Coquest

Your Daily Energy Report for August 18, 2026

Posted on 2026-08-18

Crude Oil

Crude Oil futures for September settled up $.44 or .521% at $84.94. Oil prices advanced on Tuesday, driven by ongoing geopolitical instability surrounding the Strait of Hormuz. Diplomatic relations between Washington and Tehran remain frozen, with President Donald Trump confirming the active US naval blockade and stating that no bilateral discussions are underway or planned.

 

​​​​​Natural Gas

Natural Gas futures for September settled up $.086 or 3.197% at $2.776. Natural gas prices rose today as meteorologists projected sustained, extreme heat waves gripping the southern and western United States.

 

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