Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, U.S. natural gas off-exchange prices broke through $3.4 today (October 10), gaining 4.1% intraday.

On October 9, President Trump announced that Russia will supply diesel fuel to global markets. Critics and commentators quickly noted the policy contradicts earlier U.S. efforts to restrict Russian oil sales, including the recently signed Lindsay O. Graham Sanctions Russia and Iran Act of 2026,

The USD-KRW exchange rate traded at 1,342.00 won as of 6 AM on October 10, down 0.80 won from the previous close of 1,342.80 won. Trading volume remained extremely thin due to the Hangeul Day holiday. The won showed resilience despite broader dollar strength, as President Trump announced diesel

According to Yicai, on October 9 evening, Bitcoin crashed over 3% to $84,511, with Ethereum declining nearly 5% and Solana down 3%. Spot gold broke below $4,100 per ounce, down 2.26% intraday and hitting its lowest level since August 5, while silver fell through the $60 mark with a 3.5% decline.

Workers at Antofagasta Plc. have escalated their copper mine strike with three union members beginning a hunger strike to pressure the company back to negotiations. The union is demanding an end to what it calls discriminatory treatment, citing wage and benefits disparities between employees doing i

The Canadian dollar weakened after Canadian employment data showed a decline in September, pushing the US dollar higher. Canadian employment fell 68,000 in September versus a forecast gain of 7,000, according to Statistics Canada. The unemployment rate rose 0.1 percentage point to 6.5%. US

According to Guru Club, U.S. natural gas futures broke through $3.4 on October 10, with intraday gains of 3.6%.

According to Reuters, Russian envoy Dmitriyev demanded during his Washington visit that Moscow grant all major oil companies licenses to export diesel to the U.S. market, citing sources familiar with the

According to Yonhap Infomax, U.S. President Donald Trump and Russian President Vladimir Putin agreed on October 9 to a diesel supply arrangement. Trump stated that Russia will immediately supply over 300,000 tons of diesel fuel to the U.S. and global markets, with an additional 500,000 tons in

According to Bitcoin Magazine, Bitcoin fell below $81,000 on Thursday morning, October 8, down 3% in 24 hours and 4% over seven days. The decline was driven by surging Brent crude prices following renewed tanker attacks in the Strait of Hormuz, which raised expectations of higher U.S. interest

According to CFTC official statement, the U.S. Commodity Futures Trading Commission unveiled proposed rules on October 10 to classify event-based contracts on sports, politics, culture, and weather as swaps under its jurisdiction. The proposal will be open for public comment for 30 days. CFTC

According to Axios, on Friday, October 10, President Trump announced lifting sanctions against Russia and allowing Russian diesel exports following a call with President Putin. The decision prompted immediate criticism from President Zelensky, who told reporters the move appeared "unfair and

According to ChainCatcher, Russian President Vladimir Putin stated on October 9 that Russia is willing to supply oil and petroleum products to the United States and global markets. Deputy Prime Minister Novak said Russia plans to increase diesel supplies to the U.S. market in October, with

Ukraine's Foreign Minister stated on October 9 that easing sanctions against Russia would neither facilitate peace nor benefit global markets. According to the official statement, the only effective way to reduce oil prices is to achieve a ceasefire in the energy sector. The Foreign Ministry

Hurricane Isaias prompted producers in the U.S. Gulf of Mexico to halt approximately 1.46 million barrels per day of crude production as of Friday noon ET, with 129 platforms evacuated. The shutdown affects nearly three-quarters of the region's total oil

US Stock Market News reported significant declines Tuesday as major indexes finished in the red, with chipmakers experiencing substantial losses following U.S.-Iran tensions that pushed oil prices higher. The tech-heavy Nasdaq composite closed 1.3% lower, while the Nasdaq-100 retreated 1.7%, and the

On Friday, October 9, Gold ETF surged 1.57%, leading major U.S. asset class ETFs, followed by Real Estate ETF up 1.45% and Emerging Markets ETF up 1.06%. The Dow ETF, U.S. Investment Grade Corporate Bond ETF, S&P 500 ETF, Brent Oil Fund, Soybean Fund, Nasdaq-100 ETF, U.S. 20+ Year Treasury ETF, and

According to Russian Deputy Prime Minister Novak, oil exports are expected to rise further in November and December as refineries resume operations following maintenance.

According to Jin10, Russian Presidential Envoy Dmitriyev stated on Oct 9 that Moscow and Washington will continue energy and economic cooperation following a successful call between the two presidents. The cooperation will bring benefits to global markets, Dmitriyev said on social

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators reduced net short positions in U.S. 10-year Treasury futures on the Chicago Board of Trade (CBOT) by 4,134 contracts to 896,481 contracts in the week ended October 6. Meanwhile, speculators increased net short positions