Commodities (Crude Oil & Copper) & Macro Outlook

From 06:15 to 06:30 on October 8, 2026 (UTC), BTC plunged 0.38% within 15 minutes, with its price falling from 82,927.9 USDT to 82,583.3 USDT and an Ampl of 0.42%. The market showed a weak range-bound pattern, with participation declining significantly. The main driver of this move was a sharp increase in macro risk aversion. The situation in the Middle East worsened further, with Houthi forces attacking Riyadh airport with ballistic and cruise missiles. The US-Iran conflict continued to escalat

According to Guru Club, fuel oil futures main contract surged 18% to 5,164 yuan per ton during intraday trading on October 8.

According to UBS Group, the bank raised its December crude oil price forecast by $5 per barrel. UBS now expects Brent crude to reach $100 per barrel and WTI crude to reach $96 per barrel by year-end. Meanwhile, U.S. strategic petroleum reserves fell to their lowest level since October 15, 1982, as o

According to Guru Club, short-fiber futures main contract hit its daily limit today (October 8), trading at 8,948 yuan per ton, representing a gain of 9.02%.

According to Gate data, Brent crude (XBRUSD) surged above $106 per barrel on October 8, trading at $106.00 per barrel with a 24-hour gain of 0.8%.

According to CME data, on October 7, major commodities showed divergent performance in trading volume and open interest. Precious metals led gains: gold futures recorded 188,351 contracts traded with 398,275 open interest, while silver saw 53,715 contracts traded with 107,117 open interest, and

According to Yonhap News, crude oil exports from the Middle East recovered to 87% of pre-war levels in September, with significant volumes passing through the Strait of Hormuz. However, Iranian oil remains unable to transit the strait due to U.S. counter-sanctions policy, placing substantial

According to Jin10, fuel oil futures rallied over 17% to hit a record high on October 8, with low-sulfur fuel oil futures gaining over 10%. crude oil futures also advanced significantly. Analysts attributed the surge to geopolitical risks and supply dynamics. The Strait of Hormuz remains contested a

According to traders cited by Jin10, Qatar Energy launched a spot tender on October 8 to sell up to 50,000 tons of naphtha via free on board (FOB) pricing from Ras Laffan port in the Hormuz Strait, with loading scheduled between October 20–25. Traders noted that Qatar Energy's previous naphtha tende

According to Bloomberg data, Hong Kong's Hang Seng Index fell 0.69% in morning trading on October 8, declining 167 points to 23,963. The Hang Seng Tech Index dropped 1.93%, while morning turnover reached 106.3 billion HKD. Energy stocks led gains after the U.S. Energy Information Administration

According to the Financial Times, executives from Shell, BP, TotalEnergies, ConocoPhillips, and Chevron expressed their willingness this week to invest in Middle East oil and gas resources despite ongoing regional conflict. The executives highlighted the region's vast reserves and low extraction

According to Kpler data reported by Jin10 on October 8, Hormuz Strait vessel transits fell to 7 tankers on Tuesday, marking the lowest level since July 23. Oil shipments through the strait dropped 27% from the previous week's peak, declining to an average of 10.1 million barrels per day—equivalent t

According to Guru Club, PTA futures hit the daily limit on October 8, with a gain of 9.03%, trading at 6,834 yuan per ton.

According to Guru Club, WTI crude oil futures touched $90 per barrel on October 8, with intraday gains of 1.91%.

According to Guru Club, on October 8, Brent crude oil futures extended gains to 2.13%, trading at $102.33 per barrel.

US Stock Market News showed significant declines on Wednesday as the Dow fell 1.09%, or 500 points, amid escalating tensions with Iran and Federal Reserve signals of potential interest rate increases. Donald Trump declared the Iran-US ceasefire over at the Nato summit in Ankara on Wednesday,

US stock market tumbles on geopolitical worries as Dow and NASDAQ 100 open 300 points lower at 7:15 PM ET (4:45 AM IST) in today stock market news. Investors turned cautious over escalating Middle East tensions, with crude oil prices soaring over 15% and Brent crude oil trading near $100 per

In US Stock Market News, Morningstar's comprehensive third-quarter 2026 outlook webinar, released on July 15, 2026, assessed equity valuations and economic conditions for the remainder of the year. As of June 30, the US equity market traded at an 8% discount to Morningstar's fair value estimates,

US stock futures traded with marginal losses on Wednesday, 26 August (1:30 PM IST Thursday, 27 August) as investors shifted their attention to Nvidia's earnings and awaited the release of the latest US Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of in

US Stock Market News showed Wall Street indices trading subdued on Monday, August 24, 2026 (9:35 a.m. Eastern time / 7:05 p.m. IST), as investors looked ahead to a week filled with significant events that could influence markets. The S&P 500 fell 0.3%, moving further away from the record high it