Data-Driven Commodity Research, The Commodity Report

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Data-Driven Commodity Research

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<ul><li>During the week, Trump muscled his <strong>Big Beautiful Bill </strong>through a divided congress. With that, the bill got passed even right before 4th of July.</li><li>The nearly-900 page bill includes a tax-cut and spending package that is projected to increase the national debt by $3.3 trillion over a decade.</li><li>Cost-saving to reduce the government debt seems to be completely from the table. The DODGE department seems compared to this bill like a joke.</li></ul>

During the week, Trump muscled his Big Beautiful Bill through a divided congress. With that, the bill got passed even right before 4th of July.The nearly-900 page bill includes a tax-cut and spending package that is projected to increase the national debt by $3.3 trillion over a decade.Cost-saving to reduce the government debt seems to be completely from the table. The DODGE department seems compared to this bill like a joke.

How Trump's Big Beautiful Bill Will Affect Commodity Markets

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>WTI futures rose 2.3% for the week ending 03/Jul, buoyed by Iran’s standoff with the UN and stronger-than-expected economic data from China.</li>
<li>The U.S. rig count fell by eight to 539. The oil rig count fell by seven to 425, while gas rigs dropped by one to 108.</li>
<li>WTI OI PCR fell to 0.90 on 03/Jul compared to 0.93 on 27/Jun. Call OI rose by 3.3% WoW, while put OI inched up by 0.6%.</li>
</ul>


WTI futures rose 2.3% for the week ending 03/Jul, buoyed by Iran’s standoff with the UN and stronger-than-expected economic data from China.
The U.S. rig count fell by eight to 539. The oil rig count fell by seven to 425, while gas rigs dropped by one to 108.
WTI OI PCR fell to 0.90 on 03/Jul compared to 0.93 on 27/Jun. Call OI rose by 3.3% WoW, while put OI inched up by 0.6%.


[US Crude Oil Options Weekly 2025/27] WTI Climbed Higher, But Oversupply Jitters Capped Gains

Global Commodities, Mint Finance

Srinidhi Raghavendra

Global Commodities

<ul>
<li>Crude oil soared on conflict and sank just as fast on ceasefire. Prices surged to a 5-month high following the U.S. strikes on three Iranian nuclear facilities.</li>
<li>June’s price action was driven by geopolitical shocks, not sustained fundamentals. Oversupply concerns remain dominant.</li>
<li>On 05/Jul, eight key members of OPEC+ alliance agreed to raise oil output in August. Instead of the anticipated 411kbpd increase, the group opted for a steeper hike of 548kbpd.</li>
</ul>


Crude oil soared on conflict and sank just as fast on ceasefire. Prices surged to a 5-month high following the U.S. strikes on three Iranian nuclear facilities.
June’s price action was driven by geopolitical shocks, not sustained fundamentals. Oversupply concerns remain dominant.
On 05/Jul, eight key members of OPEC+ alliance agreed to raise oil output in August. Instead of the anticipated 411kbpd increase, the group opted for a steeper hike of 548kbpd.


Rising OPEC+ Supply & Weak Demand To Drag Crude Price Lower

<ul>
<li>For the week ending 27/Jun, U.S. crude inventories rose by 3.8m barrels (vs. expectations of a 3.5m barrel decline). Gasoline stockpiles rose more than expected.</li>
<li>The EIA reported a 55 Bcf storage build, while analysts forecasted a 48 Bcf increase. Storage levels are 6.2% above the five-year average but 5.6% below year-ago levels.</li>
<li>BlackRock may offload its gas pipeline stake back to Aramco, while JP Morgan cut its 12-month PT on SLB and Goldman Sachs did the same for Halliburton.</li>
</ul>


For the week ending 27/Jun, U.S. crude inventories rose by 3.8m barrels (vs. expectations of a 3.5m barrel decline). Gasoline stockpiles rose more than expected.
The EIA reported a 55 Bcf storage build, while analysts forecasted a 48 Bcf increase. Storage levels are 6.2% above the five-year average but 5.6% below year-ago levels.
BlackRock may offload its gas pipeline stake back to Aramco, while JP Morgan cut its 12-month PT on SLB and Goldman Sachs did the same for Halliburton.


