Commodities (Crude Oil & Copper) & Macro Outlook

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

According to TradingBeats monitoring, Polymarket trader "xm39" reversed its war-escalation bullish thesis on August 28, liquidating 1.759 million WTI crude oil contracts for $14.253 million at a $282,000 loss, then shorting crude this morning. The trader simultaneously reduced its "U.S. will

According to Jin10 Futures, Malaysia's benchmark palm oil futures for November delivery rose 1.1% on Friday morning, trading at 4,869 ringgit per ton on the Bursa Malaysia Derivatives Exchange. Despite the gain, the contract has declined 3.41% for the week, ending a three-week winning streak.

According to Goldman Sachs, oil exports from the Gulf region have fallen to approximately two-thirds of their pre-war level as of August 28.

According to Jin10 Futures, Japanese rubber futures fell on Friday as crude oil declined and tire demand weakened, though the main contract is still on track for a second consecutive weekly gain. The February contract on Osaka Exchange (OSE) closed at 443 yen per kilogram (USD 2.78), down 1.4 yen or

According to Jin10 Data, China's refined oil prices are set to increase on August 28 at 11 p.m. (Beijing time), with gasoline and diesel expected to rise by approximately 360 yuan per ton. Analysts from Zhuo Chuang and Jin Lian Chuang confirmed the upward adjustment. Data monitoring shows

According to U.S. Treasury Secretary Bessent, over the past 14 days, the United States has redirected 130 million barrels of oil from the Strait of Hormuz. Bessent stated that economic blockades and isolation measures will destroy Iran's already-fragile

According to U.S. media reports, the Trump administration rejected rejoining an agreement reached with Iran in June, causing SC crude oil futures to rise more than 4% during intraday trading on August 28.

According to Shanghai Steel United, battery-grade lithium carbonate (MMLC) midpoint pricing rose to 153,050 yuan/ton today, up 850 yuan/ton from yesterday's 16:30 close.

According to Jin10 data and shipping tracker Kpler, preliminary transit data published Friday showed that five bulk commodity vessels passed through the Strait of Hormuz on Thursday, down from 17 the previous day and below the 10-day average of 15 vessels. The five transiting ships included two

Korean government bond futures opened lower on August 28, with 3-year futures falling 5 ticks to 103.46 and 10-year futures dropping 34 ticks to 105.99, according to Yonhap Infomax. The decline followed a slight rise in US Treasury yields overnight and market digestion of the September government bo

According to Okasan Securities economist Ko Nakayama, Tokyo's August consumer prices rose 1.9% year-over-year on August 28, up from 1.8% in July, reflecting mounting cost pressures from Middle East-driven oil price increases. Daily household goods including tissue paper, plastic bags, and food

As of 09:30 Beijing time on August 28, NYMEX gold fell 0.34%, while NYMEX silver rose 0.72%. NYMEX copper gained 0.07% in the same period.

According to K33 data cited by PANews on August 28, Binance's traditional finance perpetual futures contracts generated 155.9 billion USD in average daily trading volume over the past month, approximately double that of BTCUSDT perpetuals at 73.9 billion USD. TradFi products now account for over

Foreign investors are set to receive 1.6 trillion won (1.16 billion USD) in dividend payments on August 28, with Samsung Electronics accounting for 900 million USD. The remittance demand for dollar conversion is expected to create upward pressure on the USD/KRW exchange rate, which is trading

According to Shin Young Securities, U.S. President Donald Trump signed an executive order on August 26 restricting foreign power equipment imports on grid security grounds, signaling potential benefits for South Korean battery makers. The move aims to reduce China's dominance in the North American e

According to Jin10 Futures, overnight oil prices rose on August 28 as fuel oil cost support remained solid. Tight supply for some resources is expected to benefit refineries in raising prices, with the market maintaining elevated quote levels and downstream buyers focusing on spot

According to Goldman Sachs, the Persian Gulf region is currently exporting approximately 15-16 million barrels per day of oil. While this remains 7-8 million barrels per day below pre-war levels, it marks an increase of 5-6 million barrels per day from March's low point. The bank estimates that oil