Rich Asplund on 10/09/2026

Hormuz Attacks and Hurricane Isaias Underpin Crude Prices

November WTI crude oil (CLX26 ) closed up +0.36 (+0.39%) on Friday, and November RBOB gasoline (RBX26 ) closed down -0.208 (-0.63%). Crude oil and gasoline prices settled mixed on Friday. Crude prices shook off early losses and moved higher Friday on concerns about disruptions to Middle East energy

R Rich Asplund
Rich Asplund on 10/09/2026

Nat-Gas Prices Rise as Hurricane Isaias Curbs US Nat-Gas Production

November Nymex natural gas (NGX26 ) on Friday closed up +0.052 (+1.64%). Nat-gas prices settled higher on Friday as Hurricane Isaias approached, prompting closure of nat-gas rigs in the Gulf and a reduction in US gas production. US (lower-48) dry gas production on Friday fell to 109.3 bcf/day, the

R Rich Asplund
Andrew Hecht on 10/09/2026

Will Gasoline Defy Seasonality?

NYMEX gasoline futures are heading into the off-demand season during fall and winter. Prices tend to decline as drivers put less mileage on cars. However, 2026 is no ordinary year, and gasoline prices remain significantly higher in October 2026 than in October 2025.A car being refueled at a gas stat

A Andrew Hecht
Rich Asplund on 10/09/2026

Crude Prices Climb on Hormuz Attacks and Hurricane Isaias

November WTI crude oil (CLX26 ) is up +0.36 (+0.39%) today, and November RBOB gasoline (RBX26 ) is down -0.257 (-0.78%). Crude oil and gasoline prices are mixed. Crude prices shook off early losses and moved higher on concerns about disruption to Middle East energy supplies after Iran said it...Str

R Rich Asplund
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