockpiles to roughly 4% above typical levels for this point in the season. Still, a recent cold spell triggered the first draw from storage heading into winter. Weather models suggest milder conditions will prevail through November 26 before a colder shift is expected between November 28 and December 5, which could boost consumption. LNG shipments are climbing, with feedgas deliveries to the country’s export facilities averaging around 18 bcfd so far this month.
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