Coquest

Your Daily Energy Report for August 31, 2026

Posted on 2026-08-31

Crude Oil

Crude Oil futures for October settled up $2.34 or 2.806% at $85.74. Oil prices surged on Monday as renewed Middle East hostilities broke a nearly month-long lull, reigniting intense anxiety over security in the Strait of Hormuz.

 

Natural Gas

Natural Gas futures for October settled up $.047 or 1.627% at $2.935. Natural gas prices rallied today to touch a five-week high, driven by updated weather models predicting another wave of above-average temperatures across the South, East, and East Coast.

 

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