Coquest

Your Daily Energy Report for November 13, 2026

Posted on 2026-11-13

Crude Oil

Crude Oil futures for December settled down -$.18 or -.203% at $88.56. Oil prices fell slightly on Friday following gains in the prior session, after U.S. President Donald Trump declared that Washington no longer requires an agreement with Iran and instructed Vice President JD Vance to focus on domestic priorities rather than negotiations with Tehran. Diplomatic momentum remained stalled as Tehran insisted on the removal of U.S. sanctions and the naval blockade prior to direct talks, while Supreme National Security Council secretary Mohsen Rezaee reiterated that Iran will not surrender any enriched nuclear material.

 

​​​​​Natural Gas

Natural Gas futures for December settled down -$.110 or -3.293% at $3.230. Natural gas prices dipped today, retreating from Thursday’s seven-week high as profit-taking and milder winter weather models dampened momentum following a sharp weather-driven rally. Market participants appeared to have already priced in the recent cold snap, with warmer-than-normal temperature projections pointing toward softer residential heating demand and broader room for underground storage injections after federal data showed inventories sitting 2% above normal for the week ending November 6, up from a 1.4% surplus the prior week.

 

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