Written Commentary
Wkly Futures Market Summary For 8.31.26
August 31, 2026
CRUDE OIL
October Crude Oil was higher early Monday on the resumption of hostilities between the US and Iran over the weekend. The US struck two launchers on Iran’s Larak Island in the Strait of Hormuz on Sunday, and Iran’s Revolutionary Guards Corp said they attacked two US air bases in Jordan in response. Shipping data indicated five vessels per day crossed the strait over the weekend. The United Kingdom Maritime Trade Operations agency said on Sunday that a tanker had been struck by a projectile while entering the strait on Saturday. President Trump said on Sunday that oil from a recently struck deal with Venezuela will be used to replenish the SPR. Saudi Arabia is likely to raise its official selling prices (OSPs) for crude oil bound for Asia in October, a Reuters survey showed, after Middle East spot crude markets rallied on tighter supplies and firm demand. The Baker Hughes rig count showed US oil rigs in operation were down 5 rigs to 447 last week, the biggest weekly decline since March.
NATURAL GAS
October Natural Gas was higher overnight, after first falling below Friday’s low, forming an outside day. The 6-10 and 8-14 day forecasts show above normal temperatures for most of the US out through September 13, which should help support late season cooling demand and keep weekly builds below average for another couple of weeks. The offsetting factor is strong US production.
Interested in more futures markets? Explore our Market Dashboards here.
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2021 ADM Investor Services International Limited.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
Latest News & Market Commentary
ADM & Industry News
Crude Oil Higher on Resumption of Gulf Hostilities
August 31, 2026
Market Digests Warsh Remarks
August 31, 2026
