Oil Under Pressure, Gold at Risk: Saudi Surge and ESG Headwinds
Saudi Arabia just committed to a fourth consecutive monthly output increase, and the math is straightforward: 752,000 barrels per day of incremental supply has returned to market since June. WTI at $75.11 looks manageable until you map it against softening demand, a partial Hormuz corridor deal that strips away the geopolitical premium, and a US labor market that added just 57,000 jobs in June. The floor for crude is shale breakeven territory, somewhere in the $55-65 range. Between here and there, the path of least resistance is down. Key Takeaways OPEC+ authorized a fourth consecutive 188,000 bpd output increase for September 2026, bringing cumulative supply additions to 752,000 bpd since J…
Continue reading with Premium
The full commodities analysis, with levels, positioning, and what changed, continues below the line.
- checkFull deep-dive reports while they're current: levels, positioning, and conviction scores
- checkWatchlist changes as our analysts make them
- checkExclusive investigative reports
Not ready? Create a free account for extended previews · Already a member? Log in
Secure checkout via Stripe