Commodities (Crude Oil & Copper) & Macro Outlook

According to Venezuelan interim President Rodriguez, the country's oil production increased 8% year-to-date through October 8, 2026.

Bitcoin exchange-traded funds recorded $484.9 million in net outflows on Wednesday, Oct. 7, marking their largest single-day loss since June 25, according to Decrypt's ETF tracker. BlackRock's IBIT accounted for $207.7 million of the outflows, while Fidelity's FBTC contributed $105.1 million. The ou

On Thursday, major U.S. stock indices retreated as Treasury yields climbed and oil prices surged. The Dow Jones Industrial Average fell 0.47% to 50,940, the S&P 500 declined 0.39% to 7,771, and the Nasdaq Composite lost 0.55% to 27,387. The benchmark 10-year Treasury yield rose to

According to the U.S. NOAA (National Oceanic and Atmospheric Administration), as of October 8, approximately 62.89% of oil production and 57.35% of natural gas production in the Gulf of Mexico have been shut

According to the U.S. Bureau of Ocean Energy Management (BOEM), four dynamic positioning drilling rigs have been evacuated from the storm path among a fleet of 17 such platforms as a precautionary measure.

According to the U.S. Bureau of Ocean Energy Management (BOEMRE), personnel have been evacuated from 5 non-dynamically positioned drilling rigs in the Gulf of Mexico, representing 45.45% of the 11 such rigs currently operating in the

According to the U.S. Bureau of Ocean Energy Management (BOEMRE), as of October 9, 12:00 AM Beijing time (11:00 AM Central Daylight Time), 121 production platforms in the Gulf of Mexico have been evacuated, representing 32.61% of the 371 manned production platforms.

From 16:45 to 17:00 on October 8, 2026 (UTC), BTC fell 0.41% over the 15-minute period, with a price range of 80,906.3 to 81,371.4 USDT and an amplitude of 0.57%. At the time of analysis, BTC was trading at $81,318.4, down 2.56% over 24 hours, with an intraday low of $80,805. Market attention increased significantly as volatility intensified. The main driver of this move was the sharp escalation of geopolitical tensions in the Middle East. The U.S. Pentagon ordered U.S. Central Command to comple

The US Treasury Department sanctioned 17 vessels involved in transporting Iranian crude oil, petroleum products and petrochemicals on Oct. 8. Iran halted both the loading and unloading of crude cargoes on its tankers in response to the US maritime blockade and sanctions, according to a US Treasury o

According to TotalEnergies CEO, the Satorp refinery in Saudi Arabia has completed repairs. Satorp is a joint venture between TotalEnergies and Saudi Aramco.

According to the U.S. Department of Treasury, Iran has halted oil loading and unloading operations at its ports due to American blockade and sanctions as of October 2026. The U.S. is simultaneously targeting the remnants of Iran's shadow fleet. The U.S. estimates approximately 20 million barrels of

Oil prices found support from renewed supply concerns as Storm Isaias shut down Gulf of Mexico production and Strait of Hormuz tensions kept markets alert. Approximately 511,000 barrels per day of offshore crude output, representing 25.08% of production in the Gulf of Mexico, was shut down as

According to the U.S. Department of the Treasury, the United States imposed sanctions today on 17 vessels engaged in transporting Iranian crude oil, petroleum products, and petrochemical goods.

Storm Isaias shut down approximately 511,000 barrels per day of offshore crude in the US Gulf of Mexico today, marking 25.08% of regional production and the largest supply disruption amid renewed tensions around the Strait of Hormuz. The disruption has heightened uncertainty over near-term crude

Russian non-financial enterprises' net foreign exchange sales rose to $23.7 billion in September, up 26.1% month-on-month, according to the Central Bank of Russia. The increase was primarily driven by rising oil

According to Yicai, spot gold plunged below $4,100 per ounce this evening (October 8), marking its lowest level since August 5 with a daily decline of 2.26%. Spot silver fell through $60 per ounce, down 3.50%. In the cryptocurrency market, Bitcoin dropped over 3% to $83,511, Ethereum fell

According to Gate data, WTI crude futures dropped sharply on October 8, with prices paring gains to 2.9% and trading at $90.9 per barrel. The contract had earlier surged more than 5% intraday.

From 15:00 to 16:00 (UTC) on October 8, 2026, BTC fell 0.65% in one hour, trading within a range of 82,162.4–82,700.0 USDT, with an amplitude of 0.65%. The Order Book showed large buy and sell orders facing off near $81,200. The battle between bulls and bears was intense, but overall market depth was shallow, and short-term volatility increased significantly. The main drivers of this move were the clear hawkish signal in the minutes of the Fed’s September FOMC meeting, combined with escalating g

According to U.S. Central Command, the American military supported the transportation of over 1.25 billion barrels of crude oil from Gulf partner nations through the Strait of Hormuz in recent months. In contrast, Iran failed to export any crude oil due to strict U.S. port

On Thursday (Oct 8), during European afternoon trading, ICE UK natural gas futures fell 0.95%, while TTF benchmark Dutch natural gas futures declined 0.45%. Meanwhile, ICE EU carbon emission trading allowances (futures)