Coquest

Your Daily Energy Report for October 5, 2026

Posted on 2026-10-05

Crude Oil

Crude Oil futures for November settled down -$1.68 or -1.844% at $89.43. Oil prices pulled back on Monday as traders weighed moderating supply tightness against persistent Middle East geopolitical tensions. Downward momentum built after Saudi Aramco slashed its November Arab Light official selling price for Asian customers to a $5 per barrel discount against regional benchmarks, deepening the previous month's $2 discount to signal aggressive competition for market share.

 

​​​​​Natural Gas

Natural Gas futures for November settled up $.031 or 1.021% at $3.066. Natural gas prices are up today, maintaining recent upside momentum as updated meteorology models flagged a cooler shift for the northern and western regions during October 12–15 that could kickstart autumn heating load. 

 

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