Sign up to save your podcasts
Or
Share Weekly Recap: Week 6
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Weekly Recap: Week 6
Welcome to Energy Markets Daily. Friday, February 6, 2026 — Weekly Recap: Week 6.
THE WEEK THAT WAS: Crude got crushed. Gas held ground. The decoupling thesis played out perfectly.
CRUDE OIL RECAP: WTI crashed 5% Monday from $66.51 to $62.25. US-Iran diplomatic shift and OPEC+ holding the line triggered the selloff. Bounced to $63.59 mid-week, then consolidated at $63.20 by Thursday.
The bounce stalled exactly where we called it. $63-64 resistance held.
EIA data confirmed the setup: crude inventories down 3.5 million barrels, but gasoline inventories hit 257.9 million. Highest since June 2020. Demand destruction hiding in the details. Refinery utilization dropped to 90.5%.
OPEC+ held virtual meeting Feb 1. Production pause through March confirmed. Saudi at 10.1 million bpd, Russia at 9.57 million. They're trapped.
EIA projects $52 average for 2026. We're trading at a 17% premium. The thesis: short rallies above $65.
NATURAL GAS RECAP: Henry Hub ranged from $3.34 to $3.46 this week. Storage draw for week ending Jan 30 came in massive at 379 Bcf.
LNG flows averaging 18.3 bcfd in February, approaching December's record. Golden Pass LNG online mid-2026. Structural demand locked.
EIA holds $3.50 avg for 2026, $4.60 for 2027. Morgan Stanley sees above $5.
The thesis: accumulate in the $3.30-$3.50 zone. Weather pulled us back. Gift.
WEEK 7 OUTLOOK: Watch crude for continued resistance at $63-64. Any rally toward $65 is an exit. Gas remains a buy on dips. LNG demand is structural. The decoupling continues.
Trade the data. Not the headlines.
For energy opportunities: [email protected]
View all episodes
By EMDWelcome to Energy Markets Daily. Friday, February 6, 2026 — Weekly Recap: Week 6.
THE WEEK THAT WAS: Crude got crushed. Gas held ground. The decoupling thesis played out perfectly.
CRUDE OIL RECAP: WTI crashed 5% Monday from $66.51 to $62.25. US-Iran diplomatic shift and OPEC+ holding the line triggered the selloff. Bounced to $63.59 mid-week, then consolidated at $63.20 by Thursday.
The bounce stalled exactly where we called it. $63-64 resistance held.
EIA data confirmed the setup: crude inventories down 3.5 million barrels, but gasoline inventories hit 257.9 million. Highest since June 2020. Demand destruction hiding in the details. Refinery utilization dropped to 90.5%.
OPEC+ held virtual meeting Feb 1. Production pause through March confirmed. Saudi at 10.1 million bpd, Russia at 9.57 million. They're trapped.
EIA projects $52 average for 2026. We're trading at a 17% premium. The thesis: short rallies above $65.
NATURAL GAS RECAP: Henry Hub ranged from $3.34 to $3.46 this week. Storage draw for week ending Jan 30 came in massive at 379 Bcf.
LNG flows averaging 18.3 bcfd in February, approaching December's record. Golden Pass LNG online mid-2026. Structural demand locked.
EIA holds $3.50 avg for 2026, $4.60 for 2027. Morgan Stanley sees above $5.
The thesis: accumulate in the $3.30-$3.50 zone. Weather pulled us back. Gift.
WEEK 7 OUTLOOK: Watch crude for continued resistance at $63-64. Any rally toward $65 is an exit. Gas remains a buy on dips. LNG demand is structural. The decoupling continues.
Trade the data. Not the headlines.
For energy opportunities: [email protected]