Mmmmm, one always risks over-reading Saudi Aramco official selling prices (OSPs). But the just announced ones for October don't scream as if the kingdom sees a lot of Asian demand. At +$1.30 vs Oman/Dubai benchmarks, Saudi Light OSP for Asia is weakest in ~3 years | #OOTT

Fed’s Waller: Current Batch Of Data 'Requires Action' - If Appropriate, Will Advocate For 'Front-Loading' Cuts - He Is Open-Minded About Size And Pace Of Rate Cuts - Important To Start Rate Cuts At Next Fed Meeting - Jobs Market Continues To Soften But Not Deteriorate

Fed governor Chris Waller’s speech doesn’t explicitly say “25” or “50” but it leans into endorsing a 25 bps cut to start, explicitly reserving the option to go faster “as appropriate” if “new data” show more deterioration Waller pats the Fed on the back for not overreacting to

#Florida The Hill LiveSquawk thehill.com/homenews/campa…

Watch Live: Economic Outlook with Christopher J. Waller youtube.com/live/4V9q8ePU8… via YouTube

Say it softly, softly... Contango is coming back to oil #OOTT

An options bet that wins if the tech profit taking continues cnbc.com/2024/09/06/an-…

US Rate-Futures Pare Earlier Gains, Traders Now Bet Fed Will Stick To 25Bp Cut In September, Bigger Cut In November #FOMC

Stocks to watch next week: Apple, GameStop, Inditex, Oracle and WH Smith trib.al/D09llbw

The yen has scope to extend its advance as carry trades using the Japanese currency continue to wind down, according to Amundi’s chief strategist trib.al/P3TUPQY

US NY Fed GDP Nowcast Q3: 2.61% (prev 2.49%) newyorkfed.org/research/polic…

#OOTT | US Baker Hughes Rig Count 06-Sep: 582 (prev 583) - Rotary Gas Rigs: 94 (prev 95) - Rotary Oil Rigs: 483 (prev 483)

GOLDMAN: Today’s Fed comments “are consistent with our forecast for a 25bp cut in September and indicate that the Fed leadership is open to 50bp cuts at subsequent meetings if the labor market continues to deteriorate.” [Hatzius] #FOMC

القناة 13 الإسرائيلية عن مصادر مقربة من المفاوضات: محادثات التهدئة في غزة على وشك الانهيار واحتمال التوصل لاتفاق ضئيل

US Tells Allies Iran Has Sent Ballistic Missiles To Russia - The Wall Street Journal wsj.com/world/u-s-tell…

UBS 1/2: #Gold: We believe the rally in #gold has more room to run over the next 6 to 12 months, as investment demand continues to pick up amid elevated central bank purchases. We expect a step-up in exchange-traded fund (ETF) inflows as #Fed starts to cut interest rates in Sep,

#OOTT | Russia Raises Forecast For 2024 Oil, Gas Export Revenues By $17.4 Bln, Document Shows - RTRS reuters.com/markets/commod….

Vale, BHP, Samarco Could Close $18 Bln Deal Over Brazil Dam Collapse, Sources Say - RTRS reuters.com/markets/commod…

Corn futures are headed upward for a second week as forecasts for US crops are cut and dry weather concerns lingers over Europe trib.al/TNaxMao

Morningstar DBRS Changes Trends Greece To Positive, Confirms Ratings At BBB (Low) dbrs.morningstar.com/research/43902…