What the Energy Market Looked Like in June 2006

Wednesday, June 4, 2026. TWENTY YEARS AGO. June 2006. WTI crude oil monthly average: $73.94/bbl. Specific WTI closing prices: June 2 $72.75, June 9 $71.64, June 16 $69.97, June 23 $70.78, June 29 $73.52. WTI stayed above $70/bbl for much of May-July 2006. Demand growth outpacing non-OPEC supply. OPEC Reference Basket May 2006 averaged $65.11/bbl, peaked $68.37 early month, volatile trading continued into June. NATURAL GAS: Henry Hub natural gas monthly average end June 2006 approximately $5.84/MMBtu, down slightly from $5.97 end May. Natural gas prices 2006 overall moderated from 2005 hurricane-driven highs. Summer levels supported by high storage but pressured by warm weather and power generation demand. CONTEXT: High oil prices driven by rapid demand growth (China booming), limited non-OPEC supply growth, earlier disruptions from Hurricane Katrina/Rita still echoing. Natural gas benefited from ample storage inventories. Retail gasoline averaged $2.70-$3.00/gallon during summer 2006, influenced by crude levels and refinery margins. THE COMPARISON: Fast forward twenty years. June 2026. WTI trading around $91-$92, up 23% from June 2006. Natural gas at $3.10-$3.18, down 46% from June 2006. Crude doubled in two decades. Gas collapsed. Why? Supply dynamics. Shale revolution. LNG exports. Oversupply in gas. Geopolitical risk premium in crude. THE LESSON: Markets evolve. Thesis changes. But fundamentals remain: supply, demand, geopolitics. Trade the data. Not the narrative.

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Geopolitical Premium Persists

Wednesday, September 9, 2026. CRUDE OIL UPDATE: WTI trading near $93-$94/bbl testing $95 resistance. Sep 8 close Oct 2026 contract $93.50-$93.62 (+1.1-2.3% day), intraday highs $94.73, spot $92.36-$93...

9 Syys 2min

Technicals: Week 36

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Geographic Feature: Costa Rica

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Geographic Feature: Yemen

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3 Syys 2min

Middle East Tensions

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2 Syys 2min

Technicals: Week 35

Tuesday, September 1, 2026. CRUDE OIL TECHNICALS: Price context ~$84.90-$86.29 recently (e.g., 85.63 one platform), intraday ranges 84.13-86.78. RSI14 ~54.9-58 neutral-to-buy signal; some 57-62 shorte...

1 Syys 2min

Strategic Positioning: Week 35

Monday, August 31, 2026. WEEK 35 OPENS. CRUDE OIL UPDATE: August 28, 2026 $83.40 (open ~$83.67, high ~$83.78, low ~$82.25; volume ~142K). August 29, 2026 No trading data available (weekend/non-trading...

31 Elo 2min

Geographic Feature: Oman

Friday, August 28, 2026. OMAN ENERGY PROFILE: Oman's oil and natural gas production showed notable growth in first half of 2026, driven by higher output, stable exports, and project developments. OIL ...

28 Elo 2min