Commodities (Crude Oil & Copper) & Macro Outlook

From 00:00 to 04:00 (UTC) on October 7, 2026, BTC traded within a narrow range of 85,476.1 to 85,604.8 USDT, with Return % edging up 0.02% and an amplitude of just 0.15%, indicating signs of stabilization at low levels. Over the past 24 hours, BTC fell from approximately 86,695 USDT to around 84,144 USDT, a decline of about 1.69%, but signs of a bottom have emerged over the past four hours. The main driver of this move was broad pressure on risk assets from a stronger Dollar and rising U.S. Trea

According to ChainCatcher, Hyperliquid founder Jeff Yan said at TOKEN2049 in Singapore that the HIP-3 market contributed approximately 51% of Hyperliquid's trading volume in July, reflecting strong product-market fit. Crude oil and pre-IPO perpetual futures contracts have become key applications

According to Jin10, this week Indian Oil Company tendered 3 million barrels of crude oil for November delivery to multiple Indian ports. Trafigura sold 1 million barrels of Abu Dhabi Murban crude at a premium of $13–14 per barrel to Brent spot prices; Mercuria sold 1 million barrels of Iraqi Basra M

According to reports, Black Hills Corp. signed power service agreements with Google on September 30, 2026, to support a new data center in Cheyenne, Wyoming. The utility will invest $1.8 billion between 2027 and 2029 to build 564 MW of new natural gas generation capacity at its Cheyenne Prairie

According to the Japan Petroleum Association (PAJ), Japan's commercial crude oil inventories declined by 206,499 kiloliters to 10.6745 million kiloliters in the week ending October 3. Refinery operating

According to analyst Eamonn Sheridan, a storm forming in the Gulf of Mexico on October 7 is expected to become 2026's first Atlantic hurricane within two days and may disrupt oil and gas facilities. The sea region affected accounts for approximately 15% of U.S. crude oil production and 5% of

According to the EIA Short-Term Energy Outlook released on October 7, the agency raised its 2026 WTI crude oil price forecast to $88.21 per barrel from a prior estimate of $84.65 per barrel. For 2027, the forecast

From 01:00 to 02:00 (UTC) on October 7, 2026, BTC’s Return % reached -0.11% over 15 minutes, with a price range of 85,412.5–85,543.8 USDT and an Ampl of 0.15%. Market trading was subdued, with sentiment becoming increasingly cautious. The main driver of this move was a technical pullback amid Low Liquidity. K-line data showed that the Filled Amount during this period was only approximately 132 BTC, a relatively low level. The one-hour MA had turned bearish, while the ADX was only 11, indicating

JPMorgan Chase Chairman Jamie Dimon warned about global bond sell-off risks at a London JP Morgan event. Rising government bond yields and AI investment could pressure corporate credit markets, raising refinancing costs. According to Yahoo Finance, Dimon said the market will increasingly demand

Market experts forecast the worst phase of the global bond selloff may be over, according to a Business Insider report on October 6 (local time). Analysts cite easing oil supply concerns and excessively depressed bond prices as stabilization factors. Global bond markets have suffered from fiscal

According to Business Insider, on October 6, market experts suggested the worst of the global bond selloff may have passed. U.S. 10-year Treasury yields reached 5.35% recently, but analysts noted that easing oil supply concerns and oversold bond prices could stabilize debt markets. Apollo Global

According to Jin10 Futures, at 09:30 Beijing time on October 7, NYMEX gold futures fell 0.19%, silver futures declined 0.16%, and copper futures rose 0.17%.

According to Jin10 Futures, as of 09:30 Beijing time on October 7, WTI crude oil futures rose 1.05% and U.S. natural gas futures gained 0.64%.

According to the UK Maritime Trade Operations Office, Iran conducted 9 attacks on oil tankers in the Strait of Hormuz in October as of Oct. 7, intensifying strikes on the critical energy corridor as petroleum transport volumes approach pre-war levels. The nine incidents account for half of the

Ray Dalio, founder of Bridgewater Associates, one of the world's largest hedge funds, warned at the Greenwich Economic Forum on the 6th (local time) that a global debt crisis could occur within the next two years. Speaking via video interview from Connecticut, Dalio stated that "the supply and

According to the U.S. Department of Agriculture's Foreign Agricultural Service (FAS), India's sugar production for the 2026-27 harvest season starting this month is estimated at 29.5 million tonnes, down from the USDA's previous forecast of 33.6 million tonnes. The FAS attributed the decline to

According to BlockBeats, on October 7, tanker captains navigating the Strait of Hormuz are earning up to $100,000 monthly plus $50,000 per transit as Iran intensifies attacks on vessels in the critical energy corridor. Regular crew wages have risen 4 to 6 times normal levels, with insiders

Oil traded in a narrow range as crude shipments through the Strait of Hormuz recovered while attacks on vessels by Iran increased. According to Bloomberg on October 6, West Texas Intermediate traded below $90 a

According to Guru Club, WTI crude oil broke above $90 per barrel on October 7, rising 0.63% intraday.

The Trump administration is considering a suspension of the federal gas tax, according to recent reports. Separately, the International Energy Agency is preparing to finalize details on the release of 100 million barrels from strategic oil