According to Zhito Finance APP, Crude Oil Product Futures slightly rose on Tuesday, with the market focusing on the geopolitical situation in the Middle East after the change of regime in Syria, potential MMF stimulus measures that China might take, and the trends in USA interest rates. Although Syria is not a major oil-producing country, its geographical proximity to Russia and Iran, along with being an important route to bypass USA sanctions, means that changes in its situation indirectly affect oil prices.

According to analyst Samer Hassen from XS.com, the influence of the Middle East on oil prices may weaken after the fall of the Assad regime, as the risk premium for disruptions in Crude Oil Product Transportation may decrease. However, since Syria is a key destination for Iran's oil exports, the regime change may lead to Iran acting more cautiously in the region, thereby introducing new risks to the safety of Crude Oil Product circulation.

At the same time, analysts at Ritterbusch expect that the monthly report from OPEC (Organization of the Petroleum Exporting Countries) to be released on Wednesday may provide additional guidance to the market. If OPEC chooses to downgrade oil demand expectations closer to the International Energy Agency (IEA) predictions, the market may tend toward a Put outlook. The IEA's forecast for the future outlook of Global oil demand differs from OPEC's predictions, providing a completely different picture. Furthermore, analysts pointed out that geopolitical factors that occasionally led to surges in oil prices over the past few years are starting to weaken in their pricing influence.

In terms of specific futures market performance, January Crude Oil Product Futures on the New York Mercantile Exchange closed up 0.3% at $68.59 per barrel, February Brent Crude Oil Futures closed up 0.1% at $72.19 per barrel, while January Henry Hub Natural Gas Futures closed down 0.6% at $3.163 per million British thermal units.

In the field of Energy investment, stocks related to Henry Hub Natural Gas have recently been favored. Reports indicate that traders are increasingly inclined to bet on rising Henry Hub Natural Gas prices to drive portfolio growth, rather than on Crude Oil.

The First Trust Natural Gas ETF (FCG.US) has seen inflows for nine consecutive weeks, marking the longest consecutive inflow period since 2021. During this time, standout stocks such as Comstock Resources (CRK.US) rose by 22%, while EQT Corp (EQT.US) and Gulfport Energy (GPOR.US) both increased by over 15%.

JPMorgan Analyst Allen Jayaraman predicts a "role reversal" next year, with investors favoring Henry Hub Natural Gas Stocks over Petroleum Stocks. This is primarily based on expectations of an oversupply in the oil market and supportive "tailwind" factors for natural gas producers, such as increased North American liquefied natural gas exports and the growing demand for gas power generation from datacenters.

It is worth mentioning that JPMorgan's most bullish natural gas producers include Antero Resources (AR.US), EQT Corp, and Gulfport.