Energy commodities experienced a period of relative stability as the holiday season neared. Trading volumes were lighter than usual, reflecting the absence of many participants who were already on vacation.

Crude Oil

Crude oil prices saw only minor fluctuations. The market appeared well-balanced, with neither strong bullish nor bearish catalysts emerging. Traders are awaiting fresh data and developments in the new year to provide direction.

Natural Gas

Natural gas prices also remained within a narrow range. Weather forecasts played a role, but overall demand was tempered by the holiday lull. Storage levels are being closely monitored.

Refined Products

Refined product markets, including gasoline and heating oil, mirrored the stability seen in crude oil. Demand was seasonally lower, and supply appeared adequate. Margins remained relatively consistent.

Looking Ahead

Market participants anticipate a return to more active trading in the new year. Economic data releases and geopolitical events will likely influence price movements in the energy sector.