Commodities (Crude Oil & Copper) & Macro Outlook

The European Union and China reached a trade agreement covering hybrid vehicle exports, market access, and rare earth export licenses, reported Oct. 9. Under the agreement, China will reduce hybrid vehicle exports to the EU by 50% from current levels. The two sides also agreed to improve

Brent crude oil futures settled at $104.72 per barrel today, up 44 cents or 0.42%.

According to Jin10 Data, WTI and Brent crude both dropped over $1 per barrel on October 10, trading at $90.13 and $102.05 per barrel respectively.

According to the U.S. Department of Treasury, the Office of Foreign Assets Control (OFAC) issued a temporary general license effective immediately today to allow the supply of Russian diesel to global markets.

According to President Trump, on October 10, he concluded talks with Russian President Putin in which Russia agreed to supply the U.S. and global markets immediately with over 300,000 tons of diesel. Additional supplies include 500,000 tons scheduled for November and 1 million tons to follow, with a

On October 9 overnight, Shanghai Futures Exchange crude oil futures 2611 contract closed down 0.20% at 739.80 yuan per barrel. Shanghai gold futures rose 1.05%, while Shanghai silver futures climbed 2.23%.

According to the Intercontinental Exchange, diesel speculators' net long positions decreased by 3,696 contracts to 70,157 for the week ending October 6.

According to Reuters, citing three industry sources, President Trump on October 10 is set to issue directives to certain agency heads seeking ways to control diesel prices, which are near historic highs ahead of the November 3 midterm elections. The instruction, likely issued as a presidential

According to the Intercontinental Exchange (ICE), speculative net long positions in ICE Brent crude oil futures declined by 3,250 contracts during the week of October 6, falling to 201,052 contracts—the lowest level in over two

In US Stock Market News on August 13, 2026, the S&P 500 reached a record high as Wall Street traders drove stocks higher on evidence of moderating inflation, reinforcing bets that the Federal Reserve will refrain from raising interest rates in September (8:19 PM UTC / 5:49 AM IST). The Nasdaq 100 ad

According to the Financial Times, President Trump has pressured Mexico and U.S. companies to reach an energy agreement.

According to Baker Hughes, U.S. energy companies added drilling rigs for the fourth time in five weeks. The data reflects continued activity in the upstream energy sector, though specific rig count increases were not disclosed in the available

U.S. total drilling rigs increased to 603 this week, up from 598 in the previous week, according to latest data.

U.S. oil rig count rose to 462 in the week ending October 9, up from 456 in the previous week.

The U.S. natural gas drill count totaled 132 wells in the week of October 9, down one from 133 wells in the prior week.

London Metal Exchange (LME) base metal futures closed mixed today (October 9). Copper rose $231 to $14,540 per ton, while aluminum declined $2 to $3,048. Zinc advanced $87 to $3,806, lead gained $28 to $1,888, and nickel climbed $69 to $15,622. Tin surged significantly by $1,559 to $53,006, while

According to FinanceFeeds reporting on the enforcement campaign, U.S. authorities on September 14 filed a civil forfeiture complaint against approximately $61 million in cryptocurrency allegedly connected to black-market Iranian oil sales. Federal prosecutors in Manhattan identified Chinese

According to the Chilean Copper Commission, Codelco produced 101,700 tonnes of copper in August, up 8.9% year-over-year.

According to Chile's National Copper Commission (COCHILCO), Escondida copper mine saw output decline 27.6% to 76,100 tonnes in August. Codelco's Chuquicamata mine also reported a 25.1% drop to 26,500 tonnes for the same

According to the U.S. Bureau of Ocean Energy Management, as of today, 8 of the 11 non-dynamically positioned drilling platforms currently operating in the Gulf of Mexico have evacuated personnel, representing 72.73% of the fleet in the