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Energy Markets 10 February 2026 - 26 February 2026

Oil prices jump as U.S.-Iran nuclear talks whip Brent and WTI

Oil prices jump as U.S.-Iran nuclear talks whip Brent and WTI

Brent crude rose $1.17 to $72.02 a barrel and U.S. WTI gained 87 cents to $66.29 Thursday as traders reacted to stalled U.S.-Iran nuclear talks in Geneva. U.S. crude inventories jumped by 16 million barrels last week, but the market largely ignored the build. OPEC+ is weighing a possible 137,000 bpd output increase for April. China may trim crude imports from April after recent price gains.
26 February 2026
Natural gas slips under $3 to a four-month low as forecasts warm — what it means for UNG

Natural gas slips under $3 to a four-month low as forecasts warm — what it means for UNG

NYMEX March natural gas fell 0.9% to $2.958/mmBtu Tuesday, set for its lowest close since October 16. Milder weather forecasts and steady U.S. output weighed on prices, even as LNG feedgas flows held near record highs. Traders now await Thursday’s U.S. storage report. The United States Natural Gas Fund ETF dropped 1.7% to $11.55 in early trading.
Oil price today: Brent slips but holds near six-month high as U.S.-Iran talks, tariffs loom

Oil price today: Brent slips but holds near six-month high as U.S.-Iran talks, tariffs loom

Brent crude fell 37 cents to $71.39 a barrel and WTI dropped 27 cents to $66.21 by midday Monday, both near six-month highs. U.S.-Iran nuclear talks and new U.S. tariffs kept risk premiums elevated. Global stocks slipped and gold rose after President Trump announced a temporary 15% global tariff. Goldman Sachs raised its Q4 2026 oil forecast, citing low inventories but warned of downside risks if sanctions ease.
Gasoline prices near $3 as RBOB futures hold weekly gain; refiners in focus

Gasoline prices near $3 as RBOB futures hold weekly gain; refiners in focus

Front-month RBOB gasoline futures held near $2.01 a gallon Friday, up 5% for the week as inventories fell and demand rose. AAA reported the U.S. average pump price at $2.92, down slightly but warned of a seasonal increase ahead. Valero and Phillips 66 shares gained; Marathon Petroleum was flat. EIA data showed gasoline inventories dropped by 3.2 million barrels to 255.8 million.
Heating oil price slips today, but distillate stock squeeze keeps traders on edge

Heating oil price slips today, but distillate stock squeeze keeps traders on edge

U.S. heating oil futures fell 0.8% to $2.59 a gallon Friday, easing after a rally sparked by a sharp drop in distillate inventories, EIA data showed. Distillate stocks dropped 4.6 million barrels to 120.1 million, about 5% below the five-year average. Brent crude slipped to $71.47 a barrel as traders watched U.S.-Iran tensions. National average residential heating oil reached $4.075 a gallon.
20 February 2026
Oil prices near six-month highs as Trump’s Iran deadline keeps Brent and WTI in focus

Oil prices near six-month highs as Trump’s Iran deadline keeps Brent and WTI in focus

Brent crude slipped 19 cents to $71.47 a barrel and WTI fell 14 cents to $66.29, though both benchmarks remain near six-month highs after a 5.3% weekly gain. U.S. crude inventories dropped by 9 million barrels last week, while Saudi exports hit their lowest since September. OPEC+ paused planned output hikes for March. Tensions between the U.S. and Iran and a sharp draw in U.S. stocks kept markets volatile.
20 February 2026
Natural gas prices jump near $3.14 as cold snap meets Golden Pass LNG countdown

Natural gas prices jump near $3.14 as cold snap meets Golden Pass LNG countdown

U.S. natural gas futures jumped nearly 5% to $3.141 per mmBtu by early afternoon Friday, rebounding from recent lows. The move followed a smaller-than-expected storage withdrawal of 144 bcf last week and anticipation of Exxon’s Golden Pass LNG plant starting up in March. Output remains near record highs, while traders cited short-covering and colder weather in the East.
Oil price today: Brent, WTI edge up as U.S.-Iran Geneva talks and OPEC+ supply loom

Oil price today: Brent, WTI edge up as U.S.-Iran Geneva talks and OPEC+ supply loom

