Commodities (Crude Oil & Copper) & Macro Outlook

According to the American Automobile Association (AAA), U.S. gas prices have surged $1.25 per gallon in August amid geopolitical tensions linked to the Iran conflict. The national average price of regular gasoline reached $4.081 per gallon, marking a significant increase from $3.2013 a year ago.

According to FinanceFeeds analysis, Brent crude settled at $88.10 on August 28, 2026, while the consensus forecast from J.P. Morgan and the EIA sits at $80 in Q4 and $78 at year-end—implying the current market price carries a geopolitical risk premium that forecasters do not expect to survive.

According to Jin10, Italy's Eni announced on August 29 it is collaborating with Venezuelan authorities to support the country's energy sector recovery. The move comes as the Trump administration seeks to control 55% of actual output from a joint venture involving oilfields with approximately 65

The International Monetary Fund (IMF) forecasts that global inflation will rise to 4.7% by the end of 2026, as the ongoing US-Iran conflict—now spanning six months—continues to disrupt energy markets and shipping routes. The extended regional tensions have weighed on global economic growth, with ene

According to Kitco News, Copper Giant Resources reported Thursday that directional hole MD-070 returned 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia. The interval, beginning 211 meters downhole, contained 0.33% copper and 0.039% molybdenum, with a

According to Jin10, Iran's Foreign Minister Abbas Araghchi stated on August 29 that intelligence shows U.S. government insiders are manipulating energy markets and using credulous media to influence prices for personal gain. He accused them of supporting a failed war and claimed allies of Israel are

According to Interfax, Russia extended its diesel export ban through September on August 29.

On Thursday, Copper Giant Resources Corp. reported that directional hole MD-070 intercepted 771 meters grading 0.54% copper equivalent at its Mocoa project in southern Colombia. The interval began 211 meters downhole and contained 0.33% copper and 0.039% molybdenum, with sub-intervals

According to the Kurdistan Regional Government, oil companies have resumed operations, pushing crude oil production to approximately 230,000 barrels per day.

According to Trump's statement on August 28, the United States has secured majority control of over 65 billion barrels of Venezuela's proven oil reserves through a newly brokered agreement. Trump stated the deal will more than double U.S. oil reserves, significantly increase oil supply, and

According to Xinhua News Agency, the Daqing Oil Field Tianjin Storage Gas Company recently reported that cumulative gas injection in the current cycle has exceeded 2 billion cubic meters, completing 90% of the overall injection plan and marking a new historical record, up 8% year-over-year. The inje

According to Dagang Oilfield Tianjin Storage Company, the Dagang Oilfield gas storage cluster has injected over 20 billion cubic meters of gas in the current cycle as of August 29, completing 90% of the overall injection plan and marking a new record high. The cycle injection volume grew 8% year-ove

Ripple Prime launched Delta One, a total return swaps business for institutional clients covering U.S. equities, indices, and digital assets, on Aug. 27. The offering enables hedge funds, asset managers, and other institutions to execute derivatives across supported asset classes through a single co

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT; OTCQB: LBCMF) announced Thursday that directional hole MD-070 at its Mocoa copper-molybdenum project in southern Colombia intercepted 771 meters grading 0.54% copper equivalent. The interval, which began 211 meters downhole,

According to President Trump, the United States secured a majority stake in over 65 billion barrels of Venezuelan oil reserves yesterday (August 28). Trump announced the agreement on his TruthSocial account, calling it "the largest oil deal in world history." The transaction was conducted through

According to CCTV, Iran's President Pezeshkian said yesterday (Aug 28) that Iran will open the Strait of Hormuz if the United States lifts its maritime blockade, removes sanctions on Iranian oil and petrochemical products, unfreezes Iranian assets, begins investment, forces Israel to cease

According to Ripple Prime's official announcement, the company launched Delta One on August 27, expanding equity derivatives for institutional clients including hedge funds and asset managers. The new business enables total return swaps on U.S.-listed equities, indices, and digital assets with

According to Guru Club, copper futures on the darkpool broke below $6.7 on August 29, declining 1.4% intraday.

According to Kitco News, Copper Giant Resources Corp. (TSXV: CGNT) reported Thursday that directional hole MD-070 returned 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia. The interval began at 211 meters downhole and contained 0.33% copper and 0.039%

According to iM Securities, WTI crude oil fell to $82.36 per barrel on August 29, down 3.1% from the previous month, as tensions between the U.S. and Iran eased. The decline brought prices close to the $70 level, a threshold analysts say could prompt the Federal Reserve to hold interest rates