The U.S. Energy Information Administration expects domestic electricity consumption to climb to new highs in 2026 and 2027, extending record demand seen in 2025 amid data center growth, electrification trends, and a resilient economy. Higher structural power needs may underpin fuel demand for generators, with implications for both Oil – US Crude and Natural Gas, particularly in regions still reliant on fossil-fuel-based power plants.
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Over the past month, U.S. crude futures have advanced about 7.4%, with the 1-day technical picture pointing to a Strong Buy, suggesting momentum traders see further upside despite demand and supply uncertainties. Natural gas prices have gained roughly 9.2% in the same period, but the short-term technical signal is Sell, indicating near-term weakness despite the supportive longer-term demand outlook from rising U.S. power use.
Investors can explore more updates, prices, and analysis across global markets at Commodities.