Commodities (Crude Oil & Copper) & Macro Outlook

According to Bitget, WTI crude oil rose $0.5 to $82.43 per barrel today, while Brent crude climbed to $87.86 per barrel with the same gain.

According to Jin10 Futures, Shanghai Futures Exchange fuel oil futures warehouse inventory rose to 95,390 tons on August 28, up 34,970 tons from the previous trading day. This represented the most significant change among energy and chemical futures holdings tracked that day.

According to Jin10, Shanghai Futures Exchange warehouse receipt data on August 28 showed declines across most major commodities. Aluminum futures receipts fell 5,664 tons to 245,510 tons; zinc dropped 2,781 tons to 112,169 tons; refined aluminum warehouse receipts decreased 6,032 tons to 242,678 ton

South Korea's Fair Trade Commission held its first plenary hearing on May 27 regarding alleged government bond bid-rigging by 15 financial institutions, including 10 securities firms and 5 banks. The firms are accused of exchanging bid rate information from January 2020 to June 2023 during governmen

According to China's National Development and Reform Commission (NDRC), effective August 28 at midnight, domestic gasoline and diesel prices increased by 375 yuan ($52 USD equivalent) and 360 yuan per ton,

WTI crude oil declined 1.00% intraday on August 28, trading at $82.11 per barrel.

German import prices rose 6.8% year-on-year in July, according to economic data, coming in below the consensus forecast of 6.9% and up from 6.1% in the prior period.

According to Jin10 Futures, China's asphalt average price rose to 4,700.29 yuan/ton this week, up 141.34 yuan/ton or 3.1% week-over-week on Aug 28. On the cost side, although the Strait of Hormuz remains closed, revival expectations have improved, leading crude oil prices to decline moderately week-

According to CME data, on August 27, energy and precious metals futures showed divergent trading patterns. WTI crude oil volume increased 24,318 contracts to 639,635, with open interest rising 2,394 contracts to 1,911,466. Brent crude oil volume grew 13,696 contracts to 141,740, and open interest

According to JPMorgan's July 24 report "Food Security is National Security," the bank projects global food inflation could reach approximately 5% annualized in the first half of 2027, nearly doubling from an estimated 2.8% in the same period of 2026. Two factors compound the outlook: Middle East co

According to Goldman Sachs strategist Rich Privorotsky on Aug 28, oil price movements may have a greater impact on markets than Federal Reserve Chair Powell's Jackson Hole speech. The bank believes the market may be overweighting Powell's remarks while underestimating oil's influence on inflation an

According to MoneyDJ, USA Rare Earth completed a $1.55 billion capital raise on August 24, with $750 million from the U.S. government funding a special purpose vehicle for the Serra Verde Phase 1 project. The arrangement includes price floors for

Qatar has extended its force majeure suspension on liquefied natural gas supplies to Pakistan through October, according to trade reports. The extension suspends contractual obligations between the two nations regarding LNG

According to multiple trade sources, QatarEnergy sold at least 7 million barrels of various grades of Qatar crude oil this week for October shipment via tender. The cargo was priced at a premium of approximately 6-7 USD per barrel to Dubai crude on a free-on-board (FOB) basis and will be loaded via

According to Jin10, Argentina's oil production reached a record high of over 916,000 barrels per day in July, up 17.2% year-over-year, according to latest government data released on August 28. Bakambuerta oilfield was the primary driver of growth, producing over 643,000 barrels per day in July, a

According to Jin10, Indorama Ventures, Thailand's second-largest listed petrochemical company, reported on Aug 28 that a persistent supply surplus is beginning to ease amid supply disruptions and factory closures in the Middle East. CEO Alok Lohia stated that geopolitical tensions are disrupting

President Donald Trump hinted at potential sanctions on Chinese banks over Iran transactions, responding 'Who said I'm not?' when asked by reporters. The remark came two days after Treasury Secretary Scott Bessent announced Operation Economic Outcast on August 25, a sanctions expansion designating o

JPMorgan warned in a report published July 24 that global food prices face a 'compounding storm' driven by Middle East conflict and extreme weather patterns. The bank's report, titled 'Food Security is National Security,' projects global food inflation could reach approximately 5% on an annualized b

According to U.S. Central Command, American forces successfully removed mines laid by Iran's Islamic Revolutionary Guard Corps (IRGC) from international shipping lanes in the Strait of Hormuz on August 27, CENTCOM Commander Brad Cooper said in a video statement. Cooper stated that U.S. naval and

According to JPMorgan's July 24 report, the bank projects that global food inflation could reach roughly 5% on an annualized basis in the first half of 2027, nearly doubling from 2.8% in the same period in 2026. The forecast cites two primary pressures: Middle East geopolitical tensions that have di