π° Hourly Briefing | 2026-08-30 23:00 CST
Trump says he will fill the US Strategic Petroleum Reserve with Venezuelan oil; Shanghai-listed half-year reports close, 2,318 companies post 26.22 trillion yuan revenue in H1; EU says it respects Iceland's choice and remains a close partner
π Market Snapshot
- Spot Gold (XAUUSD): 4454.28, down 147.35 (-3.20%) β ο½ Friday close, no weekend trading
- WTI Crude (USOIL): 82.763, down 0.196 (-0.236%) β ο½ Friday close, no weekend trading
π₯ Key News This Hour
- Trump posts that he will fill the US Strategic Petroleum Reserve (SPR) with Venezuelan oil, saying “the process to replenish to full capacity will start soon” and calling it a gift from Venezuela to America
- EU Commission spokesperson: respects the choice of the Icelandic people, Iceland remains a close partner of the EU
- Shanghai half-year reports close: 2,318 listed companies report combined H1 revenue of 26.22 trillion yuan, with ex-non-recurring net profit growth at the highest since 2022
- IMAX box office in China grew nearly 40% year-on-year this summer, its strongest summer season in 25 years in the country
- Per CBS: Trump administration deported 100+ people from Afghanistan, Cuba, Nicaragua and other countries to 8 African nations in 10 days
π§ Assessment
Gold holds below 4500; sentiment stays cautious after last hour’s 3.2% plunge, with no new catalyst this period.
Trump’s plan to fill the SPR with Venezuelan oil: extra supply pressure is bearish for oil, but SPR refilling itself is a demand support β direction needs follow-up.
Weekend newsflow is broadly light; focus shifts to Monday’s China official PMI and other data.
β° Upcoming Key Data
- Monday (8/31): China August official Manufacturing PMI, Germany August CPI MoM preliminary, US August Dallas Fed manufacturing activity index
- Tuesday (9/1): China August Caixin Manufacturing PMI, US August ISM Manufacturing PMI