Coquest

Your Daily Energy Report for August 21, 2026

Posted on 2026-08-21

Crude Oil

Crude Oil futures for October settled up $.23 or .265% at $87.06. Oil prices increased on Friday, positioning crude oil for a second consecutive weekly advance of approximately 5% driven by expectations of intensifying U.S. geopolitical pressure on Iran. Market sentiment remains elevated following statements from Treasury Secretary Scott Bessent indicating that specific actions regarding Washington's economic measures against Tehran will be unveiled Monday, following President Donald Trump's description of the strategy as an "economic D-Day." 

 

Natural Gas

Natural Gas futures for September settled up $.04 or 1.464% at $2.773. Natural gas prices rose today, securing a second straight weekly gain as widespread elevated temperature forecasts reinforced power-sector demand projections. 

 

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