Coquest

Your Daily Energy Report for September 3, 2026

Posted on 2026-09-03

Crude Oil

Crude Oil futures for October settled up $.29 or .319% at $91.30. Oil prices continued their rally on Thursday, maintaining six-week highs as market participants tracked Middle East developments, ongoing military strikes, and the resulting friction on Hormuz transit. Iran reported targeting regional U.S. bases overnight while Israel signaled a readiness to resume combat, even as President Trump stated the refreshed hostilites would not persist for long.

 

Natural Gas

Natural Gas futures for October settled down -$.043 or -1.455% at $2.913. Natural gas prices slipped lower despite a consensus-matching 30 Bcf weekly storage injection that landed under historical norms, as a persistent fundamental overhang negated near-term bullish signals. 

 

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