Coquest

Your Daily Energy Report for August 7, 2026

Posted on 2026-08-07

Crude Oil

Crude Oil futures for September settled up $.89 or 1.152% at $78.18. Oil prices rose on Friday, fluctuating as traders weighed ongoing talks between Muscat and Tehran regarding maritime passage against fresh regional security incidents. Initial hope for an agreement over the Strait of Hormuz diminished following reports that Iranian officials insisted on barring American and Israeli vessels while charging transit fees to unfriendly nations.

 

Natural Gas

Natural Gas futures for August settled up $.022 or .833% at $2.662. Natural gas prices had a slight rebound today, recovering some losses from the prior trading day despite an expanding inventory overhang. 

 

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