Commodities (Crude Oil & Copper) & Macro Outlook

President Trump announced yesterday, October 8, that 28 million barrels of oil were shipped out of the Strait of Hormuz.

President Trump said yesterday that the Iran issue will end soon, regardless of circumstances. He added that once the Iran war concludes, U.S. energy prices will decline. According to available data, 28 million barrels of oil were transported from the Strait of Hormuz yesterday.

According to Washington Post, on October 9, the U.S. blockade of Iranian ports has reduced Iran's oil exports to minimal levels, causing Tehran to lose billions of dollars in monthly revenue. A senior Trump administration official stated the U.S. believes time is on its side, as the port blockade el

According to Gate data, Brent crude oil (XBRUSD) rebounded to $108.03 per barrel today, down 0.8% in the last 24 hours.

Venezuela's state oil company PDVSA said it aims to increase daily oil production to 1.5 million barrels by the end of 2027, according to a statement from the company's leadership.

According to Venezuela's state oil company PDVSA, its leadership expects to finalize approximately 105 oil contracts by year-end 2026.

According to Guru Club, Saudi Aramco will provide all of its oil supplies to European customers in November.

China's commodity futures market closed higher overnight on October 9, with natural rubber (20-year-rubber contract) rising 4.71%, rubber jumping 3.76%, and thermal coal gaining 3.39%. Methanol and coke increased by at least 2.81%, while synthetic rubber, soybeans, polypropylene, plastic, and LPG

On October 9, Brent crude rose 0.5% to $104.82 per barrel, while WTI crude climbed more than 0.5% to touch the $92 per barrel mark intraday.

According to China's Ministry of Agriculture on October 9, the 2026/27 soybean production forecast was cut to 20.36 million tons, down 590,000 tons from the previous month's estimate, due to lower-than-expected planted area and yield. The forecast remains above 20 million tons. Meanwhile, data from

Brazil's Planning and Budget Minister announced the government will implement a subsidy for diesel imports, with a cost of 1.6 billion Brazilian reais over a 30-day period. The measure aims to address fuel supply and pricing

According to Bloomberg, Italy and the EU are close to reaching an agreement allowing Italy to implement a natural gas price cap framework. The deal aims to help Prime Minister Meloni secure voter support amid rising energy

The Iranian Revolutionary Guard Navy announced today (October 9) that future operations against unauthorized vessels will extend beyond the Strait of Hormuz, with any ships traversing unauthorized routes facing severe punishment. The Navy said it struck a large liquefied petroleum gas tanker

According to Oxford Economics economist Tony Stillo, Canada's weak September labor market data has lowered the probability of a rate hike by the Bank of Canada in late October, though the option remains possible. Stillo still expects the central bank to raise rates by 25 basis points each in October

US Stock Market News showed positive momentum on Friday as the Dow Jones Industrial Average jumped 121.12 points to 51,352.76, a gain of 0.24%, while the S&P 500 rose 16.05 points to 7,781.41, up 0.21%, and the Nasdaq Composite gained 73.10 points to 27,266.44, up 0.27%. Technology stocks managed to

According to CCTV Finance, China's recycled aluminum products exports surged 160.6% year-over-year in June, marking a near-decade high. From January to August 2026, recycled aluminum alloy ingot exports totaled 342,000 tons, up 85% compared to the same period last year. Recycled aluminum

From 14:15 to 14:30 UTC on October 9, 2026, BTC/USDT rose from $82,859.7 to $83,240.8, gaining 0.36% over 15 min, with an amplitude of 0.46%. The price rebounded from the intraday low of $80,397 to above $82,500, but remained near the lower end of the overall range. The intraday trading range exceeded $3,100, while market risk appetite remained in a low-level recovery phase. The primary driver of this move was a marginal easing of geopolitical tensions in the Middle East. Trump said that “there

US equity funds recorded their first weekly outflow in three weeks during the period ended October 7, as investors locked in profits amid concerns over rising Treasury yields and crude oil prices, according to US Stock Market News data from LSEG Lipper. Investors withdrew a net $5.11 billion from U

According to Yonhap Infomax, on October 9, the U.S. dollar index (DXY) rose 0.068 points (0.067%) to 102.168 as of 7:55 a.m. ET, with upward momentum tempered by President Trump's declaration on Truth Social that the U.S. will not attack Iran ahead of the November 3 midterm elections. WTI crude

US Stock Market News showed major indices rising on Friday, October 9, 2026 at 9:35 a.m. Eastern time (7:05 PM IST), as lower oil prices supported gains toward the finish of a record-setting week. The S&P 500 rose 0.3%, the Dow Jones Industrial Average gained 116 points or 0.2%, and the Nasdaq