Commodities (Crude Oil & Copper) & Macro Outlook

According to U.S. Central Command, Iran's Revolutionary Guard Navy commander claimed today that the Strait of Hormuz is under the guard's control and that any approaching U.S. naval vessels will be "sunk." The U.S. military countered that Iran's Revolutionary Guard Navy lacks actual naval

Houthi forces targeted Saudi Aramco's headquarters in Dhahran on Tuesday.

Saudi Aramco's headquarters in Dhahran was struck by Houthi forces on Tuesday. The incident marks the latest attack on the oil giant's facilities amid ongoing tensions in the region.

On Tuesday, October 13, most U.S. equity asset ETFs declined, with emerging market ETFs falling 0.62% and convertible bond and soybean funds dropping at least 0.51%. Russell 2000, dollar index, Dow Jones, and Nasdaq 100 ETFs fell up to 0.43%, while real estate, gold, agriculture, Brent crude oil, an

Gold prices declined on the 13th (US Eastern Time) as Middle East tensions escalated between Saudi Arabia and Yemen's Iran-backed Houthi rebels targeting each other's oil facilities. At 1:29 PM, December delivery gold futures (GCZ6) on the COMEX exchange traded at $4,176.70 per troy ounce,

U.S. energy producer NABEP received two drilling rigs in Venezuela last week, according to the company.

According to ICE executives, the Intercontinental Exchange plans to launch cattle and hog futures contracts targeting December 7 to compete with CME Group, which currently dominates the livestock derivatives market. The exchange will offer live cattle futures with physical delivery and three

According to sources familiar with the matter, Phillips 66's catalytic cracking unit at its Roxana refinery in Illinois has encountered operational issues. The facility typically processes approximately 355,000 barrels per

According to Bloomberg and CBOT, the Bloomberg Commodity Index for grains fell 0.28% to 32.3755 on Tuesday (October 13) in New York's closing session. CBOT corn futures declined 0.05%, wheat fell 0.50%, soybeans dropped 0.30%, soybean meal fell 1.44%, and soybean oil declined 0.95%. Livestock future

According to the White House, on October 13, President Trump accused Yemen's Houthi forces of deliberately raising oil prices ahead of the U.S. midterm elections. Trump said the Houthis are attacking Saudi Arabia through "very crude" means and likely aim to push up oil prices before the U.S. electio

WTI November crude oil futures closed at $94.14 per barrel today. NYMEX November natural gas futures settled at $3.2830 per million British thermal units. NYMEX November gasoline futures closed at $3.2501 per

According to Shanghai Futures Exchange data, crude oil futures contract 2611 closed flat at 753.30 yuan per barrel during the night session on Oct 13. In the same session, Shanghai gold fell 0.33% and Shanghai silver

According to Iranian Navy, an oil tanker with a disabled tracking system that attempted to pass through a restricted area caught fire and was damaged in the eastern waters of the Strait of Hormuz this afternoon. The vessel was detected by Iranian Navy monitoring

The Saudi-led coalition has recently attacked an oil facility in Sanaa that the Houthi movement uses to support its operations in Yemen, according to coalition statements.

Iran's Revolutionary Guard Navy Commander stated today that the force has transformed its tactical weaknesses into advantages, challenging the U.S. to verify who controls the Strait of Hormuz. The commander's remarks suggest Iran's readiness to defend its position in the strategic waterway, a

According to energy intelligence platform Vortexa, Iran's seaborne crude oil exports fell to zero in mid-September due to U.S. maritime blockade and remained halted as of October 5, with daily exports averaging 230,000 barrels in early September. Iran's seaborne tanker storage currently stands at 83

President Donald Trump stated on October 13 that Yemen's Houthi rebels are attacking Saudi Arabia to drive up global oil prices ahead of a US election. Trump raised the possibility that Iran may be behind the attacks and warned the Houthis he would 'come after' them following the vote. The

According to French data, French corn futures rose 4.6% to hit 289.75 euros per tonne on October 13, marking the highest level since 2023, amid a decline in corn production.

According to the U.S. Bureau of Ocean Energy Management (BOEM), approximately 16.13% of daily crude oil production and 16.59% of daily natural gas production in the U.S. Gulf of Mexico have been suspended as of

Last week, U.S. Strategic Petroleum Reserve crude stockpiles remained at 283 million barrels, marking the lowest level since October 1982.