Commodities (Crude Oil & Copper) & Macro Outlook

中東戰事延宕推升油價，高盛將第四季布蘭特預測從80美元上調至90美元，WTI亦估83美元；預計波斯灣原油出口要到6月底才能恢復，且恐出現永久性產能「疤痕效應」，每日約減50萬桶。布蘭特現貨突破106美元，美股因強勁財報逆勢創新高。

比特幣於 4 月 27 日（週一）亞洲早盤跌破 78,000 美元；同期受美伊第二輪和平談判再次破局影響，布蘭特原油價格上漲 1% 至每桶 106.50 美元，美國原油（WTI）同步上漲 1% 至每桶 95.40 美元。以太幣報 2,335.24 美元，瑞波幣報 1.4230 美元。

根據國際能源總署（IEA）於 4 月 26 日發布的分析及市場數據，2025 年五大科技公司的合計資本支出超過 4,000 億美元，主要投入 AI 基礎設施建設，規模已超越全球石油和天然氣生產的年度投資規模。IEA 估計，2026 年相關資本支出可能進一步增長 75%。

Gate News message, April 27 — The crypto market slipped 0.5% to $2.59 trillion as investors braced for several major U.S. economic releases this week that could shape Bitcoin and altcoin price direction. Bitcoin traded near $77,800, while the Crypto Fear & Greed Index has recently moved toward the m

自荷姆茲海峽僵局以來，全球船商紛改道巴拿馬運河，無預約須以拍賣競標，最高曾出價約400萬美元。案例顯示一艘原送歐洲燃油的船改道新加坡，額外花費達400萬。保險界亦把荷姆茲列為高風險戰區，短期難回到2025年水準；巴拿馬亦對伊朗扣留 MSC Francesca 表示抗議。

Gate News message, April 27 — Citigroup raised its price forecasts for Brent crude oil (the international benchmark for crude oil pricing) for the remainder of 2026 on Sunday evening. The bank now projects average prices of $110 per barrel for Q2, $95 per barrel for Q3, and $80 per barrel for

Gate News message, a whale deposited $2 million USDC into HyperLiquid and opened short positions of 21,000 BRENTOIL and 19,000 CL with 3x leverage.

Gate News message, April 27 — Goldman Sachs raised its fourth-quarter oil price forecasts on April 26, citing supply tightness in the Middle East. The bank now expects Brent crude oil (London benchmark) to reach $90 per barrel and WTI crude oil (U.S. benchmark) to reach $83 per barrel, up from

本週多國央行公布利率決策，市場預期美聯儲維持不變。中東衝突升溫，荷姆茲海峽運輸受阻，推升能源與原物料價格，全球通膨壓力上升，各央行因此謹慎觀望。美國GDP預估2.2%年化、PCE上升，顯示經濟韌性與通膨並存；市場普遍認為 Fed 將維持利率。鮑威爾可能是任內最後一次主持，Warsh 任命路徑亦受 DOJ 事件影響。

Gate News message, April 27 — The ongoing US-Israeli conflict with Iran is expected to trigger a sharp rise in global business failures, with credit insurer Allianz Trade forecasting worldwide insolvencies could surge 6 percent in 2026, up 2 percentage points from pre-war projections. The war, which

Gate News message, April 27 — Iran has proposed a new initiative to the United States prioritizing an agreement on reopening the Strait of Hormuz and lifting maritime blockades, while postponing nuclear negotiations to a later stage, according to AXIOS citing a U.S. official and two informed sources

Gate News message, April 26 — The U.S. Commodity Futures Trading Commission (CFTC) has cut 24% of its workforce since Donald Trump returned to office, leaving the agency at its lowest staffing level in 15 years amid growing insider-trading risks across crypto, oil futures, and prediction markets. Th

Gate News message, April 26 — In an interview on April 26, U.S. President Trump commented on the Iran situation, stating that America's greatest advantage is having destroyed Iran's navy and air force, with Iran's leadership now replaced. Trump noted that the current Iranian leadership is mixed—some

Gate News message, April 26 — Hong Kong's Financial Secretary Chen Maobo published a commentary titled "Converging Greater Energy Through Innovation and Collaboration," outlining the latest perspectives on global asset allocation trends and ETF market development. Chen emphasized that global

Gate News message, April 26 — The week ahead marks a "super central bank week" with the U.S. Federal Reserve set to announce its interest rate decision. Markets have tracked Middle East developments closely, with U.S. stock indices reaching all-time highs despite ongoing geopolitical risks. Key

Gate News message, April 25 — President Donald Trump announced on Saturday that he had canceled a planned trip by US envoys to Islamabad, Pakistan, to meet with Iranian leaders after Iran's representatives indicated they would not attend. Steve Witkoff and Jared Kushner were expected to travel for t

Gate News message, April 25 — U.S. crude oil exports are on track to hit a new all-time high of 5.48 million barrels per day following the closure of the Strait of Hormuz, which has redirected Asian and European buyers toward American supply. The U.S. Energy Information Administration (EIA)

Gate News message, April 25 — Iran denied that its officials would meet U.S. negotiators in Pakistan this weekend, even as the Trump administration sent two senior envoys to Islamabad. Foreign Ministry spokesperson Esmaeil Baqaei said late Friday that no meeting was planned between Iran and the U.S.

4 月 25 日，伊朗再度升级霍尔木兹海峡管控方案，比特币徘徊 77,500 美元，黄金报 4,709 美元，布伦特原油站上 106 美元。地缘风波再起，三大资产如何联动？

Gate News message, April 25 — Peng Fu, newly appointed chief economist at XinHuo Group, outlined his analysis of Bitcoin's underlying business logic in a series of posts on X today. According to Fu, the commercial models of Bitcoin perpetual futures and ETFs are fundamentally identical to the