Coquest

Your Daily Energy Report for February 13, 2026

Posted on 2026-02-13

Crude Oil

Crude Oil futures for March settled up $.05 or .08% at $62.89. Oil prices ended the day slightly up this Friday, providing a modest reprieve after a largely stagnant and low-volume session. This marginal uptick occurred despite the International Energy Agency’s sobering projection of a 3.7 million bpd surplus for 2026 and reports of global inventories expanding at their fastest pace since 2020. The early weakness was neutralized as the "war premium" continued to drain, following President Donald Trump’s indication that diplomatic efforts with Iran could be a month-long process. While the market remained weighed down by a significant 8.5 million barrel build and a broader financial selloff, the late-day stabilization hinted at a temporary exhaustion of the recent bearish momentum.

​​​​​Natural Gas

Natural Gas futures for March settled up $.026 or .808% at $3.243. Natural gas prices rose today as the trading week drew to a close. While physical spot prices at the Henry Hub faced downward pressure from a long holiday weekend and forecasts of unseasonably mild temperatures across the Eastern U.S., the futures market found a technical floor. Support was largely driven by LNG feedgas deliveries holding steady at a robust 19 Bcf/d, which continues to tighten the long-term balance despite a recovery in domestic production to 109 Bcf/d. Market participants are currently weighing a 5.5% storage deficit against a shifting weather outlook that threatens to limit heating demand in late February. Ultimately, the marginal uptick reflects a cautious standoff as traders balance immediate "spring-like" warmth against the structural support provided by record export volumes and the residual effects of earlier winter inventory draws.
​​​​
Continue reading the full Coquest Daily Report.

---