Commodities (Crude Oil & Copper) & Macro Outlook

China's domestic futures main contracts fell broadly at night session open on November 3. Coking coal, Shanghai tin, and Shanghai silver dropped nearly 2%, while low-sulfur fuel oil, styrene, pure benzene, crude oil, fuel oil, aluminum alloy, and international copper declined over 1%. Caustic soda a

According to ChainCatcher, a Hyperliquid whale currently holds a long position in crude oil valued at $148 million, with an unrealized loss of $540,000. The whale previously exited an Ethereum position with $8.99 million in

In US Stock Market News today, the New York Stock Exchange (NYSE) and Nasdaq will remain open for regular trading on Tuesday, November 3, 2026, as Americans vote in the midterm elections. Election Day is not a federal holiday, meaning banks, financial markets, and most private businesses will

According to BlockBeats, on November 3, Jeff Currie, founder and CEO of Real Macro and former chief energy strategist at Goldman Sachs and Carlyle Group, recommended investors take short-term profits on crude oil amid the rally. Brent crude has gained approximately 75% year-to-date, providing

According to CME Group data released in October 2026, the exchange processed a record average of 30 million contracts daily, up 15% from October 2025 and surpassing the previous record of 26.3 million. Cryptocurrency futures averaged 145,000 contracts daily with a notional trading volume of

Brent crude oil fell below $105 per barrel to $104.99 on November 3, with intraday gains narrowing to 0.24%. WTI crude declined to $96.99 per barrel. The price decline follows reports that Iran's president stated the Supreme Leader has permitted negotiations on previously non-negotiable

Marathon Oil (MRO) projected its fourth quarter refining operations cost at $5.60 per barrel.

According to state media Xinhua, on November 3, China's central bank announced it will raise financial institutions' foreign exchange deposit reserve requirement ratio by 2 percentage points, from the current 4% to 6%, effective November 15. The People's Bank of China said the move aims to

Brent Crude Oil fell 7.6% on November 2, the trading day before the U.S. midterm elections. Market participants attributed the decline to uncertainty surrounding potential U.S. foreign policy shifts, particularly regarding

US Stock Market News showed mixed futures trading as Big Tech's lacklustre earnings and steep capital spending targets unnerved Wall Street, with AI anxiety putting global stocks under pressure on November 3 (4:48 AM IST). Wall Street futures remained mixed following Big Tech earnings

According to Onchain Lens data monitoring on November 3, a Hyperliquid trader maintained two leveraged long positions in crude oil with 10x leverage. Brent crude accounted for approximately $91.77 million, while WTI crude represented approximately $56.62 million, bringing the combined position

According to Foresight News, New Fire Group has entered the seed-stage testing phase for its Global Macro Multi-Asset Strategy, led by Chief Economist Fu Peng. The FICC+C framework covers fixed income, interest rates, foreign exchange, commodities, and digital assets, targeting institutional

Shanxi Energy Bureau held a provincial coal production and supply meeting on November 3, following the October 31 national energy bureau meeting. The session conveyed the central government's policy guidance and provincial government directives on coal safety, stable production, and supply,

South Africa's government announced it will decrease gasoline prices by 1 cent per liter starting from November 4.

According to Jin10 Data on November 3, Oman is capitalizing on opportunities from the Iran conflict to achieve billions of dollars in economic growth, becoming one of the region's biggest beneficiaries. The nation of 5.4 million has largely avoided severe disruptions from Iranian attacks that have d

On Monday (Nov 2), U.S. stock markets displayed divergent performance: the S&P 500 fell 0.5% or 38.67 points to close at 7,541.40; the Nasdaq Composite dropped 1.1% or 272.68 points to 25,164.32; and the Dow Jones advanced 213 points, or 0.4%, to 51,983.98. Nearly 70% of S&P 500 constituents

According to Saudi Aramco's chief executive, the company lost 15% of its effective oil production capacity following a tanker attack in recent days.

According to Swissquote analyst Ipek Ozkardeskaya, on November 3, if the Democratic Party gains control of one or both chambers of Congress in the U.S. midterm election, it could create conditions for sustained oil price declines. The analyst noted that Democratic control may strengthen scrutiny on

According to China's Ministry of Commerce on November 2, 2026, beef imports from New Zealand under the safeguard measures have reached 50% of the quota established in Ministry of Commerce Notice 2025 No. 87. Once imports reach 100% of the quota, an