Rich Asplund on 10/08/2026

Crude Prices Finish Sharply Higher on Middle East Tensions

November WTI crude oil (CLX26 ) closed up +3.21 (+3.64%) on Thursday, and November RBOB gasoline (RBX26 ) closed up +0.818 (+2.53%). Crude oil and gasoline prices settled sharply higher on Thursday on signs of possible escalation of the US-Iran conflict. Surging freight costs to ship crude oil out

R Rich Asplund
Rich Asplund on 10/08/2026

Nat-Gas Prices Erase Early Gains on Weekly Storage Builds

November Nymex natural gas (NGX26 ) on Thursday closed down -0.035 (-1.09%). Nat-gas prices fell from a 1.5-week high on Thursday and settled lower after weekly nat-gas storage rose more than expected, sparking long liquidation in nat-gas futures. The EIA reported Thursday that nat-gas inventories

R Rich Asplund
Andrew Hecht on 10/08/2026

How High Can Heating Oil and Distillate Prices Rise?

Oil and oil products have rallied as the conflict in the Middle East has escalated and expanded. Heating oil is a proxy for distillates, including jet and diesel fuels. At the most recent high of over $5 per gallon wholesale, NYMEX heating futures remain below the 2022 all-time high but could be on

A Andrew Hecht
Rich Asplund on 10/08/2026

Crude Prices Surge on Possible Escalation of US-Iran War

November WTI crude oil (CLX26 ) is up +4.54 (+5.14%) today, and November RBOB gasoline (RBX26 ) is up +0.1462 (+4.52%). Crude oil and gasoline prices are soaring today on signs of possible escalation of the US-Iran conflict. Also, surging freight costs to ship crude oil out of the Middle...Satellite

R Rich Asplund
Rich Asplund on 10/07/2026

Crude Prices Fall as EIA Cuts its Crude Demand Forecast

November WTI crude oil (CLX26 ) closed down -1.16 (-1.30%) on Wednesday, and November RBOB gasoline (RBX26 ) closed down -0.0390 (-1.19%). Crude oil and gasoline prices erased an early rally on Wednesday and settled lower on signs of weakening global energy demand after the EIA cut its 2026 global..

R Rich Asplund
Rich Asplund on 10/07/2026

Cooler US Weather and Expectations of Shrinking Storage Lift Nat-Gas Prices

November Nymex natural gas (NGX26 ) on Wednesday closed up +0.089 (+2.86%). Nat-gas prices extended this week’s rally on Wednesday, posting a 1.5-week high and settling sharply higher. Forecasts for cooler US weather that will boost heating demand for nat-gas boosted prices on Wednesday. The Commod

R Rich Asplund
Michael O'Donnell on 10/07/2026

Energies Mixed Betwixt EIA and FOMC Minutes

As of Thursday morning, 7 October 2026, Energies markets are pricing the morning’s EIA report ahead of FOMC minutes report due out at 1 PM Central Time. The morning’s EIA report showed a draw of 3.2 million barrels, which is one factor in the front month CLX26 Crude Oil WTI...Offshore drilling rig

M Michael O'Donnell
Rich Asplund on 10/07/2026

Crude Prices Supported by Middle East Supply Concerns

November WTI crude oil (CLX26 ) is up +0.20 (+0.22%) today, and November RBOB gasoline (RBX26 ) is up +0.0255 (+0.78%). Crude oil and gasoline prices are moving higher today on concerns about disruptions to crude supplies from the Middle East after Iran ramped up attacks on tankers in the...A sunset

R Rich Asplund
Darin Newsom on 10/06/2026

Corn, Soybeans, and Wheat: What Is Really Driving Grain Volatility?

In an interview on Markets Now, I break down how fund activity, USDA report discrepancies, energy policy shifts, and commercial demand are driving recent two-way volatility across the grain, energy, and livestock markets.Corn, wheat & soybeans by Jim Barber via Shutterstock

D Darin Newsom
Rich Asplund on 10/06/2026

Crude Prices Rebound as Iran Ramps Up Ship Attacks in Hormuz

November WTI crude oil (CLX26 ) closed up +0.01 (+0.01%) on Tuesday, and November RBOB gasoline (RBX26 ) closed up +0.0270 (+0.83%). Crude oil and gasoline prices erased early losses on Tuesday and settled higher as short covering emerged on reports that Iran has ramped up attacks on tankers in...St

R Rich Asplund
Rich Asplund on 10/06/2026

Nat-Gas Prices Settle Higher as European Gas Prices Jump

November Nymex natural gas (NGX26 ) on Tuesday closed up +0.048 (+1.57%). Nat-gas prices settled higher on Tuesday, supported by carryover from a rally in European gas prices to a 2-week high. European nat-gas storage levels are only 73% full, which may push European countries to ramp up US gas...T

R Rich Asplund
Rich Asplund on 10/06/2026

Crude Prices Pressured as More Oil Supplies Leave the Middle East

November WTI crude oil (CLX26 ) is down -1.27 (-1.42%) today, and November RBOB gasoline (RBX26 ) is down -0.0443 (-1.36%). Crude oil and gasoline prices are falling today, with crude oil dropping to a 1-month low. Signs that more crude supplies are leaving the Middle East are easing global...Oil t

R Rich Asplund
Rich Asplund on 10/05/2026

Crude Oil Prices Fall on Dollar Strength and Saudi Price Cuts

November WTI crude oil (CLX26 ) closed down -1.68 (-1.84%) on Monday, and November RBOB gasoline (RBX26 ) closed down -0.0662 (-2.00%). Crude oil and gasoline prices settled lower on Monday after the dollar index ($DXY ) rallied to a 1.5-year high. Crude prices also fell after Saudi Arabia cut...2

R Rich Asplund