Energy Markets Daily

Welcome to Energy Markets Daily. Wednesday, January 7, 2026 — Market Update. **CRUDE OIL:** WTI at $57.13, down 0.2%. Brent at $60.53, down 0.3%. Soft trading amid oversupply fears. OPEC+ locked in Q1 output freeze—1.65 million bpd voluntary cuts hold through Feb/March. Exactly as predicted. IEA surplus at 3.8 million bpd for 2026. Non-OPEC supply growth from US, Brazil, Canada, Guyana relentless....

Welcome to Energy Markets Daily. Tuesday, January 6, 2026 — Technicals. Let's look at the charts after OPEC+ froze output. **CRUDE OIL** WTI near $57.32, testing support around $57.92. Key support at $55 remains critical. Resistance at $58.09, then major $62. 50-day MA above price confirms bearish bias. RSI mixed. **BRENT** Resistance cluster 59.49-59.07 holding. Support $57.95-57.67 tested. Trend...

Welcome to Energy Markets Daily. Monday, January 5, 2026 — Strategic Positioning. Week two of 2026. Let's set the stage. **CRUDE OIL** WTI at $57.02, down 0.53% from Friday. Brent at $60.54, down 0.35%. Both continuing the soft start to 2026. **OPEC+ MEETING RESULTS** The January 4 meeting delivered exactly what we expected — no change. Eight key producers including Saudi Arabia, Russia, Iraq, UAE...

Welcome to Energy Markets Daily. Friday, January 2, 2026 — Weekly Recap. First trading day of the new year. Let's kick off 2026. **CRUDE OIL** WTI at $57.41, down 0.54% on the day. Brent at $60.85, down 0.78%. A muted start to the year. Markets digesting the 2025 damage — WTI down 20%, Brent down 17-19% for the year. **THE WEEK THAT WAS** Monday we covered strategic positioning coming back from th...

Welcome to Energy Markets Daily. Thursday, January 1, 2026 — New Year's Day. Happy New Year. Markets are closed today. A quick note to kick off 2026. **WHERE WE STAND** WTI closed 2025 near $57, down approximately 20% for the year. Brent near $61, down around 17-19%. Crude oil's worst year since 2020. Natural gas closed near $3.91, up over 50% from 2025 lows. Our decoupling thesis — short crude, l...

Welcome to Energy Markets Daily. Wednesday, December 31, 2025 — Year in Review. Happy New Year's Eve. Let's close out 2025. **THE 2025 SCORECARD — CRUDE OIL** WTI finishing the year near $57, down approximately 20% from January highs. Brent near $61. This was crude oil's worst year since 2020. Our bearish thesis played out exactly as we called it. We targeted WTI $56, Brent $60 — we hit both. WTI...

Welcome to Energy Markets Daily. Tuesday, December 30, 2025 — Technicals. Year-end positioning. Let's look at the charts. **CRUDE OIL** WTI at $57.15, down 0.17% from yesterday. Brent at $60.85, down slightly. Both in consolidation mode heading into year-end. **WTI TECHNICALS** Trading in a narrow range between $55 and $59. The $55 level is critical support — we tested it earlier this month at $55...

Welcome to Energy Markets Daily. Monday, December 29, 2025 — Strategic Positioning. We're back from the holidays. Let's set the stage for year-end and 2026. **CRUDE OIL** WTI at $57.33, up 1% on the day. Brent at $61. Both on track for their steepest annual decline since 2020 — WTI down over 20% for the year. **THE 2025 STORY** Our bearish thesis played out exactly as we called it. WTI hit $55.28...

Welcome to Energy Markets Daily. Friday, December 26, 2025 — Geographic Feature: Ohio. Quick note — our team is out of the office for the holidays, so we're doing geographic features this week. Regular programming returns Monday, December 29th. Today: Ohio — the Utica Shale's quiet giant. **NATURAL GAS PRICES** Ohio seeing the impact of higher winter prices. Enbridge Gas Ohio's Standard Choice Off...

Welcome to Energy Markets Daily. Thursday, December 25, 2025 — Geographic Feature: Newfoundland. Quick note — our team is out of the office for the holidays, so we're doing geographic features this week. Regular programming returns Monday, December 29th. Merry Christmas. Today: Newfoundland — Canada's Atlantic offshore frontier. **THE BIG PICTURE** Newfoundland and Labrador's offshore oil producti...

Welcome to Energy Markets Daily. Wednesday, December 24, 2025 — Geographic Feature: Australia. Quick note — our team is out of the office for the holidays, so we're doing geographic features this week. Regular programming returns Monday, December 29th. Merry Christmas Eve. Today: Australia — the Pacific energy powerhouse. **LNG MARKETS** Gladstone LNG prices at $9.01 per MMBtu, down from $12.90 in...

Welcome to Energy Markets Daily. Tuesday, December 23, 2025 — Geographic Feature: Texas. Quick note — our team is out of the office for the holidays, so we're doing geographic features this week. Regular programming returns Monday, December 29th. Today: Texas — the heartbeat of American energy. **THE NUMBERS** Texas accounts for over 42% of US crude oil production and nearly 30% of US marketed nat...

Welcome to Energy Markets Daily. Monday, December 22, 2025 — Strategic Positioning. Holiday week. Let's set the stage. **CRUDE OIL** WTI at $57.08, up slightly. Brent at $61.03. Both bouncing off last week's lows but the trend remains bearish. Geopolitical tensions providing short-term support — US intercepted a Venezuelan tanker, Russia-Ukraine conflict continues. But fundamentals haven't changed...

