Commodities (Crude Oil & Copper) & Macro Outlook

China's night trading session opened on October 9 with domestic futures markets showing broad gains. Natural rubber futures (NR) led with a gain exceeding 2%, while rubber and synthetic rubber contracts rose nearly 2%. Coal and propylene futures, as well as tin, silver and coke contracts, climbed

WTI crude oil futures recovered earlier losses today, rising 0.23% to $91.586 per barrel, as the contract erased a previous 1.5% decline.

The Brent oil price held above $102 a barrel on October 8 after the Pentagon instructed US Central Command to complete preparations for a possible resumption of large-scale combat operations against Iran. December Brent traded at $102.87, down 1.35% on the day, having given back part of an October 8

According to ChainCatcher, Hurricane Isaias is approaching the U.S. Gulf of Mexico region, forcing a halt to approximately 63% of offshore oil production. Major energy operators including BP, Shell, and Chevron have reduced output and evacuated platform personnel. The hurricane is expected to make l

According to Axios, on October 8, the Pentagon instructed US Central Command to prepare for renewed large-scale military operations against Iran. December Brent crude held at $102.87, down 1.35% on the day. No date has been set for any strikes, and President Trump has not decided whether to

According to Jin10, major oil producers including BP suspended Gulf of Mexico production and evacuated offshore platforms on Thursday (October 9) as Hurricane Isaias approached. BP said it withdrew all personnel from the Na Kika and Thunder Horse platforms, while Shell, Chevron, and Harbour Energy a

Global foreign exchange markets and commodity valuations are being shaped by Middle East geopolitical tensions, particularly the ongoing standoff between the United States and Iran, persistent energy inflation, and volatile US Treasury bond yields. Elevated energy and oil prices continue to drive in

According to Jin10, Australia's government will submit final rules next week requiring liquefied natural gas exporters to retain up to 20% of total production for domestic supply. The domestic gas reservation plan is set to take effect on July 1, 2027, to address anticipated natural gas supply

According to Washington Post, on October 9, the Trump administration shifted its approach to Iran's economy from pursuing short-term impact to long-term attrition, after economic sanctions and port blockades failed to force Tehran to accept U.S. negotiating terms. Treasury Secretary Bessent had

Germany's economy minister announced on October 9 that the country will release up to 15 million barrels of oil and petroleum products from its strategic reserves.

According to Yi Cai, Bitcoin and major cryptocurrencies plunged tonight (October 9), with over 110,000 traders liquidated in the past 24 hours, according to Coinglass data. Bitcoin crashed more than 3% to $83,511, marking its lowest level in nearly a week, while Ethereum fell nearly 5% and Solana de

According to reports, on Friday (Oct 9), the EU Commission assessed the feasibility of imposing windfall taxes on energy companies across the bloc to ease consumer and business burden from energy price shocks linked to the Iran conflict. According to sources, the commission raised the proposal at a

According to LSEG Lipper, as of the week ending October 7, global money market funds recorded net inflows of $153.81 billion, the largest weekly inflow since May 6. The surge reflects risk-off sentiment amid elevated U.S. Treasury yields and oil prices, which have heightened inflation concerns.

According to the Commerce Ministry, China and the European Union announced consensus measures from the second session of their bilateral trade and investment consultation mechanism on October 9. Both sides agreed on the importance of enhancing predictability and stability in global industrial and su

In today's US Stock Market News, major indices are positioned for gains as investors look to close the week strong. S&P 500 futures jumped 0.35 percent to 7,843, Dow Jones futures were up 0.06 percent to 51,526, Nasdaq futures scaled up by 0.74 percent to 31,199, and Russell 2000 futures rose 0.24 p

According to BlockBeats, on October 9, Trump administration tax cuts and strategic petroleum reserve releases have failed to control surging U.S. energy prices ahead of the November 3 midterm elections. U.S. diesel reached a record $6.52 per gallon in September, while gasoline climbed above $4

S&P 500 companies are projected to deliver approximately 31% earnings growth in the third quarter of 2026, according to Wall Street analysts. The surge is driven primarily by artificial intelligence and technology companies, which are expected to contribute roughly two-thirds of the index's profit i

According to Slovakia's Economy Minister Sokova, the country is considering potential U.S. oil supplies as part of efforts to diversify away from Russian oil imports. Despite the diversification strategy, Slovakia plans to continue importing Russian oil through 2027, according to the statement

According to President Zelenskyy, on October 9, Ukraine struck two major Russian oil refineries: one in Omsk and another in Ukhta, located approximately 1,900 kilometers from Ukraine's border.

According to Italy's Energy Ministry, the Italian energy minister will not attend next week's ministerial energy meeting in Riyadh in person, opting instead to participate via video conference.