EIA Natural Gas Report: As of the week of August 30, total U.S. natural gas inventories were 3.347 trillion cubic feet, an increase of 13 billion cubic feet from the previous week, an increase of 208 billion cubic feet from the same period last year, an increase of 6.6% year-on-year, and 323 billion cubic feet higher than the five-year average, an increase of 10.7%.
U.S. EIA crude oil inventories for the week to August 30 - 6.873 million barrels, expectations - 993,000 barrels, previous values - 846,000 barrels.
U.S. EIA Cushing, Oklahoma crude oil inventories for the week to August 30 - 1.142 million barrels, previous value - 668,000 barrels.
The US EIA strategic petroleum reserve stocks 1.764 million barrels in the week to August 30, and the previous value was 745,000 barrels.
The decline in EIA crude oil inventories in the week to August 30 in the United States was the largest since the week of June 28, 2024; EIA strategic petroleum reserve inventories were the highest since the week of December 9, 2022.
The Israel Defense Forces continued its military operations in the Gaza Strip on August 30. According to the Palestinian News Agency, the Gaza Strip was hit by air strikes and shelling by the Israeli army in many places, including the Jabaliya refugee camp in the northern Gaza Strip, the Maighazi refugee camp in the center and the Khan Younis in the south. According to Israeli media reports, the Israel Defense Forces issued a statement on the 30th saying that the Israeli 98th Division ended its ...
On August 30, according to six OPEC + sources, OPEC + may gradually increase oil production as planned starting from October.
Gold Ten Futures, August 30, according to the Shanghai Shipping Exchange data, as of August 30, 2024, the Shanghai Export Container Freight Index (composite index) reported 2963.38 points, down 134.25 points compared with the previous period.
Gold Ten Futures, July 30, London Metal Exchange (LME) futures and options data show that in the week ended July 26, speculators have reduced the net long of LME copper by 5,760 contracts to 65,467 contracts, the lowest level in more than five months. Long-only long positions decreased by 4,677 contracts to 400,593 contracts, the lowest level in more than 18 weeks. Short-only positions increased by 1,083 contracts to 335,126 contracts.
Markets have fully priced in the Fed's September rate cut, but the big question at the July 30-31 FOMC meeting is: How clear will the FOMC signal? Foreign media economist Anna Wong and others believe that the communication at the July meeting will only provide initial hints of a September rate cut, and Federal Reserve Chair Jerome Powell will point out that "if...