Welcome to Gold Dragon Daily
An AI-powered podcast by Gold Dragon Investments, helping you win the game of passive investing. For more information, visit GotTheGold.com. I'm your host, Justin 2.0.

This is Market Pulse — Thursday's Numbers

Oil
• WTI Crude: $57.65/barrel, down 1.43%
• Brent Crude: $61.49, down 1.16%
• Oversupply concerns dominate; prices down 17.66% year over year
• EIA projects WTI to average $65.32 in 2025, further declines through 2026
• US producers hedging 800,000 barrels per day in Q4 2025 and Q1 2026
• IEA projects significant oil supply surplus in 2026

Gas
• Henry Hub Natural Gas: $4.53/MMBtu, down 1.42%
• Milder weather persists; market well supplied with near-record production
• Ample storage available; LNG export demand remains strong

Federal Reserve & Credit
• Fed cut rates 25 basis points to 3.50-3.75%
• SOFR fell to 3.93% on December 10th
• 3-month SOFR now below 10-year SOFR—cheaper to fund floating than fixed
• Fed signals possible pause; only one additional cut expected in 2026

Stocks
• S&P 500 down 0.61% to 6,845 points (up 13.11% year over year)
• Oracle plunged 10% on weak revenue outlook and increased spending
• AI sector concerns spreading to Nvidia and broader market futures

Bottom Line
• Oil: Target sub-$50 breakevens, hedge floors above $75
• WTI down to $57.65, Brent down 1.16% to $61.49
• Production forecast: 106.18 million barrels/day in 2025, 107.43 in 2026
• Global oil demand projected to rise only 830,000 barrels/day in 2025

Visit GotTheGold.com. Stay sharp.