Coquest

Your Daily Energy Report for June 16, 2026

Posted on 2026-06-16

Crude Oil

Crude Oil futures for July settled down -$4.70 or -5.82% at $76.05. Oil prices fell on Tuesday, hitting its lowest point since early March and wiping out most of its conflict-driven gains as GCC country exports near an imminent restoration. 

 

​​​​​Natural Gas

Natural Gas futures for July settled up $.092 or 2.923% at $3.239. Natural gas prices rose today on projections of heightened utility demand from warmer weather and rebounding LNG export activity. Anticipated above-normal temperatures through July 1 are expected to accelerate fuel consumption by power generators to meet rising air conditioning loads. 

 

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