Coquest

Your Daily Energy Report for December 23, 2025

Posted on 2025-12-23

Crude Oil

Crude Oil futures for February settled up $.37 or .638% at $58.38. Oil prices finished up on Tuesday following a four-day rally sparked by rising geopolitical risks. Market volatility increased after President Donald Trump confirmed efforts to intercept a new oil tanker linked to Venezuela, continuing a strategy to capture vessels and cargo to pressure the administration of Nicolas Maduro. While the global market share of Venezuelan petroleum is less than 1%, these seizures specifically threaten the financial lifeline of the Maduro regime. Across the Atlantic, the conflict intensified as Ukraine targeted Russian energy infrastructure in the Black Sea region, damaging maritime equipment and transit routes. Despite these supply threats, analysts expect an annual decline for the commodity as a massive swelling surplus looms over the upcoming year.

​​​​​Natural Gas

Natural Gas futures for January settled up $.443 or 11.173% at $4.408. Natural gas prices surged on Tuesday, fueled by a combination of tightening supplies and technical buying. Market dynamics shifted as LNG demand hit a historic high of 18.6 Bcf/d, while an updated cold weather forecast for the East Coast prompted traders to exit bearish positions. Currently, the market is testing the $4.453 resistance zone, a level that analysts believe is crucial for maintaining the current bullish trajectory into the winter. However, the rally faces pressure from massive production levels of 111.1 Bcf/d, which continues to exceed typical seasonal averages. This collision of record export pull and heavy domestic output suggests that the price momentum may struggle to endure if warmer conditions return in early January.
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