Coquest

Your Daily Energy Report for October 30, 2026

Posted on 2026-10-30

Crude Oil

Crude Oil futures for December settled up $2.12 or 2.078% at $104.12. Oil prices surged on Friday amid mounting fears of regional supply disruptions. Prices accelerated after reports emerged that President Donald Trump received a briefing from a top US military officer detailing strike options against Iran, even as Tehran rejected concessions despite receiving a peace letter from Vice President JD Vance.

 

Natural Gas

Natural Gas futures for December settled down -$.054 or -1.829% at $2.898. Natural gas prices dipped today as rebounding Lower 48 production near 113.3 billion cubic feet per day and an unexpectedly large EIA storage addition of 80 billion cubic feet eclipsed bullish momentum from expanding LNG exports. 

 

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