Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration (EIA), crude oil imports fell 53,000 barrels for the week ending October 2, compared to a decline of 468,000 barrels in the previous week.

According to EIA data, U.S. refinery equipment utilization rate for the week ended October 2 reached 92.7%, surpassing the forecast of 92.2% and slightly above the prior week's 92.5%.

According to the U.S. Energy Information Administration (EIA), refinery crude oil inventories declined by 42,000 barrels for the week ended October 2, significantly undershooting the expected decline of 2.11 million barrels and the prior week's decline of 2.251 million barrels.

According to EIA data, U.S. gasoline inventories rose 382,000 barrels for the week ending October 2, compared to a decline of 1.684 million barrels in the previous week.

According to EIA data, U.S. crude oil inventories at Cushing, Oklahoma fell to 444,000 barrels for the week ending October 2, down from 553,000 barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), strategic petroleum reserves declined by 784,000 barrels for the week ended October 2, slightly improving from the previous week's 785,000-barrel

According to the U.S. Energy Information Administration (EIA), heating oil inventories for the week ending October 2 increased to 668,000 barrels, compared with a decline of 620,000 barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), petroleum product imports fell to -54,000 barrels per day in the week ended October 2, shifting from 44,000 barrels per day in the prior week. The negative figure indicates net exports of petroleum

The U.S. Energy Information Administration (EIA) will release its weekly crude oil inventory, Cushing crude oil inventory, and strategic petroleum reserves data later today. The data covers the week ending

US Stocks fell on October 7 as oil prices and Treasury yields surged, pressuring investor sentiment across major indices. As of 9:40am local time, the Dow Jones Industrial Average dropped 461.09 points (0.89%) to 51,060.19, the S&P 500 declined 47.25 points (0.60%) to 7,771.68, and the Nasdaq

The US dollar strengthened on the 7th, with the dollar index (DXY) rising 0.515% to 102.374 as of 7:51 AM Eastern Time, according to Yonhap Infomax. The currency's advance was driven by surging international oil prices and climbing US Treasury yields. The euro fell

According to Gate data, Brent Crude Oil (XBRUSD) surged above $106 per barrel in the last 24 hours, now trading at $106.05 per barrel with a gain of 4.2%.

According to Jin10, Pacific Coast Energy Co. (PCEC), a California-based oil producer, launched operations in Venezuela in the third quarter and plans to double crude oil production to 40,000 barrels per day within six months. The company announced Wednesday that it has activated more than 50 wells p

On October 7, U.S. stock indexes opened lower as Treasury yields and oil prices surged, with the 10-year yield hitting 5.35%, marking a 24-year high. The Dow Jones Industrial Average fell 0.67% to 51,173.60, the Nasdaq Composite dropped 0.62% to 27,429.46, and the S&P 500 declined 0.44% to 7,784.84.

According to Iran's semi-official Pars News, an advisor to the commander of Iran's Islamic Revolutionary Guard Corps (IRGC) declared on October 7 that the Strait of Hormuz is now closed and under full military control. Mohammad Reza Nakhdi stated the closure will continue until Iran's "legitimate de

Dogecoin fell roughly 7% toward $0.089 on Wednesday as a broader risk-off move hit major cryptocurrencies including Bitcoin, Ethereum and XRP. The decline does not appear driven by any Dogecoin-specific development. Instead, DOGE amplified a market-wide selloff as rising oil prices, Treasury

On Wednesday, Dogecoin slid 7% toward $0.089, amplifying a broader market selloff that hit Bitcoin, Ethereum and XRP. Bitcoin briefly dropped below $84,000, Ethereum fell around 4%, and XRP declined over 3%, with DOGE's steeper decline reflecting its higher-beta sensitivity to market-wide

According to IMF President Kristalina Georgieva, high oil prices are expected to persist through 2027, even if the current conflict in the Gulf region ends soon. Speaking on October 7 at a preparatory event for the IMF and World Bank autumn meetings, Georgieva cited ongoing trends in Brent crude oil

According to Bloomberg, Iraq will dispatch hundreds of oil tanker trucks daily through Syria, marking a significant shift in regional energy logistics routes.