[Commodities] Goldman Sachs: Oil prices could rise to $120 per barrel if attacks on Middle East oil transport escalate
Goldman Sachs stated that oil prices could surge to $120 per barrel if attacks on Middle East oil transportation intensify, recommending investments in natural gas and diesel. Daan Struyven, Global Head of Commodities Research at Goldman Sachs, noted that recent events indicate that expanding shipping disruptions and heightened risks will become significant influencing factors. However, if local exports return to normal, oil prices are expected to fall to $80. International oil prices rose by approximately 0.5% this morning (the 7th), with Brent crude and New York crude quoted at $96.79 and $92.02 per barrel, respectively. Struyven stated that although the view
CME Group Sets New Open Interest Record in Henry Hub Natural Gas Futures
CHICAGO, Sept. 2, 2026 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its Henry Hub natural gas futures reached a new open interest record of 1,807,497
Lingering Heat Supports U.S. Natural Gas Futures -- Market Talk
1005 ET - U.S. natural gas futures are higher with hot weather across much of the country supporting power-sector demand. Late summer air-conditioning demand remains high for two-thirds of the U.S.,
Natural Gas Futures Edge Down Retreat -- Market Talk
1530 ET - U.S. natural gas futures end the session lower as the market remains well supplied despite late-summer heat extending into September. Production and LNG export activity are expected to see
Natural Gas Replaces Oil as Europe’s New Inflation Flashpoint: Gas Storage at Five-Year Low for the Season, TTF Approaches Five-Month High, Reigniting Central Bank Rate Hike Risks
As European natural gas prices approach five-month highs and storage levels drop to their lowest for this time of year in years, bond investors and policymakers are shifting their primary concern from oil to natural gas.
No Hope for Energy Market Stabilization Before 2027: Seven Market Signals Warn of Sustained Tightness in Global Energy Markets
Global energy traders are sending a consistent message regarding 2027: they do not expect the global energy market to stabilize in the near term.
Sector Update: Energy Stocks Decline Monday
Energy stocks fell Monday with the NYSE Energy Sector Index dropping 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) declining 0.8%.The Philadelphia Oil Service Sector Index fell 2%,
Heatwaves sweep across multiple regions of the U.S., pushing natural gas futures up by approximately 2%, as Texas power demand may continue to break records.
U.S. natural gas futures rose on Friday as the latest weather forecasts indicated that temperatures across many parts of the United States would be higher than historical averages for the coming weeks, leading markets to anticipate increased demand for gas-fired power generation driven by rising air conditioning usage.
Summary of Key U.S. Economic Data Released on August 20
The Philadelphia Fed Manufacturing Index rose to 47.4 in August, up from 41.4 in July, indicating an acceleration in manufacturing expansion, following earlier growth in the Empire State Manufacturing Index this week. The Leading Economic Index rose 0.2% in July after falling 0.1% in June. Seven subcomponents made positive contributions, most notably initial claims for unemployment benefits and building permits, while business environment expectations were the largest negative factor. The Conference Board stated that economic growth expectations would be driven by artificial intelligence (AI)
August Heat Helps Lift U.S. Natural Gas Futures -- Market Talk
1515 ET - U.S. natural gas futures rise ahead of weekly inventory data, supported by hotter weather forecasts for much of the next two weeks. "The warmer turn in the forecast has helped prices
Global Forex and Fixed Income Roundup: Market Talk
The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day. 1530 ET - Exports of coffee from Brazil totaled 3.03 million 60-kg bags in July,
U.S. Natural Gas Inventory Net Change of +33 Bcf for Week Ended July 31 – EIA
Sector Update: Energy Stocks Lean Lower Premarket Thursday
Energy stocks were leaning lower premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 1.1%.The United States Oil Fund (USO) was down 2% and the United States
Natural-Gas Prices Sink as Texas LNG Terminal Closes for Maintenance -- WSJ
By Ryan Dezember Power demand is surging to keep America's air conditioners running, but prices are falling for the fuel that helps generate much of the country's electricity. Natural-gas futures
U.S. Natural Gas Futures Held Back By Adequate Supply -- Market Talk
0940 ET - U.S. natural gas futures are lower, with ample supply and above-average storage keeping weather-driven rally attempts at bay. Bank of America Global Research raises its Henry Hub price
The EIA sharply cut its oil price forecasts for this year and next, expects the Strait of Hormuz to largely normalize by year-end, and notes that the AI boom is driving U.S. electricity consumption to consecutive annual highs.
According to the EIA report, the expected prices for Brent and West Texas Intermediate (WTI) crude oil this year have both been revised down by nearly 14% from a month ago, to $82 and $76.26 per barrel, respectively; next year’s expected prices have been reduced by approximately 18%, to $65 and $60.76 per barrel. As AI data centers continue to expand, commercial electricity demand is projected to surpass residential demand for the first time in history this year. U.S. crude oil production forecasts for this year have been slightly revised upward to 13.8 million barrels per day, though shale oil expansion is expected to slow; next year’s production forecast has been marginally lowered to 14 million barrels per day. Global production forecasts for both this year and next have been revised upward, while global demand forecasts have been revised downward.
U.S. Natural Gas Futures Settle With Little Change -- Market Talk
15:24 ET - U.S. natural gas futures edge up in rangebound trading with strong power-sector demand to meet air conditioning needs offset by adequate supply. The EIA said it expects natural gas
Utilities Shares Rose On Rate Hike Expectations -- Utilities Roundup
Shares in the utilities sector rose as investors weighed expectations that the Federal Reserve's next move could be a hike after the central bank held rates steady in the first meeting led by Kevin
As the U.S.-Iran deal nears finalization, LNG carriers are navigating through the Strait of Hormuz.
① As the U.S.-Iran agreement nears implementation, liquefied natural gas (LNG) carriers stranded in the Persian Gulf are preparing to depart the Strait of Hormuz; ② Since the outbreak of conflict in February, only 15 LNG carriers have left the Gulf region over the past several months, triggering a global LNG supply crisis; ③ Once the U.S.-Iran agreement is finalized, LNG shipments through the Strait of Hormuz are expected to gradually resume.
How long can the U.S.-Iran deal hold? If it collapses, could UK inflation exceed 4% and prompt a return of interest rate hikes?
During the Asian session on Tuesday (June 16), the British pound weakened against the U.S. dollar, currently down approximately 0.1% to around 1.3400. The modest decline in sterling is closely linked to further diminishing market expectations for a Bank of England rate hike. Recent analysis suggests that the U.S.-Iran deal is altering the UK’s inflation outlook. If the U.S.-Iran agreement holds and oil shipments resume normal operations, UK inflation is likely to remain below 4%, allowing the Bank of England to avoid raising interest rates this summer. Thursday’s upcoming monetary policy decision is expected to result in a 7-to-2 vote in favor of maintaining rates unchanged. In the Bank of England’s rate decision this Thursday,