EMD011 - Market Update

11/09/2025 4 min
EMD011 - Market Update

Listen "EMD011 - Market Update"

Episode Synopsis


Energy Markets Daily's Market Update following yesterday's pivotal EIA Weekly Petroleum Status Report. Opening price snapshot: WTI $63.64/bbl (-0.05% daily, -7.73% YoY), Brent $67.46/bbl (-0.05% daily, -6.27% YoY), Henry Hub $3.02/MMBtu (-0.36% daily, +28.04% YoY). Critical EIA results: Crude inventories +3.9M barrels to 424.6M barrels (vs -1M expected), gasoline stocks +1.5M barrels, distillate stockpiles +4.7M barrels, Cushing storage -365,000 barrels. Geopolitical factors: European TTF above €33/MWh, Israeli strikes in Qatar, Russian drone attacks on Ukraine, Europe's storage at 79.6% capacity. Institutional outlook: EIA projects Brent declining to $59/bbl Q4 2025, $50/bbl early 2026, global oil inventories rising 2M+ bpd through Q1 2026.