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Energy Markets News 26 January 2026 - 28 January 2026

Oil prices hover near four-month high after U.S. storm froze exports; inventories and OPEC+ next

Oil prices hover near four-month high after U.S. storm froze exports; inventories and OPEC+ next

Brent crude fell 35 cents to $67.22 a barrel premarket Wednesday, while WTI slipped 21 cents to $62.18, easing after a storm-driven rally. U.S. crude exports dropped to zero Sunday before rebounding to 4.4 million barrels per day Monday as Gulf Coast ports reopened. Kazakhstan’s Tengiz field remains under force majeure with output recovery slower than expected. Traders await U.S. inventory data and the Feb. 1 OPEC+ meeting.
28 January 2026
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Natural gas price cools after record rally as Henry Hub expiry nears; EQT stock slides

Natural gas price cools after record rally as Henry Hub expiry nears; EQT stock slides

February NYMEX natural gas futures fell 3.4% to $6.571 per MMBtu Tuesday as traders cut positions ahead of contract expiry. EQT shares dropped 3.5% in after-hours trading, leading declines among major gas producers. Warmer forecasts and recovering Gulf Coast LNG exports pressured prices after last week’s supply disruptions. About 15% of U.S. gas output remained offline Tuesday, according to BloombergNEF.
27 January 2026
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Natural gas prices swing again after Winter Storm Fern — Henry Hub traders eye Thursday storage data

Natural gas prices swing again after Winter Storm Fern — Henry Hub traders eye Thursday storage data

U.S. natural gas futures fell 2.7% to $6.62 per MMBtu Tuesday, retreating from a 29% surge that sent prices to their highest since December 2022. The drop followed easing cold weather after Winter Storm Fern, which had cut Lower 48 production by up to 20 billion cubic feet per day and sent Northeast spot prices briefly to $150. LNG exports remain constrained as freeze-offs persist.
27 January 2026
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Natural gas price drops after winter-storm spike as contract roll hits; UNG and EQT slip

Natural gas price drops after winter-storm spike as contract roll hits; UNG and EQT slip

U.S. natural gas futures dropped over 5% Tuesday as the March Henry Hub contract fell 20.9 cents to $3.689/mmBtu after rolling forward. The United States Natural Gas Fund slid 3.8%, EQT lost 2.6%, and Antero Resources dropped 3.6%. Monday’s expiring contract had surged nearly 30% to $6.80/mmBtu amid storm-driven production losses. Traders await Thursday’s U.S. storage report for withdrawal data.
27 January 2026
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Heating oil price slips after cold snap surge as traders take profit; inventories in focus

Heating oil price slips after cold snap surge as traders take profit; inventories in focus

NY Harbor ULSD March futures fell 0.9% to $2.3283 a gallon Tuesday as winter storm disruptions unsettled distillate trading. U.S. crude output dropped by up to 2 million barrels per day over the weekend, but production and refinery operations are recovering. Traders await outage updates and Wednesday’s U.S. inventory report.
27 January 2026
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Oil prices rise as U.S. winter storm cuts output; Brent, WTI steady on Kazakhstan supply return

Oil prices rise as U.S. winter storm cuts output; Brent, WTI steady on Kazakhstan supply return

Oil prices rose Tuesday as a U.S. winter storm shut in up to 2 million barrels per day of crude output, disrupting refineries. Brent settled at $65.82, up 23 cents; WTI at $60.92, up 29 cents. Gains were limited by Kazakhstan’s plans to restart output and the upcoming OPEC+ meeting on Feb. 1. Traders watched U.S. inventory data and Middle East tensions.
27 January 2026
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Henry Hub natural gas eases after storm spike, with Feb contract expiry in focus

Henry Hub natural gas eases after storm spike, with Feb contract expiry in focus

New York, Jan 27, 2026, 06:29 EST — Premarket U.S. Henry Hub natural gas futures for February fell 33.5 cents, or nearly 4.9%, to $6.465 per million British thermal units (mmBtu) early Tuesday. The contract cooled off following a 52-week peak at $7.439 hit in the previous session. According to CME calendar data, the February contract is set to expire on Jan. 28. (Barchart.com) The pullback is significant since the front month now serves as a real-time test of how quickly U.S. supply bounces back after weekend freeze-offs — when wells and field gear freeze up, cutting flows — even
27 January 2026
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Natural gas just hit a 3-year high — what’s driving prices and UNG, EQT this week

