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Page de couverture de Market Pulse — Tuesday: Oil, Gas, Real Estate & Credit Numbers

Market Pulse — Tuesday: Oil, Gas, Real Estate & Credit Numbers

Market Pulse — Tuesday: Oil, Gas, Real Estate & Credit Numbers

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 Welcome to Gold Dragon Daily An AI-powered podcast by Gold Dragon Investments, helping you win the game of passive investing. This is Market Pulse — Tuesday's Numbers Oil • WTI: $58.58, down 1.24% from Monday • Brent: $62.34, down 1.31% • WTI-Brent spread: $3.76 • Oil prices remained relatively stable despite market participants assessing risks connected to drone strikes on Russian energy facilities and tensions between U.S. and Venezuela • Drone attack damaged mooring point at Caspian Pipeline Consortium's Novorossiysk terminal in Black Sea, causing temporary halt in operations and supporting market • Pipeline is key route for Kazakh crude exports, averaging 1.6 million barrels daily • Operations at affected mooring currently impossible due to damage • OPEC+ reaffirmed plan to pause production increases in first quarter of 2026, which also supported market • Group confirmed three-month halt initially announced in early November • Heightened tensions between U.S. and Venezuela added risk premium to prices • Ukraine has continued strikes on Russian energy infrastructure, extending geopolitical risks to Black Sea • Technical analysis suggested upside target of $64.50, but also considered potential downtrend with target of $62.35 • J.P. Morgan Research expected Brent to reach $66 per barrel in 2025 • US EIA expected Brent to average $66 per barrel by end of 2025 • Alexander Novak, Russia's Deputy Prime Minister, stated that global oil market is generally stable but subject to volatility and geopolitical risks Gas • Henry Hub: $4.86, down 1.31% from Monday • Over past month, natural gas prices have increased 13.84%, up 59.65% compared to same time last year • NGI's National Average price escalated 65.5 cents to $4.880 on Monday • Cold temperatures boosting natural gas demand and prices • December bidweek prices popped across Lower 48 due to cold, and robust export demand intersected with regionally modest levels of supply in storage • Bitter cold spells expected to continue across much of central and eastern United States through mid-December • Wood Mackenzie estimated seven-day average production topped 110 billion cubic feet per day, up 7 billion cubic feet per day from early December 2024 and near historical peaks • EIA raised forecast for 2025 U.S. natural gas production by 1.0% to 107.67 billion cubic feet per day from September's estimate • LNG exports have been adding upward pressure on prices, with U.S. shipments reaching 10.7 million tons in November, 40% increase from previous year • LNG exports are critical balancing factor for U.S. supply • Energy firms withdrew 11 billion cubic feet of gas from storage in week ending November 21, 2025, indicating tightening supply-demand fundamentals • Regional Price Details: Chicago Citygate rallied $1.480 month-over-month to average $4.590 per MMBtu; Algonquin Citygate spiked $7.880 to $11.785; Iroquois Zone 2 soared $7.470 to $11.265; Henry Hub in Louisiana rallied $1.055 to $4.435 Real Estate • Boxing Day Bounce anticipated, with many prospective buyers and renters expected to search online for homes starting December 26 • Boxing Day predicted to be one of busiest days of year for property portals • Surge in activity expected to create momentum for housing market into new year • In US, approximately 817,000 single-family homes unsold, which is normal seasonal decline • Inventory up 15.7% compared to last year • Home prices trending below last year, influenced by increased inventory • Weekly pending home sales have been strong, averaging 8% more than last year • In New Zealand, confidence in housing market has reached 15-year high, with more people viewing it as good time to buy • Lower interest rates and increased property listings creating favorable conditions for buyers • In Quebec, real estate market has shown unexpected resilience • Residential construction has surged • Demand for existing homes remains strong, pushing prices higher, but this may moderate in coming months • Rental market is shifting, with supply growing faster than other segments Credit • SOFR was at 4.12% on December 1, 2025—same as previous market day • SOFR rate of 4.12% is higher than long-term average of 2.58% • However, it is lower than value from one year ago, which was 4.59% • SOFR is broad measure of cost of borrowing cash overnight collateralized by Treasury securities • Calculated from transaction data in US Treasury repurchase market • New York Federal Reserve publishes rate as benchmark for other debt transactions • SOFR Averages are compounded averages of SOFR over rolling 30-day, 90-day, and 180-day periods • SOFR Index measures cumulative impact of compounding SOFR on unit of investment over time • Credit markets continue to navigate new era shaped by clearing, innovation, and liquidity challenges • Federal Reserve began cutting interest rates in September 2025, with ...
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