Commodities (Crude Oil & Copper) & Macro Outlook

BP forecasts upstream production for the third quarter of 2026 at 2.19 to 2.24 million barrels of oil equivalent per day.

According to Jin10 Futures, oil prices experienced significant volatility on October 13 following a diesel agreement between Trump and Putin. Initial market optimism from the deal pushed prices lower at the open, but they rebounded sharply after Iran reaffirmed its control over the Strait of

According to Guru Club, on October 13, coke coal futures contracts rose 2% to trade at 1,581 yuan per ton.

According to Jin10, on October 12, WTI crude oil trading volume reached 805,134 contracts and open interest rose to 1,897,586 contracts, up 40,271 and 3,523 respectively from the prior session. Brent crude oil volume totaled 118,964 contracts with open interest at 229,797 contracts, increasing

Bitcoin fell below $81,000 at about 12:50 a.m. UTC on Oct. 13 before rebounding above $83,000, according to CoinDesk. The decline coincided with a sharp selloff in South Korean stocks, where the Kospi index dropped more than 6% intraday and fell below 6,000, with Samsung Electronics and SK Hynix

According to the IMF on October 13, the ongoing el Niño phenomenon and its associated extreme weather could further weaken commodities markets and push up food and energy prices. The organization noted that el Niño typically drives commodity prices higher while dampening economic activity,

According to IMF Chief Economist Silvana Tenreiro, on October 13, central banks should maintain strict monetary policy focus on price stability while inflation risks persist. She stated that central banks need to keep policy stances sufficiently tight to bring inflation back to target levels and

According to pricing documents released earlier this month, Kuwait lowered its crude oil prices for November deliveries to Asia.

According to Dalian Commodity Exchange Vice President Wang Yufei on Oct 13, the exchange is advancing scrap steel futures listing and optimizing contract rule design as part of its efforts to support the steel industry's high-quality development. Wang said the exchange continues collaborating with i

From 03:30 to 03:45 (UTC) on October 13, 2026, BTC edged up over 15 min, with a Return % of +0.30%, a price range of 82,956.1 to 83,591.7 USDT, and an Ampl of 0.77%. It is currently at 82,748.9 USDT, down 1.37% over the past 24 hours. Overall volatility remains limited, with the market in a narrow-range consolidation. The main driver of this move is a combination of macroeconomic pressures. Rising expectations of a stronger Dollar, along with higher oil prices driven by geopolitical risks, pushe

According to Guru Club, on October 13, methanol futures fell over 7% in morning trading, leading declines in China's commodity markets. Lithium carbonate dropped nearly 4%, while ethylene glycol, synthetic rubber, and natural rubber lost over 3%. On the upside, low-sulfur

According to Jin10 Futures, as of Oct 13 at 11:31 AM, China's futures markets saw significant capital movements across key contracts. Top inflows included coking coal 2701 futures at 440 million CNY, aluminum oxide 2701 at 424 million CNY, and low-sulfur fuel oil 2612 at 369 million CNY.

According to Chinese Securities Gold Bull (Zhongzheng Jinniu), multiple leading polysilicon producers recently held a closed-door meeting in Hangzhou and agreed that the average polysilicon cost with tax shall not fall below 43,000 yuan per ton, along with corresponding sales price floors. The meeti

According to Guru Club, Saudi Arabia's Energy Minister Abdulaziz bin Salman announced on October 12 that the kingdom plans to increase daily capacity of the East-West pipeline to around 10 million barrels. The announcement was made during his participation in the 25th World Petroleum Council Energy

According to Goldman Sachs on October 13, the potential release of 50 million barrels from European strategic diesel reserves could reduce wholesale diesel prices in the U.S. Gulf Coast and Europe by $11 per barrel. The bank stated that Russia's announced diesel release is expected to have no

According to the International Monetary Fund's World Economic Outlook report released yesterday (October 12), monetary policy should firmly focus on price stability and prevent secondary inflation effects, with policy stance sufficiently contractionary to return inflation to target quickly. The

According to Shanghai Steelunion, battery-grade lithium carbonate (MMLC) midpoint prices fell to 107,250 yuan per ton in early morning trading today, down 4,500 yuan from the previous day's 16:30 closing price.

According to Goldman Sachs and Yahoo Finance, on October 13, the bank raised its average target price for December Brent crude oil futures to $90 per barrel from $85 per barrel, citing geopolitical tensions in Iran. The bank also set its target for U.S. West Texas Intermediate (WTI) crude at $81 per

According to the IMF World Economic Outlook report, oil prices will reach $130 per barrel in the first quarter of 2027 under an escalating Middle East conflict scenario. The projection would reduce global economic growth by 0.2 percentage points in 2026 and 0.5 percentage points in 2027.

According to the International Monetary Fund's latest World Economic Outlook report, the organization projects crude oil to average $96 per barrel in 2026 and $87 per barrel in 2027. This represents an upward revision from its July forecast, which estimated $89 and $78 per barrel for the same