Daily Energy Market Update April 13, 2026

Liquidity’s Daily Market Overview

Oil markets opened the week higher following developments involving Iran and the Strait of Hormuz, with failed talks between the United States and Iran contributing to uncertainty around regional energy flows. The strategic importance of the Strait as a key global oil transit route continues to underpin sensitivity to any disruption-related headlines.

Crude prices moved higher on the session as geopolitical risk was repriced across the energy complex. The move reflects increased focus on potential supply constraints and the risk of tighter near-term balances if regional flows are further disrupted. Broader energy markets have also followed the same direction, with oil leading sentiment across commodities.

The U.S. has announced a blockade of Iranian ports following unsuccessful talks, marking a more direct policy step in the region. The move has increased uncertainty around shipping routes linked to Iran and added an additional layer of risk premium into oil pricing, particularly across Middle East supply routes.

In refined products, markets generally move in line with crude directionally. Diesel is often more sensitive to shifts in supply expectations, while gasoline frequently finds support from seasonal demand trends. Product markets remain highly responsive to changes in crude pricing and broader risk sentiment.

Across broader markets, higher oil prices have contributed to a more cautious tone, with some pressure on risk assets and renewed focus on inflation dynamics. Energy remains the key driver of cross-asset sentiment at the start of the week.

Natural Gas Market Overview

Natural gas continues to face heavy selling pressure as price action remains confined within a descending channel on the short-term time frame, with the commodity currently trading around the $2.702 area after bouncing off the swing low near the $2.667 level.

Price recently attempted a recovery from this floor but appears to be stalling ahead of the Fibonacci retracement resistance levels drawn from the recent swing high to the swing low. The 38.2% Fib is at $2.774, followed by the 50% level at $2.807.

The 100 SMA is below the 200 SMA to confirm that the path of least resistance is to the downside, or that the selloff is more likely to gain traction than to reverse. Both moving averages are sloping lower and sitting above current price, reinforcing the bearish structure and suggesting they could act as dynamic resistance on any pullback attempts.

Stochastic is turning higher from the mid-range, indicating that buyers still have some room to push price into the Fibonacci retracement zone before momentum fades. If the oscillator reaches the overbought region near these Fib levels and rolls back over, that could be a signal that sellers are regaining control.

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Disclaimer

This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.

Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC