Coquest

Your Daily Energy Report for February 11, 2026

Posted on 2026-02-11

Crude Oil

Crude Oil futures for March settled up $.47 or .735% at $64.43. Oil prices finished up on Wednesday as Middle East instability spiked. Market participants are reacting to reports that the US may deploy a second carrier strike group and potentially intercept tankers carrying Iranian crude if atomic diplomacy fails. Despite these geopolitical tailwinds, the rally was partially checked by EIA data revealing a massive 8.5 million barrel build in domestic inventories, the steepest weekly climb in over a year. Looking forward, the industry is bracing for a potential sizable surplus this year, a sentiment echoed by recent IEA assessments and upcoming OPEC monthly market outlooks. Ultimately, the tug-of-war continues between immediate supply-risk premiums and a longer-term forecast where global production is expected to significantly outpace consumption.

​​​​​Natural Gas

Natural Gas futures for March settled up $.044 or 1.413% at $3.159. Natural gas prices rose today as warmer weather forecasts and rising production weighed on prices. With meteorologists forecasting above-normal temperatures through February 26, the anticipated drop in heating demand is offsetting the impact of previous cold snaps. This price pressure is compounded by a rise in Lower 48 output, which has climbed to 107.5 bcfd, significantly boosting domestic supply levels. While a massive 360 bcf storage withdrawal from the recent Arctic blast left inventories nearly 6% below seasonal norms, analysts believe the upcoming mild stretch will bridge this storage deficit by March. Providing a crucial buffer against further losses, LNG export demand remains at peak performance, with flows to major terminals averaging 18.5 bcfd this month.
​​​​
Continue reading the full Coquest Daily Report.

---