Coquest

Your Daily Energy Report for June 30, 2026

Posted on 2026-06-30

Crude Oil

Crude Oil futures for August settled down -$1.25 or -1.767% at $69.50. Oil prices slipped on Tuesday, cementing a roughly 30% drop in Q2 that marks its steepest quarterly decline since 2020. This stark correction reflects an influx of supply following a peace breakthrough that freed Persian Gulf oil and accelerated maritime transit through the critical Strait of Hormuz. 

 

​​​​​Natural Gas

Natural Gas futures for August settled up $.094 or 2.955% at $3.275. Natural gas recovered today, driven by accelerating feedgas intake at liquefied natural gas export plants and projections for record-breaking power demand. An intense summer heat wave blanketed the country, forcing widespread air conditioning reliance as temperatures in New York City flirt with 100 degrees Fahrenheit, threatening to match a historic 1966 record.

 

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