Commodities (Crude Oil & Copper) & Macro Outlook

Japanese stocks declined on October 7 as profit-taking emerged following the previous session's gains, with the Nikkei 225 falling 648.27 points (0.92%) to close at 70,035.71 and the TOPIX dropping 29.45 points (0.70%) to 4,154.11. Selling concentrated in artificial intelligence and semiconductor-re

According to Jin10, Qatar gathered at least 12 empty LNG tankers in the Persian Gulf on October 7, with combined capacity of approximately 1.1 million tons—about 2% of the global LNG fleet's total capacity. The move suggests preparations to increase exports through the Strait of Hormuz. However,

According to the Financial Services Commission, Geumyang and six executives received 9.15 billion Korean won in fines on October 7 for accounting violations. The company was fined 7.63 billion won while the six executives received 1.52 billion won. Violations included recording 10.3 billion won in f

According to Eamonn Sheridan, a storm forming in the Gulf of Mexico is expected to become the first Atlantic hurricane of 2026 within two days and may impact oil and gas facilities. The affected offshore

According to Jin10 Data, EUR/CAD fell for the third consecutive trading session on October 7, hovering near 1.5920 as Brent crude surged past $100 per barrel amid escalating Middle East tensions. Although German September industrial production exceeded forecasts—rising 2% month-on-month and 2.3%

Korean government bond yields rose across short- and medium-term maturities on the 7th as international oil prices rebounded and US Treasury yields climbed again. The 3-year Korea Treasury Bond (KTB) yield closed at 3.961%, up 2.8 basis points (bp) from the previous trading day, while the 10-year yi

Korean government bond yields rose on the 7th, led by medium-term maturities, as international oil prices rebounded slightly and US Treasury yields climbed again. The 3-year Korean government bond yield closed at 3.961%, up 2.8 basis points from the previous trading day, according to the Seoul bond

According to LME data, lead orders at the London Metal Exchange increased by 8,625 tons, marking the largest rise since mid-July.

According to Jin10 data, on Tuesday, October 7, LNG shipping rates for the most common vessel type (174,000 cubic meters with two-stroke engines) on Atlantic routes declined to $25,750 per day, according to pricing agency Spark Commodities. This marks a significant drop from March's multi-year

According to Yonhap News, South Korean government bond yields rose broadly on October 6, 2026, as international oil prices rebounded and U.S. Treasury yields climbed. The 3-year yield increased 2.8 basis points to 3.961%, while the 10-year yield rose 0.7 basis points to 4.376%. The 5-year and 2-year

According to Yonhap News, on October 7, South Korea's government bond yields rose across medium-term maturities amid a rebound in international oil prices and higher U.S. Treasury yields. Three-year yields closed at 3.961%, up 2.8 basis points from the previous trading day, while 10-year yields rose

According to German media outlet Handelsblatt, diesel and gasoline supplies have temporarily run out at several gas stations in Germany's Rhineland region. The outages were caused by low Rhine River water levels coinciding with heightened fuel demand, placing pressure on supply chains in the

According to an EU memorandum from October 7, EU member states reached broad consensus Wednesday that no additional oil reserves need to be released following last week's Group of Seven announcement to release 100 million barrels of crude and diesel. Officials agreed at the member states' meeting th

According to Jinshi Data, Zimbabwe's state-owned Mutapa Platinum Group secured $100 million in funding today (October 7) to develop the Darwendale platinum project. The company has already begun civil construction works following the financing completion last month. The Darwendale project, located 65 kilometers west of Harare, holds an estimated 44 million ounces of platinum group metals and is expected to commence production in 2027.

According to President Volodymyr Zelenskyy, Ukraine struck two Russian oil facilities in the past 24 hours.

According to Kpler, Venezuelan crude oil shipments to India are forecast to double this month, reaching approximately 465,000 barrels per day, compared to 196,000 barrels per day in September. If all scheduled shipments arrive on schedule, this would mark the highest monthly volume since

According to foreign media reports, on October 7, Iraq devalued its currency by approximately 13 percent, adjusting the official dollar selling rate from around 1,320 Iraqi dinars to 1,520 dinars. The move comes as disruptions in the Strait of Hormuz have caused Iraqi crude oil exports to

German over-the-counter day-ahead power prices fell 27.2% recently to 140.50 euros per megawatt-hour, while French day-ahead prices dropped 38.8% to 116 euros per megawatt-hour.

According to Jin10, on Wednesday (Oct 7), European stock markets opened weaker, contrasting with overnight record highs on U.S. indices. Brent crude surged above $100 per barrel amid supply concerns from Houthi attacks on Saudi Arabia and Gulf storms. Simultaneously, 10-year U.S. Treasury yields

According to Fujairah Oil Industry Zone data, Fujairah Port's refined oil inventory fell 642,000 barrels to 7.574 million barrels for the week ending October 5. Breakdown by product: light distillates declined 1.057 million barrels to 559,000 barrels; middle distillates dropped 398,000 barrels to 2