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Your Daily Energy Report for July 16, 2026
Posted on 2026-07-16
Crude Oil
Crude Oil futures for August settled down -$.65 or -.817% at $78.95. Oil prices fluctuated on Thursday while worsening Middle East geopolitical tension continued to unnerve the market. This volatility follows disclosures that Tehran ordered Houthi rebels to prepare a shutdown of the Red Sea transit lane if US forces execute President Trump's ultimatum to strike domestic energy facilities next week in the absence of diplomatic progress.
Natural Gas
Natural Gas futures for August settled down -$.066 or -2.257% at $2.858. Natural gas prices dipped today as a massive domestic inventory shield protected the American market from Middle East shipping disruptions.
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