About this episode

The episode discusses the recent spike in crude oil prices amid Middle East tensions and provides updates on natural gas prices.

Wednesday, September 2, 2026. CRUDE OIL SPIKE. September 2, 2026: Closed at approximately $89.39 USD per barrel. Open: approximately $89.24. High: approximately $89.61. Low: approximately $89.22. Change: plus 0.1754 percent. September 1, 2026 futures (front month/Oct contract): Settlement around $90.22-$90.68 USD (various sources including MarketWatch, WSJ, Trading Economics); intraday gains noted amid market moves. September 1, 2026 spot/futures close: approximately $89.37-$89.44 USD. August 31, 2026: Spot/futures around $85.43-$85.76 USD. August 25-28, 2026 range: Spot prices approximately $82.23-$83.90 USD. FRED/EIA WTI Cushing spot (latest available as of searches): Up to Aug 25, 2026 at $83.90 USD (daily series lags; next update expected around Sep 2). Weekly/monthly benchmarks: Earlier July–Aug 2026 WTI around $80-$85+ USD, with volatility. NATURAL GAS UPDATE. September 2, 2026: Not yet available in public sources (EIA daily spot prices typically released with short lag; next scheduled release September 2). Monthly Henry Hub spot price (YCharts/EIA): July 2026 = $2.963/MMBtu (down 7.57 percent from June; next monthly release September 2). Natural gas futures…

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