Coquest

Your Daily Energy Report for November 12, 2026

Posted on 2026-11-12

Crude Oil

Crude Oil futures for December settled up $2.21 or 2.554% at $88.74. Oil prices advanced on Thursday, securing a second consecutive session of gains while bouncing back from the ten-week low of $86 recorded on November 10. The upward momentum followed comments from U.S. President Donald Trump stating that Washington no longer requires an agreement with Iran, a notable shift from Monday, when he characterized the conflict as "militarily effectively over" after discussions with Qatar's prime minister.

 

​​​​​Natural Gas

Natural Gas futures for December settled up $.125 or 3.888% at $3.340. Natural gas prices climbed today, marking a seven-week high as cooler atmospheric guidance, record LNG export flows, and lower domestic output underpinned the market. Updated meteorology models pointed to below-normal temperatures spreading across central and eastern states through November 20, fueling expectations for stronger residential heating demand in the coming weeks.

 

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