Coquest

Your Daily Energy Report for July 30, 2025

Posted on 2025-07-30

Crude Oil

Crude Oil futures for September settled up $.79 or 1.141% at $70.00. Oil prices climbed on Wednesday, reaching levels not seen in over a month, as supply-related worries gained traction following intensified diplomatic pressure on Russia. Former President Trump reportedly issued a ten-day ultimatum to Moscow to end its involvement in Ukraine or face severe trade penalties, including full secondary tariffs on nations maintaining commerce with Russia. The potential fallout from such measures could disrupt global crude flows, particularly among key U.S. allies who import Russian oil, increasing the risk of market dislocation. Also lending support was a recent agreement between the U.S. and EU, which introduced moderate tariffs but avoided broader trade conflict that could have weakened global energy demand. However, upward momentum was partially capped by government data showing U.S. crude stockpiles unexpectedly swelled by 7.7 million barrels last week.
 

Natural Gas

Natural Gas futures for September settled down -$.097 or -3.087% at $3.045. Natural gas prices dipped today, marking their lowest level since late April, amid strong production and subdued short-term demand. LSEG data shows that average daily output across the Lower 48 states climbed to 107.5 billion cubic feet in July, surpassing June’s previous high. This uptick in supply coincides with expectations for milder weather in the near term, which may ease the need for gas-fired cooling in the power sector. As power burn softens and demand outlooks remain under pressure, market sentiment has turned bearish. Still, some traders are watching for a potential shift later in August, with mid-range forecasts beginning to show hotter conditions that could spur renewed utility demand.
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