Coquest

Your Daily Energy Report for May 18, 2026

Posted on 2026-05-18

Crude Oil

Crude Oil futures for June settled up $3.24 or 3.073% at $108.66. Oil prices rose this Monday amidst highly turbulent trading. Market participants are actively assessing breaking geopolitical developments after President Trump announced he was deferring a planned military strike on Iran at the urging of leaders from Saudi Arabia, Qatar, and the UAE, signaling that substantive negotiations are currently in progress.

 

​​​​​Natural Gas

Natural Gas futures for June settled up $.064 or 2.162% at $3.024. Natural gas prices ascended today, touching a seven-week peak as investors reacted to a standard inventory build and a sustained contraction in production. The EIA confirmed an injection of 85 bcf into reserves, a figure that mirrored market expectations and the historical five-year benchmark while remaining significantly below the prior year's volume.

 

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