Commodities (Crude Oil & Copper) & Macro Outlook

Shanghai Futures Exchange crude oil 2612 contract rose 2.09% overnight (October 28), closing at 737.50 yuan per barrel. Meanwhile, Shanghai gold fell 0.23% and Shanghai silver declined 1.53% in night trading.

According to PANews, the U.S. Commodity Futures Trading Commission (CFTC) announced it will hold an industry roundtable on December 15 to discuss the feasibility of implementing 24/7 trading in derivatives markets. The meeting will take place at CFTC headquarters in Washington and will be open to

According to Pumpfun's announcement, the platform has launched perpetual contracts on its app, enabling users to long or short cryptocurrencies, stocks, and commodities through a partnership with Hyperliquid. The new feature expands Pumpfun's trading offerings and allows traders to access diverse tr

According to Bloomberg citing market monitoring firm Solidus Labs, a trader on Hyperliquid used two accounts to place over $170 million in suspicious orders during March 8-10 crude oil volatility, allegedly engaging in spoofing—rapidly placing then canceling large orders on one side of the order

On Wednesday, October 28, ICE UK natural gas futures rose 4.31% to 247.550 pence/therm, with intraday highs reaching 249.010 pence. TTF Dutch natural gas futures climbed 3.82% to 100.550 EUR/MWh, briefly touching 100.910 EUR. ICE EU carbon emission allowances futures gained 1.11% to 89.03

According to the Office for Budget Responsibility, energy support measures announced by Chancellor John Healey are expected to reduce inflation by only 0.1 percentage points next year, with the impact reversing in 2028 to increase price growth by the same amount. The OBR forecasts inflation will

Pump.fun launched a perpetual futures trading service built on Hyperliquid, according to a Cointelegraph report on October 28. The service allows users to trade cryptocurrencies, stocks, and commodities without bridging assets to another blockchain. Users can open positions using their existing

Eni, an Italian multinational oil and gas company, said its Junin-5 project first phase will generate significant production growth, with output expected to reach 200,000 barrels per day by 2028.

Wall Street is divided on investment strategy ahead of the Federal Reserve's Oct. 28 rate decision, with markets pricing in a 90% chance of no change to the benchmark rate currently at 3.75% to 4.00%. AI company Anthropic has become the third-largest holder of cash-like assets among U.S.

According to Jin10, U.S. Gulf Coast refining margins reached $72 per barrel in September, a historic high more than double year-to-date levels, driven by supply disruptions from attacks on Middle Eastern and Russian production capacity. Global refineries operating at full capacity to compensate

The World Bank raised its global commodity price outlook in a report released October 28, projecting energy prices will rise 32% this year after three consecutive years of declines. The upward revision stems from energy supply disruptions linked to the Middle East conflict and reduced agricultural o

According to the EIA report, U.S. Midwest gasoline inventories fell to historic lows last week.

According to Citi analyst Francesco Martoccia, crude oil futures climbed on October 28 as market concerns over Middle East escalation risks overshadowed diplomatic efforts in the region. Israel's post-election political deadlock has heightened uncertainty at a particularly sensitive moment in U.S.-I

According to Citi Research, crude oil prices rose on October 28 amid escalating Middle East tensions and concerns over Israel-Iran relations following the Israeli election. Citi analyst Francesco Martoccia noted that the post-election political deadlock heightens uncertainty and increases the risk o

According to the latest EIA report, U.S. crude oil inventories along the Gulf Coast fell to their lowest level since December 2024 last week.

According to EIA data, U.S. crude oil production demand for the week ending October 23 reached 20.636 million barrels per day, up from 19.464 million barrels per day the previous week.

According to EIA data, U.S. distillate fuel oil implied demand rose to 5.53 million barrels per day for the week ended October 23, up from 5.11 million barrels per day in the prior week.

According to EIA data released for the week of Oct 23, U.S. crude oil exports increased 1.412 million barrels per day to 4.854 million barrels per day. Domestic crude oil production rose 723,000 barrels to 13.992 million barrels per day, while commercial crude oil inventories excluding strategic

According to the U.S. Energy Information Administration (EIA), gasoline inventories for the week ended October 23 increased by 3.87 million barrels, contrary to expectations of a 310,000-barrel decline and the previous week's 2.952-million-barrel

According to EIA data, U.S. refinery crude oil production fell 71,000 barrels per day in the week ending October 23, compared with an increase of 43,000 barrels per day in the previous week.