Coquest

Your Daily Energy Report for November 26, 2025

Posted on 2025-11-26

Crude Oil

Crude Oil futures for December settled up $.70 or 1.208% at $58.65. Oil prices rose slightly on Wednesday, staying close to their lowest levels in about a month as expectations for higher output kept the market under pressure. Hopes for progress on a possible peace deal involving Ukraine, which could loosen limits on Russian crude, also weighed on sentiment. President Trump noted that only a handful of issues remained unresolved, and President Zelenskiy signaled to European officials that he was prepared to advance a US-supported plan to end the conflict. In addition, new EIA figures showed domestic crude stockpiles climbed by roughly 2.8 million barrels last week, surprising analysts who had anticipated a modest drawdown, while American exports of refined fuels reached a new peak.

​​​​​Natural Gas

Natural Gas futures for December settled up $.077 or 1.718% at $4.558. Natural gas prices climbed on Wednesday, supported by expectations for stronger demand and a larger-than-anticipated draw from storage. Weather models point to mostly colder-than-normal conditions through December 10, which could keep consumption elevated. LNG shipments are also trending higher, with the major US export facilities collectively sending out about 18 bcfd this month, up from the previous record near 16.6 bcfd in October. Recent figures confirmed that gas stocks declined more than analysts projected during the second week of withdrawal season. Even so, output remains exceptionally strong and storage levels are healthy. Production in the Lower 48 has averaged nearly 110 bcfd in November, topping both October’s pace and the prior record set in August, leaving inventories roughly 5% above typical levels for this time of year.
​​​​
Continue reading the full Coquest Daily Report.

---