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• DAILY OIL PRICE: November 24, 2025
  Crude Oil: 58.84   (+0.78). Nymex MTD AVG: 59.6967....
  
  
  • Crude Oil: 58.84   (+0.78).
  
  
  • Nymex MTD AVG: 59.6967.
  
  
  • Natural Gas: 4.549   (-0.031).
  
  
  • Gasoline: 1.8966   (+0.0132).
  
  
  • Spreads: January/February (+0.25)     February/March (+0.18).
  
  
  • Plains WTI Posting: 55.32   (+0.78).
  
  

  
  Source: Odessa American
  
  
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• Nasdaq and S&P 500 see largest two-day gain since May, as stocks end Monday higher
  Here's your stock market summary for today, Monday,...

  Here's your stock market summary for today, Monday, November 24, 2025: The S&P 500 rose 1.5%, notching its best day in six weeks, while the tech-heavy Nasdaq 100 ended Monday's session more than 2% higher, gaining the most since May Bloomberg.

  
  

  Multiple factors fueled today's rally:

  
  

  Fed Rate Cut Optimism: Markets entered the week with growing confidence in a December rate cut. Futures pricing suggests roughly a 70% probability after dovish remarks last week from New York Fed President John Williams TS2.

  
  

  Tech Rebound: Google (GOOGL), Broadcom (AVGO), Palantir (PLTR), and Tesla (TSLA) are all up by over 5% TipRanks. Alphabet shares climbed around 5% after positive reaction to the company's newly unveiled Gemini 3 AI model, making it the single largest positive contributor to the S&P 500's gains TS2.

  
  

  Wall Street Optimism: Deutsche Bank set its 2026 S&P 500 price target to a street-high of 8,000, citing lower interest rates and easing trade uncertainty as positive catalysts TipRanks.

  
  

  US-China Relations: President Trump spoke with Chinese President Xi Jinping this morning, with Trump saying the relationship between the two countries is "extremely strong," and Chinese state media reporting that relations "have generally remained stable and improved" TipRanks.

  
  

  This rally comes as investors recover from a difficult November, which saw concerns about AI stock valuations and stretched tech multiples. The market is kicking off a shortened Thanksgiving week with renewed optimism, though volatility remains elevated as traders await key economic data later this week.

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• Data center load forecasts may be overstated, report says
  Uncertainties related to data centers are making load growth estimation...
  Uncertainties related to data centers are making load growth estimation exceedingly complex, with some forecasts relying on unrealistically high load factors. US utility peak load growth forecasts have surged from 24 GW to 166 GW over the past three years, although the data center portion might be overstated by 25 GW, according to a report from Grid Strategies. The actual trajectory of load growth will hinge on whether projects proceed as planned and how emerging demand from sectors like industry and transportation materializes.
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• US South gears up for biggest gas line buildout since 2008
  Energy Information Administration data analyzed by Bloomberg show that...
  Energy Information Administration data analyzed by Bloomberg show that 12 new pipeline builds or expansions in Texas, Louisiana and Oklahoma are due to lift US Gulf Coast gas transport capacity by 13% when they come online next year, marking the region's largest annual gas transport capacity expansion since 2008. The projects, led by companies such as Enbridge, Kinder Morgan and Energy Transfer, will supply new LNG export terminals and alleviate severe bottlenecks in the Permian Basin, where oversupply has frequently pushed regional prices below zero. A similar wave of capacity additions is expected again in 2027.
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• Ukraine peace talks yield progress after leaked plan draft raised doubts
  Secretary of State Marco Rubio provided the update yesterday after he...
  Secretary of State Marco Rubio provided the update yesterday after he attended high-stakes talks with a Ukrainian delegation in Geneva, though he declined to offer specifics. After a 28-point peace plan to end the war between Russia and Ukraine that seemed to favor the former leaked late last week, politicians from Europe, the US, and the UK mostly criticized the plan as unworkable. In a statement on Sunday night, the White House said Ukraine’s delegation in Switzerland “affirmed that all of their principal concerns—security guarantees, long-term economic development, infrastructure protection, freedom of navigation, and political sovereignty—were thoroughly addressed during the meeting.
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