Commodities (Crude Oil & Copper) & Macro Outlook

According to Iran's Tasnim News Agency, the Iranian Revolutionary Guard's Navy Public Relations Department stated today that an oversized crude oil tanker attempting to transit the Strait of Hormuz through an unauthorized shipping lane detonated after striking a mine. The statement warned that any v

According to Jin10 Data, on October 11, U.S. President Trump said the U.S. may participate in Saudi Arabia's military action against Houthi forces. When asked whether he had decided to join the strikes, Trump responded: "We may participate. We are assessing the situation. We just learned about

U.S. President Donald Trump said recently that Ukrainian President Volodymyr Zelensky can take any action he chooses, but should avoid striking oil refineries and ideally stop immediately. Trump's remarks reflect ongoing U.S. engagement in Ukraine's military strategy amid the ongoing

US Stock Market News indicates a flat-to-negative opening expected on Thursday, July 2, as index futures suggest cautious trading ahead of the June nonfarm payrolls release. Wall Street ended lower on Wednesday, July 1, with the Dow Jones Industrial Average slipping 13.96 points, or 0.03%, to

According to Guru Club, New York crude oil fell below $91 on October 10, declining more than 0.8% intraday.

According to Barron's, on Friday (Oct. 9), U.S. retail diesel prices reached $6.28 per gallon, up over 70% year-over-year, despite Trump's announcement to relax Russian diesel import sanctions. The administration said Russia would immediately supply 2 million barrels of diesel to the U.S. and

According to Guru Club, Amrita Sen, founder and head of market intelligence at Energy Aspects, said Friday that crude oil futures prices are "severely disconnected" from the reality in the Middle East, with some physical crude oil prices should approach $150 per

According to the Ukrainian General Staff, Ukrainian forces struck Russia's Samara oil dispatch station on October 10, with damage assessment ongoing. The facility serves as a major hub for receiving, storing, and blending crude oil for Russian military supply. Ukrainian officials confirmed that in a

According to Trump's statement on October 10, Russia will immediately supply over 300,000 tons of diesel to the U.S. and global markets, with an additional 500,000 tons scheduled for November and another 1 million tons to follow, according to Trump's account of his talks with President Putin. Russia

According to the U.S. Institute for Energy Economics and Financial Analysis, on October 9, the European Union faces a critical natural gas supply shortage as winter approaches, potentially affecting over 10 million households. The Association of European Gas Infrastructure Operators warned on Octobe

According to New York Federal Reserve research, President Trump's tariffs raised prices on 67 product categories by 2.9% as of February 2026, a shift that would have seen these goods decline by nearly 1% without the tariffs. The Fed's analysis found that a one percentage point increase in the

According to Zhuochuang Consulting and Jin10 Futures, propylene prices surged to 10,295 yuan/ton (approximately $1,425/ton) on October 10, marking a new yearly high after breaking the 10,000-yuan threshold. The gains were driven by Middle East geopolitical tensions during the National Day holiday, w

According to Guru Club, the U.S. Department of Agriculture raised its 2026 corn yield estimate to approximately 16 billion bushels on October 9, up 1% from last month, significantly exceeding Bloomberg's analyst survey projection of 15.73 billion bushels. Corn futures fell 6% intraday to 470.25

According to Guru Club, WTI crude oil futures broke through $90 per barrel today (October 10), with intraday gains exceeding 1%.

According to Yi Caai, over 110,000 traders faced liquidations overnight on October 10 as the crypto market accelerated its downturn. Bitcoin plunged over 3% to $83,511, marking its lowest point in a week, while Ethereum fell nearly 5%. SOL declined 3%,

According to Foresight News, the U.S. Commodity Futures Trading Commission (CFTC) released a final rule excluding casino betting products—including sports betting and casino game wagering—from the regulatory definition of 'Swap.' CFTC Chair Michael S. Selig stated that casino betting products do

According to BlockBeats, on October 9, the U.S. Treasury's OFAC issued General License No. 135, permitting sales, deliveries, and imports of Russian-origin diesel through April 7, 2027. President Trump announced a phased increase in diesel supply totaling approximately 4.8 million tons. On-chain

On August 16, 2026, US Stock Market News showed equities and bonds declining together as elevated oil prices fueled inflation concerns and dimmed hopes for a deal to end the Iran war. Brent crude settled near $91 a barrel, spurring speculation that inflationary pressures could make the Federal

According to Guru Club, on October 10, ultra-large tanker rates surged to a 60-year high amid a global shipping crisis. The cost to transport a single crude cargo from the United States to China reached $80 million, exceeding the launch cost of a SpaceX Falcon 9 rocket. The surge was driven by

The CFTC issued an Interim Final Rule and proposed rulemaking on October 9, 2026, proposing to classify event contracts tied to sports, politics, and weather as swaps under federal derivatives law. The interim rule excludes casino-style gambling products from the swap definition, while the proposed