[ETP 2025/27] WTI Volatile on Supply Risks; Henry Hub Slips on Softer Demand Outlook

<ul>
<li>OPEC maintained steady demand forecasts, while the IEA and EIA cut 2025 growth estimates. All agencies see limited near-term catalysts for a meaningful rise in global oil demand.</li>
<li>OPEC, EIA, and IEA project rising oil supply, driven by non-OPEC producers and near-term OPEC+ overproduction.</li>
<li>The EIA remains bullish on Henry Hub gas prices, forecasting strong demand and tightening supply through late 2025.</li>
</ul>


OPEC maintained steady demand forecasts, while the IEA and EIA cut 2025 growth estimates. All agencies see limited near-term catalysts for a meaningful rise in global oil demand.
OPEC, EIA, and IEA project rising oil supply, driven by non-OPEC producers and near-term OPEC+ overproduction.
The EIA remains bullish on Henry Hub gas prices, forecasting strong demand and tightening supply through late 2025.


OPEC, IEA, EIA Forecast Rising Oil Supply, Sluggish Demand

United States

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

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Crude Oil (CL1 COM COMDTY)

How Trump's Big Beautiful Bill Will Affect Commodity Markets

During the week, Trump muscled his Big Beautiful Bill through a divided congress. With that, the bill got passed even right before 4th of July.

The Commodity Report

[US Crude Oil Options Weekly 2025/27] WTI Climbed Higher, But Oversupply Jitters Capped Gains

WTI rose due to Iran halting cooperation with the UN and surprisingly positive data from China. US rig count dropped for the tenth straight week....

Mint Finance

Rising OPEC+ Supply & Weak Demand To Drag Crude Price Lower

Crude oil prices spiked due to conflict, but quickly dropped on ceasefire. Geopolitical shocks drove price action, overshadowing oversupply...

Mint Finance

[ETP 2025/27] WTI Volatile on Supply Risks; Henry Hub Slips on Softer Demand Outlook

US crude inventories unexpectedly rose, gasoline stockpiles increased, natural gas storage levels are above average but below last year, BlackRock...

Mint Finance

OPEC, IEA, EIA Forecast Rising Oil Supply, Sluggish Demand

OPEC sees steady oil demand, while IEA and EIA cut growth estimates. All agencies predict limited near-term rise in global oil demand. EIA bullish...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

How Trump's Big Beautiful Bill Will Affect Commodity Markets

During the week, Trump muscled his Big Beautiful Bill through a divided congress. With that, the bill got passed even right before 4th of July.

The Commodity Report

[US Crude Oil Options Weekly 2025/27] WTI Climbed Higher, But Oversupply Jitters Capped Gains

​WTI rose due to Iran halting cooperation with the UN and surprisingly positive data from China. US rig count dropped for the tenth straight week....

Mint Finance

Rising OPEC+ Supply & Weak Demand To Drag Crude Price Lower

​Crude oil prices spiked due to conflict, but quickly dropped on ceasefire. Geopolitical shocks drove price action, overshadowing oversupply...

Mint Finance

[ETP 2025/27] WTI Volatile on Supply Risks; Henry Hub Slips on Softer Demand Outlook

​US crude inventories unexpectedly rose, gasoline stockpiles increased, natural gas storage levels are above average but below last year, BlackRock...

Mint Finance

OPEC, IEA, EIA Forecast Rising Oil Supply, Sluggish Demand

​OPEC sees steady oil demand, while IEA and EIA cut growth estimates. All agencies predict limited near-term rise in global oil demand. EIA bullish...

Mint Finance

WTI rose due to Iran halting cooperation with the UN and surprisingly positive data from China. US rig count dropped for the tenth straight week....

Crude oil prices spiked due to conflict, but quickly dropped on ceasefire. Geopolitical shocks drove price action, overshadowing oversupply...

US crude inventories unexpectedly rose, gasoline stockpiles increased, natural gas storage levels are above average but below last year, BlackRock...

OPEC sees steady oil demand, while IEA and EIA cut growth estimates. All agencies predict limited near-term rise in global oil demand. EIA bullish...