Commodities (Crude Oil & Copper) & Macro Outlook

Today, NYMEX WTI November crude oil futures closed down 1.16 per barrel, or 1.29%, at 88.28 per barrel. November natural gas futures settled at 3.2030 per million British thermal units, while November gasoline futures closed at 3.2342 per

According to the U.S. Energy Information Administration (EIA), U.S. commercial crude oil inventories fell 3.18 million barrels to 424.1 million barrels for the week ended October 2, marking the largest decline in six weeks. However, the inventory draw failed to lift oil prices, with WTI crude

According to Gate data, Brent crude oil (XBRUSD) fell to $103.94 per barrel, down 0.2% over the past 24 hours.

According to the International Energy Agency (IEA) on October 7, member states maintain 1.1 billion barrels of publicly held emergency oil reserves, with over 200 million barrels comprising diesel. The IEA stated that approximately 325 million barrels have been released since March under a

The European Union will hold trade talks with China in Beijing aimed at narrowing a daily trade deficit exceeding €1 billion, Cointelegraph reported on October 7. The discussions focus on reducing the EU's trade imbalance with China, which currently surpasses €1 billion per day. China's

J.P. Morgan's tokenized U.S. Treasury bills added $159.5 million in market cap over the past week, according to data shared by @tokenterminal. The increase reflects growing interest in digital asset solutions among institutional players. This development highlights traditional finance's expanding en

According to @tokenterminal, J.P. Morgan's tokenized U.S. Treasury bills surged by $159.5 million in market cap over the past week. Franklin Templeton's tokenized offerings also gained $87.2 million during the same period, with other providers including Ondo and Superstate reporting increases as

According to France Info, France will release 10 million barrels of diesel from its strategic reserves today. The move aims to address supply concerns in the domestic fuel market.

According to a statement from YPF, Argentina's state-owned oil company has signed a sustainable aviation fuel (SAF) supply agreement with TotalEnergies. The project carries a total investment of $400 million.

According to Yonhapinfomax, on October 7 (local time), UK 30-year gilt yields surged to 5.9918%, briefly breaking the 6% threshold intraday—marking the highest level since 1998. The 10-year gilt yield also rose 8.35 basis points to 5.4648%. The selloff reflects rising inflation concerns driven by s

According to London Baltic Exchange data from Wednesday, renting an ultra-large crude carrier (VLCC) to transport U.S. crude oil to Asia surged to a record $77 million, compared with an average of $9.2 million in 2025. The spike reflects increased transportation costs across the petroleum supply cha

On October 7, ICE UK natural gas futures gained 3.49% in late European trading, while TTF benchmark Dutch natural gas rose 2.72%. ICE EU Emissions Trading System allowance futures also increased 0.80% during the same

According to media reports, Japan will sign an agreement with the Philippines on October 8 to assist in strengthening the country's oil reserves. The collaboration focuses on enhancing the Philippines' petroleum storage capacity through Japanese support and

On Wednesday, the S&P 500 dropped roughly 0.6%, the Dow Jones fell about 472 points or 0.9%, and the Nasdaq Composite lost around 0.9% in morning trading. The decline was driven by surging Treasury yields and energy prices; the 30-year Treasury yield climbed to 5.72%, its highest level since 2002, w

The International Energy Agency and European Union are discussing a further coordinated drawdown of crude and diesel stocks, according to Reuters. The exact volume and composition remain unclear, and officials have not confirmed whether the plan would add entirely new barrels beyond amounts

According to the U.S. Energy Information Administration (EIA), crude oil imports on the West Coast reached their highest weekly level since 2021 in the latest data, marking the largest single-week increase in the

According to the U.S. Energy Information Administration (EIA), American crude oil production rose to a record high last week, marking the second consecutive week of record output.

According to the U.S. Energy Information Administration, American crude oil imports from Nigeria last week reached their highest level since June 2025.

According to Jin10, on October 7, IEA member states supported accelerating the release of approximately 100 million barrels of oil reserves announced in their March collective action, aiming to complete the deployment as soon as possible. The 100 million barrels represent previously committed but no

US Treasury yields surged to their highest levels since 2002 as global bond selling intensified amid rising oil prices and fiscal concerns. The 30-year Treasury yield reached 5.73% intraday, while the 10-year yield climbed to 5.356%, driven by Middle East tensions pushing Brent crude to $102.23