Brent crude rose 0.6% to $68.16 a barrel and U.S. West Texas Intermediate gained 43 cents to $63.32 on Monday, with no official U.S. settlement due to the Presidents’ Day holiday. Traders await U.S.-Iran nuclear talks in Geneva, while Chinese imports of Russian crude are set to hit a record in February as independent refiners buy discounted cargoes. Eight OPEC+ members will pause planned production increases in March.
16 February 2026
Natural gas prices could swing again this week: LNG flows, warm forecasts and Waha trouble in focus

Natural gas prices could swing again this week: LNG flows, warm forecasts and Waha trouble in focus

U.S. natural gas futures settled at $3.243 per mmBtu Friday, up 0.8% for the day but down 5% for the week after steep earlier declines. Traders weighed strong LNG export demand against forecasts for mild late-February weather that could curb heating needs. The U.S. gas rig count rose to 133, while Waha Hub prices in West Texas remained negative due to pipeline constraints. The March contract expires Feb. 25.
Oil prices tumble more than $1 as IEA demand cut hits Brent, WTI and stocks build

Oil prices tumble more than $1 as IEA demand cut hits Brent, WTI and stocks build

Oil prices fell over $1 a barrel Thursday after the International Energy Agency cut its 2026 demand growth forecast and U.S.-Iran tensions eased. Brent crude dropped $1.26 to $68.14, while U.S. West Texas Intermediate lost $1.24 to $63.39 by mid-morning. U.S. crude inventories rose by 8.5 million barrels last week, according to the Energy Information Administration.
Heating oil price today: ULSD futures slip as Iran risk premium cools and U.S. stock data looms

Heating oil price today: ULSD futures slip as Iran risk premium cools and U.S. stock data looms

NYMEX heating oil futures fell 0.7% to $2.3996 a gallon in early Tuesday trade, tracking a pullback in crude after Monday’s gains tied to shipping risks near Iran. Brent crude slipped 24 cents to $68.80 a barrel. Traders await U.S. distillate inventory data due Wednesday. The U.S. issued new guidance for vessels near the Strait of Hormuz, fueling volatility.
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Stock Market Today

  • Dow, S&P 500, Nasdaq futures rise as US launches new strikes on Iran amid oil price surge
    June 10, 2026, 10:42 PM EDT. US military renewed air strikes on Iran, triggering a sharp rise in oil prices. Brent crude futures surged over 3.4% above $96 a barrel, while US WTI crude climbed 3.8% past $93. President Trump warned of intensifying attacks and demanded an agreement from Iran. Following strikes, Iran declared the Strait of Hormuz closed, impacting a key global oil route. Stocks futures for the Dow, S&P 500, and Nasdaq rose amid the geopolitical tensions and market uncertainty.

Latest articles

Tech stocks slide after hours, Oracle’s AI spending draws focus

Tech stocks slide after hours, Oracle’s AI spending draws focus

11 June 2026
Semiconductor stocks plunged 3.6%, dragging the S&P 500 technology sector into correction territory—down 11% from its June 2 record—as investors punished AI-linked companies like Oracle and Super Micro Computer for heavy spending and capital raises, signaling a shift in risk appetite amid rising inflation and escalating U.S.-Iran tensions.
Murphy USA Shares Spike 10% After Casey’s Margin Surge Rattles Gas Station Sector

Murphy USA Shares Spike 10% After Casey’s Margin Surge Rattles Gas Station Sector

11 June 2026
Murphy USA soared 10.04% to $612.16 as investors seized on Casey’s General Stores’ stronger-than-expected fuel margins, spotlighting sector-wide pump profitability; with Murphy’s own first-quarter fuel contribution up 40.6% and margins at 35.0 cents per gallon, the stock’s jump reflects bets that high margins will persist, though volatility in fuel prices remains a key risk.
Sky Quarry Jumps in After-Hours; Traders Eye June Refinery Restart

Sky Quarry Jumps in After-Hours; Traders Eye June Refinery Restart

11 June 2026
Sky Quarry soared 22.44% to $1.91 on record volume, then jumped to $2.38 after hours, as investors bet on a June refinery restart after repairs and a feedstock shortage crushed Q1 revenue to $383; with just $66,828 in cash and “substantial doubt” about its ability to continue, the stock’s fate hinges on hitting its June production target.
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