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• Rising oil sands output pressures Canadian crude prices
  Heavy Western Canadian Select for January delivery traded at a $13 per...
  Heavy Western Canadian Select for January delivery traded at a $13 per barrel discount to West Texas Intermediate on Tuesday, the largest since March, as oil sands production rebounds and pipeline constraints reappear. US Gulf Coast pricing shows a similar pattern, with Canadian barrels priced about $4.55 below WTI, the widest spread since January. The increased Canadian production is hitting a global market already struggling with oversupply, soft demand and weakening crude benchmarks.
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• ⚽️ The World Cup draw’s gonna be a whole thing today
  Today, at noon EST, the 2026 World Cup draw kicks off in Washington,...
  Today, at noon EST, the 2026 World Cup draw kicks off in Washington, DC, with celebrity guests like Wayne Gretzky, Tom Brady, Shaquille O’Neal, and a new system that makes explaining Magic: The Gathering rules to your mom seem easy.
  
  It’s big. FIFA expanded next year’s World Cup tournament—set to take place in June in the US, Canada, and Mexico—from the usual 32 nations to 48. And because six spots won’t be finalized until the end of March, there will technically be a record 64 teams included in today’s draw.
  
  Here’s how it works:
  
  ⚽️ Each team has already been placed into one of four pots based on their FIFA ranking.
  
  ⚽️  A ball, each corresponding to a specific country, is drawn live to determine which group each team will be placed in. Countries will play the other three teams in their group to determine who advances to a knockout-style “Round of 32.”
  
  ⚽️  This year’s system was tweaked so that, for the first time, the top four teams (Spain, Argentina, France, and England) can’t play each other until the semifinals.
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• ☕️What Else is Brewing Friday Morning
  Markets: Following a volatile trading session that...
  Markets: Following a volatile trading session that had more direction changes than a dog with the zoomies, stocks ultimately ended the day flat. All eyes are now on today’s release of new inflation data ahead of an expected interest rate cut by the Fed next week. Elsewhere, Dollar General had a massive day after raising its forecast, as shoppers hunted for bargains.
  
  CDC advisers voted to delay yesterday’s planned vote on restricting hepatitis B vaccinations for infants until today in order to give them more time to examine the wording.
  
  Kalshi struck a deal with CNBC to provide the network with access to its prediction data, days after it made a similar arrangement with CNN.
  
  Amazon is considering ending its contract with the USPS and expanding its own delivery network, The Washington Post reported.
  
  Russia banned Snapchat and Apple’s FaceTime, according to Interfax, adding two more popular services to the country’s list of restricted Western platforms that already includes Facebook, Instagram, and X.
  
  The 2028 LA Olympics and Paralympics have inked more than $2 billion in sponsorship deals, eclipsing the 2024 Paris games more than two years ahead of the event, organizers said.
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• US LNG margin squeeze threatens export growth
  Profitability is tightening for US liquefied natural gas exporters as...
  Profitability is tightening for US liquefied natural gas exporters as rising Henry Hub prices run up against weaker global benchmarks. The spread between Henry Hub and European TTF prices has shrunk to about $4.70 per million British thermal units, its narrowest in more than four years, according to LSEG. Analysts warn many US LNG export contracts turn unprofitable below a $4 spread, and margins under $2 could force operators to scale back output.
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• DAILY OIL PRICE: December 4, 2025
  Crude Oil: 59.67   (+0.72)....
  
  
  • Crude Oil: 59.67   (+0.72).
  
  
  • Nymex MTD AVG: 59.1450.
  
  
  • Natural Gas: 5.063   (+0.068).
  
  
  • Gasoline: 1.8271   (-0.0001).
  
  
  • Spreads: January/February (+0.36)     February/March (+0.25).
  
  
  • Plains WTI Posting: 56.15   (+0.72).
  
  

  
  Source: Odessa American
  
  
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