Welcome to Energy Markets Daily. Friday, December 19, 2025 — Weekly Recap. Let's close out the week. **THE BIG PICTURE** This was the week our thesis was fully validated. WTI hit $55.28 on Thursday. Brent broke below $60 to $59.73. We called WTI $56, Brent $60. We're there. **CRUDE OIL WEEKLY PERFORMANCE** WTI down 5.41% for the month, down 19.22% year-over-year. Brent down 5.52% monthly, down 17....

Welcome to Energy Markets Daily. Thursday, December 18, 2025 — EIA Inventory Report. The EIA just released its weekly petroleum status report. Here's what you need to know. **CRUDE OIL PRICES** WTI at $55.28, down sharply. Brent at $59.73, up 1.38% on the day but still under pressure. We are now trading at our targets. **CRUDE INVENTORIES** U.S. commercial crude inventories decreased by 1.3 millio...

Welcome to Energy Markets Daily. Wednesday, December 17, 2025 — Macro Context. Let's zoom out. **CRUDE OIL** WTI at $56.09, Brent at $59.57. Both rebounding slightly from yesterday's lows. WTI touched $55.75 overnight — within striking distance of the critical $55 support. Brent broke below $60 briefly. Our targets were WTI $56, Brent $60. We're there. **THE MACRO PICTURE** The Fed cut 25bp last w...

Welcome to Energy Markets Daily. Tuesday, December 16, 2025 — Technicals. Let's read the charts. **CRUDE OIL** WTI crashed to $56.40, lowest since early 2021. Brent at $60.32, down 0.40%. **WHAT HAPPENED** Russia-Ukraine peace talks raised hopes for eased sanctions. China disappointed with slowing industrial output and retail sales. Demand concerns from the world's largest importer. **WTI TECHNICA...

Welcome to Energy Markets Daily. Monday, December 15, 2025 — Strategic Positioning. New week. Let's set the stage. **CRUDE OIL** WTI at $57.75, up 0.54%. Brent at $61.47, up 0.58%. Modest bounce on geopolitics — US pressure on Venezuela, Ukraine drone strikes on Russian oil depots. But the fundamentals haven't changed. WTI down 3.53% monthly, down 17.84% year-over-year. Brent down 4.25% monthly, d...

Welcome to Energy Markets Daily. Friday, December 12, 2025 — Weekly Recap. Let's close out the week. **THE BIG STORY** The Fed cut rates 25bp to 3.50%-3.75%. But Rystad says it won't move oil — fundamentals dominate. Supply growth and surplus outweigh monetary policy. **CRUDE OIL** WTI fell 2% to $57.30, near seven-week lows. Brent at $61.10. WTI down 1.27% monthly, down 17.52% year-over-year. Bre...

Welcome to Energy Markets Daily. Thursday, December 11, 2025 — OPEC Monthly Oil Market Report. OPEC just released its December report. Here's what you need to know. **CRUDE OIL PRICES** WTI at $57.80, down from $58.44 yesterday. Brent at $62.59. Both under pressure. **OPEC'S DEMAND OUTLOOK** OPEC cut its 2025 global oil demand growth forecast to 1.45 million barrels per day — down 90,000 bpd from...

Welcome to Energy Markets Daily. Wednesday, December 10, 2025 — EIA Short-Term Energy Outlook. The EIA just dropped its December STEO. Here's what you need to know. **PRICES TODAY** WTI at $58.37. Brent at $62.03. Both basically flat as markets digest the Fed and EIA. Natural gas at $4.56, down 0.30% on the day but still up 35% year-over-year. **CRUDE OIL: EIA'S OUTLOOK** EIA raised its 2025 US cr...

Welcome to Energy Markets Daily. Tuesday, December 9, 2025 — Fed Decision Day. The main event is here. FOMC concludes today. **THE FED** 80-90% odds of a 25bp rate cut. Fed funds rate expected to drop from 3.75%-4% to 3.50%-3.75%. Watch Chair Powell's press conference and dot plot for 2026 guidance. **CRUDE OIL** WTI at $58.79. Brent at $62.88. Prices pulled back from two-week highs. Rising global...

Welcome to Energy Markets Daily. Monday, December 8, 2025 — Strategic Positioning. New week, big catalysts ahead. Let's set the stage. **CRUDE OIL** WTI at $60.23, up 0.25%. Brent at $63.91, up 0.25%. Both near two-week highs. Geopolitics driving: Ukraine war, potential US-Venezuela intervention, Russian sanctions. But oversupply caps gains. OPEC November output at 28.40 million bpd. OPEC+ paused...

Welcome to Energy Markets Daily. Friday, December 5, 2025 — Weekly Recap. Let's close out the week. **CRUDE OIL - THE WEEK** WTI is trading at $59.70, up nearly 2% for the week. Brent at $63.11. Both benchmarks posted weekly gains despite bearish EIA data showing inventory builds. What drove the rally? Geopolitics. Ukraine struck the Druzhba pipeline. Stalled US-Russia peace talks. And escalating...

Welcome to Energy Markets Daily. Thursday, December 4, 2025 — EIA Inventory Report. The data just dropped. Let's break it down. **CRUDE OIL INVENTORIES** Commercial crude inventories rose 0.6 million barrels to 427.5 million barrels. That's 3% below the five-year average. The API had estimated a draw of 2.48 million barrels. The EIA came in bearish. Cushing, Oklahoma stockpiles unchanged at 21.8 m...