Coquest

Your Daily Energy Report for November 9, 2026

Posted on 2026-11-09

Crude Oil

Crude Oil futures for December settled down -$3.98 or -4.382% at $86.85. Oil prices slipped on Monday, marking its lowest valuation since August 31 and extending the prior week's fall as traders weighed diplomatic attempts to end the Middle East conflict against persistent regional strikes. U.S. President Donald Trump indicated that major strikes on Iran were unlikely provided Tehran accepted a firm agreement, coming ahead of scheduled discussions with Qatar's prime minister, though prospects for a breakthrough remain uncertain.

 

​​​​​Natural Gas

Natural Gas futures for December settled up $.22 or 7.338% at $3.218. Natural gas prices surged today, driven by revised meteorological models calling for an impending Arctic blast that elevated near-term heating projections. Atmospheric outlooks indicate over 160 million residents across the Ohio Valley, Great Lakes, and Northeast could experience unseasonably frigid conditions by November 14, marking a dramatic pivot from the mild pattern previously forecasted.

 

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