The global energy market woke up on November 25 to a mixed mood—some fuels cooling off while others quietly gained strength.
Crude Oil continued its downward slide, dipping 0.19% for the day and extending its monthly losses to over 4%. At $58.72 per barrel, the commodity seemed weighed down by persistent oversupply concerns and slowing demand forecasts. Its cousin, Brent, also struggled, falling 0.30% to $63.18, deepening its year-to-date decline.
Meanwhile, Natural Gas told a very different story. Even with a slight daily dip of 0.86%, gas prices are riding a powerful momentum—up 16% for the month and an impressive 27% year-to-date. Seasonal demand and tighter inventories kept the fuel in a bullish zone.
Downstream fuels echoed crude’s weakness. Gasoline slipped 0.23%, tracking a nearly 5% weekly loss, reflecting softer consumption patterns. Heating Oil, however, offered a glimmer of resilience. Despite heavy weekly losses earlier (-10.59%), it managed a modest 0.40% rise today, supported by winter demand expectations.
Across the board, the day painted a picture of divergent trajectories—oil and gasoline softening under global economic pressures, while natural gas and heating oil show selective strength.
The energy market, as always, remains a dance of volatility, seasonality, and sentiment—and this week was no different.
