Commodities (Crude Oil & Copper) & Macro Outlook

According to reports, CBOT soybean oil futures closed up 0.7% on Tuesday (August 26), tracking gains in the soybean market driven by strong soybean demand. However, continued weakness in crude oil limited upside for soybean oil prices. U.S. crude futures fell over $2 per barrel for the second

Canadian Prime Minister Mark Carney announced Canada will match new US tariffs imposed by President Donald Trump on August 22, 2026. Canada is responding to a 50% US duty on approximately $20 billion worth of Canadian goods with retaliatory levies targeting around 700 American products. Canada's mat

According to Bloomberg, Canada will double its counter-tariff on US steel and aluminum to 50% effective Sept. 8. The measure affects approximately C$27.6 billion (about $20 billion) in US imports, matching the impact of US tariffs on Canadian goods. Other products subject to the new 50% duties

According to Guru Club, on Monday, Iraq's oil loading at Persian Gulf export facilities surged, with seven tankers carrying roughly 13 million barrels in total capacity. This marks a significant increase compared to recent weeks, when satellite imagery typically showed only one or two tankers

According to foreign media, oil prices fell over 3% to a one-week low on Tuesday (Aug 26), as traders showed muted reaction to U.S. sanctions on Iran. Market participants viewed economic pressure as posing lower risk to oil supply compared to military escalation. Saxo Bank's head of commodity

According to Seoul Bond Market data, overnight on August 26, South Korea's 3-year Treasury futures rose 9 basis points to 103.38, while 10-year futures advanced 40 basis points to 106.05. Trading volumes surged, with 3-year contracts reaching 176 compared to 15 the previous day. The gains came as in

Ten financial institutions surveyed by Yonhap Infomax forecast South Korea's August exports will reach $95.134 billion, a 63.29% increase from the same month last year, driven by a semiconductor boom. The survey, conducted on August 26, projects export volume slightly below July's record high but ma

According to Yonhap Infomax's survey of 10 financial institutions, South Korea's August exports are forecast to reach $95.134 billion, up 63.29% year-over-year. Semiconductor exports are projected to surge 198.8%, accounting for 47.2% of total exports and driving the overall export growth. The

According to Russian state news agency RIA Novosti, the U.S. dollar weakened on August 25 as international oil prices fell sharply following reports of an easing in U.S.-Iran tensions. The dollar index (DXY) declined 0.134% to 98.883, down from the previous close of 99.016. Oil prices dropped

According to China Securities Journal, China's power equipment and energy storage sectors accelerated in the first half of 2026, driven by intensified capital expenditure from major state-owned grid operators. Ultra-high voltage transmission projects and distribution network upgrades expanded

According to Guru Club, WTI crude oil fell 1% intraday on August 26, trading at $81.23 per barrel.

WTI crude oil futures opened lower by 1.5% to $81.23 per barrel during Wednesday's Asia-Pacific session (Aug 26). The move came as Oman signaled efforts to seek reopening of the Strait of Hormuz.

The US Consumer Confidence Index fell to 89.4 in August, down from 90.8 in July and below the consensus forecast of 90.3, as reported by The Conference Board. The decline was driven by a 5.8-point drop in the Expectations Index to 68.2, reflecting consumer pessimism about future business and labor c

New York crude oil prices fell sharply for the second consecutive day on the 25th as signs emerged of easing military tensions between the United States and Iran. West Texas Intermediate (WTI) crude for October delivery dropped $2.65 (3.12%) to close at $82.36 per barrel on the New York Mercantile

US stock market indices rose on August 25 (local time) as semiconductor stocks rebounded and Treasury yields declined. The Dow Jones Industrial Average closed 160.19 points (0.30%) higher at 53,577.35, the S&P 500 gained 24.36 points (0.32%) to 7,677.22, and the Nasdaq Composite climbed 171.11 point

U.S. gasoline inventories fell 3.2 million barrels for the week ended August 21, according to the American Petroleum Institute (API), undershooting the expected decline of 1 million barrels. The prior week's inventory level stood at 107.6 million barrels.

According to API data, U.S. refinery crude oil inventories declined 500,000 barrels for the week ending August 21, falling short of the expected 1.674 million barrel decrease and comparing with a 2.797 million barrel decline the prior week.

According to API data, U.S. crude oil inventories at Cushing increased by 1 million barrels for the week ending August 21, reversing the previous week's decline of 1.438 million barrels.

According to the American Petroleum Institute (API), U.S. crude oil inventories rose 4.2 million barrels last week, compared to a decline of 328,000 barrels in the previous week.

On Tuesday (Aug 25) at the New York close, spot gold rose 0.21% to $4,662.05 per ounce, forming a U-shaped recovery pattern; earlier in the Asia-Pacific session, prices climbed to $4,696.83 before pulling back. Spot silver fell 0.17% to $68.82 per ounce. COMEX copper futures advanced 1.53% to $6.809