Commodities (Crude Oil & Copper) & Macro Outlook

According to Iran's Press TV, Oman has stopped cooperating with the United States on escorting oil tankers through the southern shipping lane of the Strait of Hormuz.

According to PressTV, no vessels passed through the Strait of Hormuz via the Oman route in the past 24 hours. An Indian-flagged vessel turned back after receiving warning shots, the Iranian state media

International copper fell 0.64% in tonight's trading session, while Shanghai copper dropped 0.53%. Shanghai aluminum declined 0.17%, Shanghai zinc rose 0.67%, Shanghai tin fell 1.57%, and Shanghai nickel slipped 0.73%. Aluminum oxide fell 0.87%, while aluminum alloy and stainless steel saw mixed

According to Gate data, Brent crude oil (XBRUSD) broke above the $90 per barrel level, now trading at $90.09 per barrel with a 24-hour gain of 1.0%.

Hyperliquid Policy Center and perpetuals trading platform trade[XYZ] submitted a letter Wednesday urging the Commodity Futures Trading Commission to adopt a regulatory framework for energy perpetual contracts in the United States. The organizations argued that American businesses need access to 24/7

According to a letter submitted on Wednesday, the Hyperliquid Policy Center and perpetuals trading platform trade[XYZ] called on the CFTC to establish a regulatory framework for energy perpetual contracts in the U.S. The groups cited disruptions in global oil supply chains earlier this year when tra

CBOT wheat futures rose 2.5% intraday today, reaching 766 cents per bushel.

According to Guru Club, U.S. wheat futures rose 4.00% intraday on Aug 26, trading at 731.50 cents per bushel, while corn futures gained over 2.00% to 534.00 cents per bushel.

According to Gate data, Brent crude oil rose over 2% intraday to $87.58 per barrel on August 26. WTI crude also climbed 2% to $82.30 per barrel during the same period.

According to Yonhapinfomax, U.S. President Donald Trump predicted on August 26 that the conflict with Iran will end "fairly soon," citing restored navigation through the Strait of Hormuz and removal of all mines from the waterway. Trump said 10 million barrels of oil passed through the strait the pr

SC crude oil futures contracts rallied more than 2% during intraday trading on August 26, with prices reaching 575.80 yuan per barrel.

According to media reports citing sources, Russia's Novatek refinery halted crude oil processing on August 26 following drone strikes.

According to three sources, Russia's Norsi refinery halted crude oil processing after drone strikes on August 26.

According to Guru Club, WTI crude oil futures recovered more than 3% of their intraday losses on Aug 26, rising 0.06% to settle at $82.41 per barrel.

According to media reports, Indian oil tanker HAANA recently attempted to transit through the Oman Corridor, an alternative southern route south of the Strait of Hormuz, but was forced to abandon passage after receiving a

According to Beating, copper prices in Taizhou's scrap market surged to 90,000–100,000 yuan per ton during July–August, traditionally a low season, with demand increasing two to threefold. High-quality inventory was often sold before arriving or even before processing. Regional producer Zhejiang Ju

According to Guru Club, China's commodity futures market saw broad gains in the overnight session on August 26, with oil seeds and oilseeds leading the rally. CZCE rapeseed meal rose 1.97%, while energy products gained across the board, with DCE LPG up 1.97%. Agricultural products also advanced, wit

According to Jin10, data released on August 26 showed the U.S. July PCE price index, the Federal Reserve's preferred inflation gauge, remained at 3.7% year-over-year, higher than economist expectations of 3.6%. The print marks the 65th consecutive month above the Fed's 2% target. Separately, the

According to the U.S. Energy Information Administration (EIA), American refinery utilization rates rose to their highest level since September 2018 in the latest week.

According to Jin10, intraday on August 26, WTI crude oil surged 1.00% to $81.50 per barrel, while Brent crude oil climbed 1.00% to $86.72 per barrel.