Global oil demand dropped by 614,000 barrels per day in December versus November 2025, and was 536,000 bpd lower than a year earlier, with weaker U.S. consumption a key driver, according to JODI data compiled by the IEF. At the same time, global supply expanded sharply, as December 2025 oil output was up by about 2 million bpd year over year, a combination that could weigh on prices for Oil – Brent Crude and Oil – US Crude if sustained.
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Despite the softer demand backdrop, Oil – US Crude has climbed about 9.86% over the past month, while Oil – Brent Crude has gained roughly 10.22%, suggesting geopolitical risk and supply expectations remain dominant, and both show a 1-day technical signal of Strong Buy and Strong Buy respectively. In contrast, Natural Gas has fallen about 11.99% over the last month and carries a 1-day technical indication of Sell, reflecting ample supply and seasonal demand headwinds; Investors can explore more updates, prices, and analysis across global markets at Commodities.