Commodities (Crude Oil & Copper) & Macro Outlook

European natural gas prices experienced significant weekly gains as of September 11, with the Dutch TTF futures contract reaching approximately €79.73/MWh. The increase was driven by escalating conflict in the Middle East, which fueled market concerns about prolonged supply disruptions. This

European natural gas prices surged to their biggest weekly gain since July on September 11, driven by escalating Middle East conflict fueling concerns over supply disruptions. The Dutch TTF futures contract, the benchmark for European gas markets, reached approximately €79.73/MWh, reflecting

According to Bank of America, U.S. diesel prices hit $6 per gallon for the first time on Friday, driven by disruptions from the U.S.-Iran conflict affecting global oil supply. Bank of America identified diesel as the core pressure point for the real economy, rather than rising U.S. Treasury

According to Guru Club, crude oil prices fell below $96 on September 12, declining more than 3.2% during intraday trading.

According to Financial Times, the United States has required oil tankers transiting the Strait of Hormuz to travel only during specific time windows to ensure military protection. The measure is aimed at enhancing security for commercial shipping in the strategic

According to the Financial Times, on September 12, European Central Bank Governing Council member Koehl warned that if oil prices remain around $100 per barrel through year-end, the central bank may need to raise

According to sources familiar with the discussions, the European Union has abandoned its proposal to impose export taxes on aluminum scrap, citing concerns that the move could jeopardize the finalization of a free trade agreement with India, Reuters

According to BlockBeats, Saudi Arabia closed its 1,200-kilometer East-West Pipeline on September 12 as a precautionary measure following drone attacks from Iraq, according to the Saudi Foreign Ministry. The pipeline, which connects major oilfields in eastern Saudi Arabia to Yanbu port on the Red

According to Jin10, vessel transits through the Bab El-Mandeb Strait, a critical shipping chokepoint connecting the Red Sea and the Gulf of Aden, plummeted to single digits on September 10. As of 3 p.m. local time, only 6 ships passed through the strait that day, compared to 30 vessels on September

According to Guru Club, Brent crude oil fell below $100 per barrel today (September 12), declining more than 4.3% during intraday trading.

According to Baltic Exchange data, very large crude carriers (VLCC) shipping from Oman Bay to China surged to approximately 450 Worldscale this week, equivalent to 4.5 times normal baseline rates or $11.50 per barrel—the highest on record for the route. The spike coincides with escalating

Saudi Arabia's East-West Pipeline was shut down Thursday after an attack, with vessel traffic through the Strait of Hormuz dropping to 7 ships, according to reports. Iraq confirmed the drone attack originated from its territory. Saudi Arabia, at Iraq's request, has decided not to pursue immediate re

According to the International Energy Agency monthly report released on September 12, the IEA downgraded Russia's 2026 oil production forecast by 125,000 barrels per day to 8.7 million barrels per day, and lowered its 2027 forecast by 235,000 barrels per day to 8.6 million barrels per day. The

Lithium carbonate futures contract LC2701 fell sharply on September 11, plunging 9.74% intraday before closing down 4.99%, breaking through the 140,000 yuan per ton level. According to an industry association representative, production costs for some lithium carbonate manufacturers using

Australian uranium companies Bannerman Energy and Deep Yellow are advancing large-scale uranium mining projects in Namibia to capitalize on the global nuclear energy revival. Bannerman Energy expects to finalize a development agreement with China's

According to Guru Club, WTI crude oil fell below $97 per barrel on September 12, declining more than 3.8% during the trading day.

KB Securities analyst Im Jae-gyun assessed on the 12th that the Bank of Korea's probability of raising the base rate in October has decreased, though bond yield volatility remains inevitable depending on oil price movements. Im issued this analysis in a report titled 'Exchange Rate Decline Is

According to KB Securities on September 12, the Bank of Korea's monetary policy committee is unlikely to raise the base rate in October, despite earlier signals of possible further tightening. The analysis notes the neutral interest rate is estimated at 2.25–2.75%, making the current 3.00% base rate

According to Platts, European beet sugar prices in northwestern Europe hit €550 per ton (approximately $638) on September 3, the highest level since late September 2025, rising nearly 40% since year-start. The surge reflects tightening supplies as deteriorating beet crop conditions constrain

Bitcoin and Ethereum declined during the week ending September 11, pressured by rising oil prices and US Treasury yields that dampened investor appetite for risk assets. Bitcoin fell 3.90% to $76,568 as of the previous day, while Ethereum dropped 0.77% to $2,437, according to Xangle Research. The de