Japan's Strategic Oil Reserves Rise to 202-Day Supply in July
Japan's strategic crude oil reserves increased to 202 days of consumption in July, reversing a trend of declines over the prior three months, according to data from the industry ministry.
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Commodities
The latest commodities coverage from the TrustFinance editorial desk.
Latest in Commodities
Goldman Sachs Sees Brent Crude Holding $80-$90 Range Amid Geopolitical Tensions
Goldman Sachs forecasts Brent crude oil will trade between $80 and $90 per barrel, balanced by a tightening physical market and a moderate geopolitical risk premium, unless a U.S.-Iran deal or major conflict escalation occurs.
SpaceX's First Public Earnings Report in Focus as Busy Reporting Season Continues
Investors are closely watching SpaceX's inaugural earnings report to gauge the profitability of its Starlink division, as a robust U.S. corporate earnings season continues to drive individual stock movements.
European Gas Prices Rebound as Hormuz Shipping Delays Outweigh Diplomatic Hopes
Benchmark European natural gas prices rebounded on Tuesday, as persistent shipping delays for liquefied natural gas in the Strait of Hormuz overshadowed hopes for de-escalation in the Middle East, highlighting ongoing supply vulnerabilities.
Brent Crude Consolidates Near $86 as Technical Signals Point to Imminent Breakout
Brent crude oil is trading in a tight range around $86 per barrel, caught between significant technical support and resistance. Market analysis suggests this period of consolidation could precede a sharp price move, with traders closely watching key levels for a directional trigger.
Natural Gas Futures Consolidate Near $2.76 Amid Bearish Technical Pattern
Natural gas is trading within a narrow range, defined by a "bear flag" pattern that suggests potential for further downside, while conflicting indicators point to a market standoff.
WTI Crude Oil Consolidates in Tight Range as Technical Signals Diverge
West Texas Intermediate crude oil is trading within a well-defined range between approximately $79.60 and $87.50, as conflicting technical indicators signal market indecision and a potential for future volatility.
US Cotton Futures Face Decisive Test at $82.77 Resistance Level
US Cotton #2 futures are trading just below the significant resistance level of $82.77, a critical juncture that could determine the commodity's short-term direction. While the uptrend remains intact, technical indicators suggest bullish momentum may be nearing exhaustion.
Brent Oil to Remain in $80-$90 Range Pending U.S.-Iran Outcome, Goldman Sachs Says
Goldman Sachs forecasts Brent crude will trade between $80 and $90 per barrel, with a significant breakout depending on either a U.S.-Iran nuclear deal or a major conflict escalation, according to a new report.