Coquest

Your Daily Energy Report for June 29, 2026

Posted on 2026-06-29

Crude Oil

Crude Oil futures for August settled up $1.52 or 2.196% at $70.75. Oil prices rebounded on Monday, shaking off a four-month low as depressed tanker traffic through the Strait of Hormuz offset overarching market optimism. Although commercial fleets started moving again after a brief pause in fighting, aggregate shipping volumes slowed after a weekend of intense skirmishes severely rattled maritime corporate confidence.

 

​​​​​Natural Gas

Natural Gas futures for August settled down -$.09 or -2.751% at $3.181. Natural gas prices dipped today, pulling back from a three-week peak reached on June 25 as milder weather forecasts pointed to an upcoming decline in air-conditioning usage and power grid consumption. Even with this short-term price drop, underlying export fundamentals continue to look exceptionally strong across the board.

 

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