Coquest

Your Daily Energy Report for June 2, 2026

Posted on 2026-06-02

Crude Oil

Crude Oil futures for July settled up $1.60 or 1.736% at $93.76. Oil prices rose on Tuesday following a sharp 5.5% spike in the prior session. Market participants are actively parsing conflicting signals regarding a potential US-Iran peace agreement, as Iranian news agencies cast doubt on diplomatic progress despite President Donald Trump's assertions that negotiations are ongoing.

 

​​​​​Natural Gas

Natural Gas futures for July settled down -$.012 or -.377% at $3.167. Natural gas prices slipped today as updated meteorological projections point to reduced heating and cooling needs, dragging down the overall gas demand outlook.

 

Sign up today to receive the entire Coquest Daily Report.

---