Coquest

Your Daily Energy Report for June 4, 2026

Posted on 2026-06-04

Crude Oil

Crude Oil futures for July settled down -$2.98 or -3.104% at $93.04. Oil prices snapped a three-day rally on Thursday as optimism grew regarding a potential conflict-ending agreement with Iran. Market sentiment shifted after Washington announced a conditional ceasefire deal between Israel and Lebanon, tethered closely to Hezbollah halting its ongoing hostile operations.

 

​​​​​Natural Gas

Natural Gas futures for July settled up $.122 or 3.796% at $3.336. Natural gas prices advanced on the back of frozen Middle Eastern supplies and accelerating domestic consumption.

 

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