Rich Asplund on 05/22/2026

Cooler US Weather Forecasts Slam Nat-Gas Prices

June Nymex natural gas (NGM26 ) on Friday closed down -0.111 (-3.68%). Nat-gas prices on Friday tumbled to a 1-week low and settled sharply lower. Forecasts for cooler US weather, which will reduce air-conditioning usage and demand for nat-gas, hammered prices on Friday. The Commodity Weather Grou

R Rich Asplund
Rich Asplund on 05/22/2026

Crude Oil Prices Supported as Iran Peace Deal Remains Elusive

July WTI crude oil (CLN26 ) today is up +1.31 (+1.36%), and July RBOB gasoline (RBN26 ) is up +0.0831 (+2.54%). Crude oil rebounded from a 1-week low today and is sharply higher as US-Iran peace deal remains elusive, keeping the Strait of Hormuz closed and disrupting global oil supplies....Crude Oi

R Rich Asplund
Rich Asplund on 05/21/2026

Crude Oil Prices Tumble on Hopes for Iran Peace Progress

July WTI crude oil (CLN26 ) on Thursday closed down -1.91 (-1.94%), and July RBOB gasoline (RBN26 ) closed down -0.1073 (-3.17%). Crude oil and gasoline prices erased an early rally on Thursday and settled sharply lower, with gasoline falling to a 2-week low. Crude prices tumbled on hopes that...

R Rich Asplund
Rich Asplund on 05/21/2026

Forecasts for Hot US Temps Boost Nat-Gas Prices

June Nymex natural gas (NGM26 ) on Thursday closed up +0.014 (+0.47%). Nat-gas prices on Thursday settled higher, despite a bearish EIA inventory report, as forecasts for hot US weather are expected to boost nat-gas demand from electricity providers to power increased air conditioning use. The Comm

R Rich Asplund
Andrew Hecht on 05/21/2026

How High Can Gasoline Rise During the 2026 Driving Season?

Gasoline prices tend to rise during the peak driving season, during spring and summer, when drivers put more miles on their cars. Meanwhile, hostilities in the Middle East have turbocharged gasoline’s seasonal rally, lifting prices to the highest level since the 2022 driving season, when the war in

A Andrew Hecht
Trent Klarenbach on 05/21/2026

Crude Oil: WTI Tests 50-Day Moving Average Support

Technical chart analysis shows WTI crude hitting 50-day MA support again. See why a third test could signal a breakdown affecting Canadian ag economics.Oil jackpump at sunset 2 by Evgenii Mitroshin via iStock

T Trent Klarenbach
Rich Asplund on 05/21/2026

Crude Oil Prices Jump on Doubts the Strait of Hormuz Will Reopen

July WTI crude oil (CLN26 ) today is up +3.14 (+3.20%), and July RBOB gasoline (RBN26 ) is up +0.0321 (+0.95%). Crude oil and gasoline prices are moving sharply higher today as the standoff between the US and Iran is fueling concerns that a prolonged closure of the Strait of...A sunset over a fuel

R Rich Asplund
Rich Asplund on 05/20/2026

Crude Oil Prices Plummet on Speculation Strait of Hormuz Could Soon Reopen

July WTI crude oil (CLN26 ) on Wednesday closed down -5.89 (-5.66%), and July RBOB gasoline (RBN26 ) closed down -0.1911 (-5.35%). Crude oil and gasoline prices plunged on Wednesday, with gasoline falling to a 1.5-week low. Crude price plummeted on Wednesday after President Trump said the US is in

R Rich Asplund
Rich Asplund on 05/20/2026

Nat-Gas Prices Retreat on Expectations for US Storage Levels to Build

June Nymex natural gas (NGM26 ) on Wednesday closed down -0.110 (-3.53%). Nat-gas prices on Wednesday fell from an 8-week nearest-future high and settled sharply lower. Abundant US nat-gas supplies, along with expectations that storage levels will continue to build, pressured prices on Wednesday.

R Rich Asplund
Rich Asplund on 05/20/2026

Crude Oil Prices Tumble on Hopes the Iran War Could Soon End

July WTI crude oil (CLN26 ) today is down -4.43 (-4.25%), and July RBOB gasoline (RBN26 ) is down -0.1264 (-3.54%). Crude oil and gasoline prices are falling sharply today on optimism that diplomacy may finally end the Iran war and reopen the Strait of Hormuz. Crude prices remained sharply...Satel

R Rich Asplund