Coquest

Your Daily Energy Report for October 1, 2026

Posted on 2026-10-01

Crude Oil

Crude Oil futures for November settled up $2.45 or 2.71% at $92.87. Oil prices rose on Thursday following updates that the US is deploying a third aircraft carrier strike group, accompanied by Marine Corps vessels and up to 10,000 additional troops set to arrive by late November. These troop movements suggest potential preparations for escalated military engagement, as US President Donald Trump reportedly signaled to advisers that he anticipates resuming strikes against Iran following the November midterm elections.

 

​​​​​Natural Gas

Natural Gas futures for November settled down -$.059 or -1.95% at $2.967. Natural gas prices dipped today as traders weighed surging domestic production against moderate atmospheric forecasts capping heating and cooling power burn. 

 

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