Coquest

Your Daily Energy Report for August 19, 2026

Posted on 2026-08-19

Crude Oil

Crude Oil futures for September settled up $.89 or 1.048% at $85.83. Oil prices gained on Wednesday, driven by intensifying Middle Eastern geopolitical instability. Diplomatic efforts remain stalled as President Donald Trump confirmed a lack of active negotiations, coinciding with the UAE terminating financial and economic relations with Iran over alleged ballistic missile strikes against its territory.

 

Natural Gas

Natural Gas futures for September settled up $.038 or 1.369% at $2.814. Natural gas prices rallied today, driven by persistent, oppressive heat that is stimulating elevated electricity consumption for air conditioning across the region.

 

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