Coquest

Your Daily Energy Report for December 8, 2025

Posted on 2025-12-08

Crude Oil

Crude Oil futures for January settled down -$1.20 or -1.997% at $58.88. Oil prices slipped on Monday, though the overall market remained fundamentally driven by the persistent geopolitical risk premium. A primary driver of concern remains the enduring Ukraine conflict, which, alongside the continued targeting of energy infrastructure, significantly reduces the prospects for immediately restoring Russian supply. Traders are also paying close attention to the potential for further U.S. action against Venezuela's oil sector, which analysts warn could put millions of barrels of crude output at risk globally. Further upward momentum was generated by anticipation of an upcoming U.S. rate cut, a move expected to stimulate economic activity and increase overall oil demand. Despite these bullish drivers, prices remain sensitive to concerns about weak demand and oversupply.

​​​​​Natural Gas

Natural Gas futures for January settled down -$.377 or -7.128% at $4.912. Natural gas prices dropped today, erasing gains from last week's surge, as the market reacted strongly to new forecasts for milder weather over the subsequent two weeks. This price drop was compounded by the fact that near-record production continues, with the average gas output in the Lower 48 states rising to 109.7 billion cubic feet per day in December, narrowly surpassing the prior monthly record set in November. Consequently, this strong supply push has allowed companies to substantially stockpile more gas than usual, leaving current inventories about 5% above normal for this time of year. While LSEG still projects average demand, including exports, to rise next week to 146 bcfd from the current 143.8 bcfd, meteorologists suggest that near-normal weather through December 23 will keep heating demand relatively subdued.
​​​​
Continue reading the full Coquest Daily Report.

---