Natural gas just hit a 3-year high — what’s driving prices and UNG, EQT this week

New York, Jan 26, 2026, 17:19 EST — After-hours U.S. natural gas futures soared once more on Monday, climbing almost 30% to close at $6.80 per million British thermal units (mmBtu). This marked their highest finish since December 2022. The spike came after a winter storm hit energy infrastructure hard, causing producers to halt output. (Reuters) The rally is hitting electricity markets fast, driven by heating demand clashing with tight gas supplies. Pieter Mul, associate partner at PA Consulting’s energy and utilities practice, noted, “Without native supplies of natural gas, the Eastern seaboard relies on a pipeline network that is
26 January 2026
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Natural gas price today jumps above $6 as U.S. freeze-offs bite — and traders eye key dates

Natural gas price today jumps above $6 as U.S. freeze-offs bite — and traders eye key dates

New York, January 26, 2026, 11:26 (EST) — Regular session U.S. natural gas futures jumped past $6 on Monday after an Arctic blast forced production shutdowns, squeezing near-term supply. The surge is spreading to natural gas-linked ETFs and stocks, even as traders prepare for a volatile week ahead at the front end of the curve. Timing is everything. Winter demand is at its peak, and the cold snap is gripping major producing states just as pipelines and power grids in the East face pressure. What happens abroad counts too. The U.S. leads global liquefied natural gas (LNG) trade, so any
26 January 2026
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Heating oil price jumps as Winter Storm Fern tightens diesel market — what traders watch next

Heating oil price jumps as Winter Storm Fern tightens diesel market — what traders watch next

NEW YORK, Jan 26, 2026, 06:54 EST — Premarket Heating oil prices rose Monday morning, as NYMEX NY Harbor ULSD March futures added 5.11 cents, or roughly 2.2%, reaching $2.3917 a gallon. (Barchart.com) This move matters because ULSD, the main U.S. distillate benchmark, tends to react sharply when winter weather tightens supply or boosts heating demand. Brent rose 7 cents to $65.95 a barrel, while U.S. crude crept up 3 cents to $61.10, following last week’s gains. Traders are factoring in weather-related shutdowns alongside fresh Iran risks. “Winter storm Fern … adding stress to the power grid,” said Priyanka Sachdeva,
26 January 2026
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Gasoline price today: RBOB futures dip as winter storm Fern keeps U.S. fuel market jumpy

Gasoline price today: RBOB futures dip as winter storm Fern keeps U.S. fuel market jumpy

New York, Jan 26, 2026, 06:43 EST — Premarket U.S. wholesale gasoline prices dipped Monday morning, with NYMEX RBOB gasoline futures slipping around 0.7 cents to near $1.862 a gallon. (investing.com) The timing is crucial for traders since storms can quickly disrupt fuel supply chains — refineries cut back, trucks get stuck, terminals freeze up — and wholesale price shifts often take time to show up at the pump. The coming days will also reveal just how much geopolitical risk is baked into crude, and by extension, gasoline. There’s still some buffer in the system. U.S. motor gasoline stocks hit
26 January 2026
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Winter Storm Fern jolts U.S. power prices above $1,800 as PJM outages jump

Winter Storm Fern jolts U.S. power prices above $1,800 as PJM outages jump

BOSTON, Jan 26, 2026, 05:11 (EST) Power plant outages spiked across the eastern U.S. Sunday, sending wholesale electricity prices soaring. PJM Interconnection responded by directing certain customers to reduce consumption as Winter Storm Fern boosted demand and tightened fuel availability. (Reuters) Price swings matter here because they strike utilities just as demand from homes and businesses peaks. Grid operators face the coldest part of the week with tighter margins for mistakes. In natural gas-reliant areas, pipeline bottlenecks and equipment failures can quickly turn a cold snap into a supply crunch. These come amid a structural shift: data centers are pushing
26 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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