Coquest

Your Daily Energy Report for July 14, 2026

Posted on 2026-07-14

Crude Oil

Crude Oil futures for August settled up $1.20 or 1.536% at $79.34. Oil prices continued their rally on Tuesday, following President Donald Trump’s decision to drop a proposed 20% fee on military-escorted cargo crossing the Strait of Hormuz. Explaining the sudden pivot via social media, Trump declared that the "20% United States Reimbursement Fee" would be replaced by "Trade and Investment Deals" that the various gulf states will make directly into America, offsetting the lost revenue.

 

Natural Gas

Natural Gas futures for August settled up $.007 or .242% at $2.904. Natural gas prices managed to bounce back from early losses to break a four-day losing streak, though they are still struggling to gain momentum because domestic supplies remain so high. 

 

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