Coquest

Your Daily Energy Report for March 10, 2026

Posted on 2026-03-10

Crude Oil

Crude Oil futures for April settled down -$11.32 or -11.945% at $83.45. Oil prices plummeted this Tuesday before rebounding as traders balanced hopeful political rhetoric against escalating combat. Although President Trump indicated the Middle East engagement is nearly finalized and moving faster than anticipated, energy prices stabilized following a defiant response from Iran’s Revolutionary Guard. Tehran’s leadership branded the U.S. narrative as fabrication, vowing to persist in obstructing regional shipments until American and Israeli offensives are halted. This heightened threat to global supply was underscored by Defense Secretary Pete Hegseth, who characterized Tuesday’s maneuvers as the most aggressive bombardment thus far, specifically targeting Iranian maritime and manufacturing infrastructure.

​​​​​Natural Gas

Natural Gas futures for April settled down -$.10 or -3.205% at $3.02. Natural gas prices fell today after recording a back-to-back retreat as anxieties regarding extended logistical interruptions began to dissipate. This downward trend followed a dual signal from G-7 finance ministers regarding the mobilization of strategic reserves and comments from President Trump implying the regional hostilities were nearing a conclusion. Despite this, the energy landscape remains fragile with the globe's premier LNG export hub still shuttered and the Strait of Hormuz inaccessible. American valuations have remained relatively insulated compared to international indices, primarily because domestic production satisfies internal requirements while LNG export capacity is essentially maxed out. Furthermore, a prevailing outlook for warmer-than-normal weather across the states through the end of March is projected to stifle heating consumption, effectively capping any potential price rallies.
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