Coquest

Your Daily Energy Report for June 26, 2026

Posted on 2026-06-26

Crude Oil

Crude Oil futures for August settled down -$2.69 or -3.74% at $69.23. Oil prices fell on Friday, matching their weakest pricing since February, as maritime transits through the strategic Strait of Hormuz rapidly accelerated. This commercial surge developed as vessels openly traveled the shipping lane following diplomatic milestones toward a US-Iran peace deal, restoring cumulative Persian Gulf exports to approximately 75% of prewar baselines while Saudi Arabia crucially began reloading tankers at its Ras Tanura terminal to signal a massive regional output ramp-up.

 

​​​​​Natural Gas

Natural Gas futures for July settled down -$.112 or -3.350% at $3.231. Natural gas prices dropped today as the July contract rolls off. While meteorological reports continue to broadcast prolonged, above-average summer heatwaves into mid-July, the acute localized selling pressure intensified following the Energy Information Administration's latest weekly inventory update, which documented a robust seasonal storage injection of 76 Bcf.

 

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