Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 data, Vitol Group CEO Russell Hardy stated on October 9 that ship-to-ship crude transfers in the Strait of Oman are critical to maintaining Middle East oil exports. Without this operation, oil prices could reach $200 per barrel, Hardy warned. Recent weeks have seen a significant s

According to Guru Club, on October 9, President Trump announced the U.S. would not attack Iran before November's midterm elections, causing oil prices to decline. Trump stated on social media that the U.S. is conducting "productive consultations" with Iran and that maritime blockades on Iranian

According to Citic Securities, on October 9, geopolitical tensions in the Middle East are expected to keep international oil prices volatile through the remainder of 2026. U.S.-Iran negotiations have not achieved major breakthroughs, while increased tanker incidents in the Strait of Hormuz and

According to Jin10 Futures, on October 9, the first trading day after China's Golden Week holiday, the domestic energy chemical sector surged. Crude oil futures climbed sharply, while methanol, paraxylene (PX), liquefied petroleum gas, pure benzene, and styrene all hit limit up. Analysts

According to Jin10 Futures, CBOT soybean oil futures closed higher on Thursday, with the benchmark contract gaining 0.4%, tracking gains in international crude oil markets. Oil futures strength and active crush spread trading boosted soybean oil sentiment. According to the U.S. Department of

According to media reports, ICE canola futures in Canada rose 0.7% on Thursday (October 9), tracking crude oil's surge above $3 per barrel following Houthi attacks on Saudi Arabia's King Khalid International Airport. Saskatchewan's crop report showed canola harvesting reached 72% completion as of Oc

According to Yonhapinfomax, the dollar-won NDF 1-month contract rose to 1,341.10 won (MID) overnight on October 9, up 3.40 won from Seoul's previous spot close of 1,338.50 won after adjusting for the 1-month swap points. The dollar weakened after U.S. President Donald Trump signaled a softer

On Thursday, LME copper fell over 1%, reversing early gains after Chinese buyers returned to the market, as a 5.7% surge in benchmark Brent crude crude oil—the largest single-day jump in a month—sparked concerns over inflation and economic slowdown. Shanghai Yangshan copper premium reached $125 per

The USD-KRW exchange rate rose to the mid-1,340 won range, driven by custody dollar buying, rising international oil prices, and global dollar strength. At 6 AM, the rate traded at 1,344.00 won, up 5.50 won from the previous Seoul trading day close of 1,338.50 won. The increase occurred despite a la

According to Australia's Competition and Consumer Commission (ACCC), southern Australian states are expected to rely more heavily on Queensland's natural gas supply, with extraction volumes set to increase ahead of 2027 winter and throughout the

Global institutional investors reduced risk appetite in September as State Street's risk preference index fell to -0.18 from 0.36 in August, marking the lowest level since the Iran war outbreak in March. Foreign capital inflows into Korean stocks ranked among the weakest in emerging markets during t

According to China Pig Industry Network data, live pig prices recovered as of October 8 following a three-month low on September 30. Prices for outer-three-breed pork (外三元) reached 10.3 yuan/kg, up 0.24%, while inner-three-breed pork (内三元) hit 10.63 yuan/kg, up 0.2%, both compared to pre-holiday

US President Donald Trump stated on Truth Social that the United States will not attack Iran before the November 3 mid-term elections, triggering mixed reactions across financial markets. Trump wrote that the US is engaged in productive discussions with Iran and emphasized that no military action wi

According to Yonhapinfomax, on October 8, the U.S. dollar weakened as President Trump stated the U.S. would not attack Iran before the November 3 midterm elections. The Dollar Index dropped 0.175 points to 102.100, while the dollar-yen rate fell 0.175 yen to 157.872. The euro-dollar rate rose to 1.1

According to the U.S. Treasury Department, on October 8 the United States imposed a new round of sanctions targeting 17 vessels transporting Iranian crude oil and petroleum products. The Treasury Department estimates approximately 20 million barrels of Iranian oil currently remain stranded on

As Hurricane Isaias approaches the U.S. coast on October 8, American offshore oil production has plummeted, with approximately 63% of Gulf of Mexico crude output forced offline and 500,000 barrels per day of refining capacity threatened. Over 70 counties across Alabama, Florida, and Mississippi

West Texas Intermediate (WTI) crude oil for November delivery closed at $91.49 per barrel on October 8 (US Eastern Time), rising $3.21 or 3.64% from the previous session, while global benchmark Brent crude for December delivery finished at $104.28, up $4.08 or 4.07%. The surge was driven by

According to Jin10, crude oil futures surged at the close on October 9. WTI November contract rose 3.21 dollars to 91.49 dollars per barrel, up 3.64%; Brent December contract rose 4.08 dollars to 104.28 dollars per barrel, up 4.07%.

On Thursday (October 8), spot gold rose 0.52% to close at $4,132.62 per ounce in New York, trading near session highs for most of the session. Spot silver declined 1.04% to $59.1632 per ounce, spending over half the trading day in negative territory. COMEX copper futures fell 1.37% to $6.5595 per p

According to Yicai, yesterday evening (October 8), the cryptocurrency market saw a sharp selloff with over 110,000 positions liquidated within 24 hours, according to Coinglass data. Bitcoin plummeted over 3% to $83,511, marking its lowest level in a week, while Ethereum fell nearly 5%, Solana