Coquest

Your Daily Energy Report for December 1, 2025

Posted on 2025-12-01

Crude Oil

Crude Oil futures for January settled up $.77 or 1.315% at $59.32. Oil prices climbed on Monday, following an announcement from OPEC+ confirming that it will keep its previously signaled pause on output hikes in place through the first quarter of next year. The alliance reiterated the three-month freeze it first outlined in early November as it deals with choppy consumption patterns and worries that the market could tip into surplus in 2025. Traders were also digesting new geopolitical tensions after President Trump sharpened his tone toward Venezuela over the weekend, at one point suggesting the nation’s airspace should be treated as off-limits before later walking back the remark. Even with the uptick, crude’s gains remain limited by hopes for progress on a potential Russia-Ukraine settlement, which could eventually ease restrictions on Russian barrels and increase global availability. November ultimately marked the fourth straight month of losses for oil, with ongoing fears of excess supply weighing on the market.

​​​​​Natural Gas

Natural Gas futures for January settled up $.071 or 1.464% at $4.921. Natural gas prices rose today, building on a November rally of more than 15%. Continued bouts of cold weather are lifting consumption, with a sharp chill forecast to grip the Northeast and Great Lakes in the December 3–7 window. Outlooks suggest these areas will stay colder than usual through much of the month. Strong LNG activity is also supporting the market. US export volumes hit about 10.7 million tons in November, up roughly 40% from the same period last year. On the supply side, government figures showed an 11 bcf withdrawal from storage for the week ending November 21, marking a second consecutive draw and underscoring tightening fundamentals as the new month gets underway.
​​​​
Continue reading the full Coquest Daily Report.

---