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• DAILY OIL PRICE: December 10, 2025
  Crude Oil: 58.46   (+0.21)....
  
  
  • Crude Oil: 58.46   (+0.21).
  
  
  • Nymex MTD AVG: 59.2410.
  
  
  • Natural Gas: 4.595   (+0.021).
  
  
  • Gasoline: 1.7815   (-0.0082).
  
  
  • Spreads: January/February (+0.16)     February/March (+0.14).
  
  
  • Plains WTI Posting: 54.94   (+0.21).
  
  

  
  Source: Odessa American
  
  
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• Stock Market Closing Report - Wednesday, December 10, 2025
  U.S. stocks rallied on Wednesday following the Federal Reserve's third...
  U.S. stocks rallied on Wednesday following the Federal Reserve's third consecutive interest rate cut, with the Dow surging back above 48,000 and small-cap stocks hitting a record high.
  
  Dow Jones Industrial Average: jumped 497.46 points (+1.1%) to close at 48,057.75
  
  S&P 500: advanced 0.7% to end at 6,886.68, briefly trading above its previous record closing high of 6,890.89
  
  Nasdaq Composite: increased 0.3% to close at 23,654.16
  
  Russell 2000: hit a fresh all-time high, rising about 1.5%
  

  Federal Reserve Decision: The Fed approved another quarter-percentage-point cut, bringing the federal funds rate to a range of 3.5%-3.75%, marking its third consecutive rate cut. However, the decision came with unusual internal division - three dissenting votes pulled in opposite directions, with some wanting a larger cut and others favoring no cut at all.

  
  

  The Fed's updated projections suggest a more cautious path forward, with the "dot plot" indicating only one additional quarter-point cut expected in 2026, signaling a slower pace of easing ahead.

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• Peer-to-peer M&A seen gaining traction in US shale patch
  The push for greater scale and efficiency is setting the stage for another...
  The push for greater scale and efficiency is setting the stage for another round of consolidation among small and midsize US shale producers as competition intensifies and high-quality assets become scarce, according to Rystad Energy. Potential movers include Permian Resources, HighPeak, Matador and Chord, while Coterra Energy, Devon Energy and Ovintiv could also pursue deals to optimize portfolios. "Most assets on the market range between $500 million and $1 billion and lack both quality inventory and significant production value, making investments unlikely to increase scale for buyers looking to grow inorganically," said Rystad's Vice President of Oil and Gas M&A Atul Raina.
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• AI may usher in new era for oil recovery
  AI could unlock an additional 1 trillion barrels of previously unrecoverable...
  AI could unlock an additional 1 trillion barrels of previously unrecoverable oil by improving efficiency and sharpening reservoir analysis, according to Wood Mackenzize. "The sky is the limit in terms of the production. The days of predicting peak oil are long gone," said American Petroleum Institute President and CEO Mike Sommers. However, analysts note AI may not meaningfully alter demand patterns or downstream emissions, even as it reshapes expectations for future supply.
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• API: US Crude Inventories Fall Further
  The American Petroleum Institute (API) estimated...

  The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large draw of 4.8 million barrels in the week ending December 5. Crude oil inventories shrank by 2.48 million barrels in the week prior.

  
  Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) have risen by 200,000 barrels to 411.9 million barrels in the week ending December 5 as the Trump Administration slowly works to replenish depleted stockpiles.
  
  US production stayed relatively flat during the week of November 28, rebounding just slightly from 13.814 million bpd in the week prior, to 13.815 million bpd in the current week, according to the latest EIA data. This is 252,000 bpd more than the beginning-of-the-year levels.
  
  Gasoline inventories saw a sizeable increase of 7 million barrels in the week ending December 5. In the week prior, gasoline inventories grew by 3.14 million barrels. As of last week, gasoline inventories were 2% below the five-year average for this time of year, according to the latest EIA data.
  
  Distillate inventories also rose in the reporting period, gaining 1 million barrels, compared to the week prior’s 2.88-million-barrel build. Distillate inventories were 7% below the five-year average as of the week ending November 28, the latest EIA data shows.
  
  Cushing inventory—the inventory kept at the delivery hub for the WTI Crude futures contract—dipped by 890,000 barrels, after falling by 89,000 barrels in the prior week.
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