Coquest

Your Daily Energy Report for June 3, 2026

Posted on 2026-06-03

Crude Oil

Crude Oil futures for July settled up $2.26 or 2.41% at $96.02. Oil prices increased on Wednesday following new EIA data that revealed an unexpected 7.97 million barrel stockpile depletion. This sixth consecutive contraction far exceeded the projected 4 million barrel forecast, even as political commentary from President Donald Trump hinted at an openness to negotiate a non-nuclear framework directly with Supreme Leader Mojtaba Khamenei.

 

​​​​​Natural Gas

Natural Gas futures for July settled up $.047 or 1.484% at $3.214. Natural gas prices rose today in anticipation of federal inventory reports, which market participants project will reveal a fractional expansion of the existing overhead supply surplus.

 

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