Commodities (Crude Oil & Copper) & Macro Outlook

Fuel oil futures main contract surged 4.00% intraday on October 28, trading at 5,518 yuan per ton.

Russian oil company Rosneft will consider dividend distribution matters on November 6.

ADNOC, the Abu Dhabi National Oil Company, recently notified its customers that a new pipeline bypassing the Hormuz Strait will commence operations in early 2027. The infrastructure project is designed to provide an alternative route for oil transport, reducing dependency on the strategic

US natural gas production is projected to reach a record 112.2 billion cubic feet per day in 2026, according to the US Energy Information Administration, while European gas prices approached approximately €98.99 per megawatt-hour on October 28. The divergence stems from expanding American LNG

According to the US Energy Information Administration, American natural gas production is projected to reach 112.2 billion cubic feet per day in 2026, marking a new annual record. Meanwhile, European benchmark gas prices hit approximately €98.99 per megawatt-hour on October 28, up 42.5% over the

The US dollar rose modestly on the 28th, with the dollar index (DXY) reaching 102.376 at 7:32 AM Eastern Time, up 0.077 points or 0.075% from the previous close of 102.299. The gain reflected upward pressure from rising international oil prices amid tensions between Saudi Arabia and Yemen's

Baker Hughes forecasts that global liquefied natural gas (LNG) production capacity will reach 800 million tons per year by 2030.

Baker Hughes forecasts that global upstream capital expenditure prospects will continue to improve through 2027.

According to Yonhapinfomax, the US dollar index (DXY) rose to 102.376 on October 28 at 7:32 a.m. ET, up 0.077 points or 0.075% from the previous close. The dollar showed limited directional movement ahead of the Federal Reserve's policy rate decision. CME FedWatch data indicated a 90.6%

According to the World Bank, global oil supply is projected to decline 5.2% in 2026, marking the largest drop in over 40 years outside the 2020 global recession.

According to the World Bank, global commodity prices are expected to surge 23% in 2026 before declining 7% in 2027, driven by ongoing global shocks.

According to Jin10 Futures, as of 21:20 on October 28, key commodity options rallied sharply. Iron Ore 2612 call (700 strike) surged 50.0% to 4.5 yuan/ton; Shanghai Aluminum 2612 put (23,200 strike) rose 39.1% to 217.0 yuan/ton; Coking Coal 2612 call (1,500 strike) gained 36.97% to 22.6 yuan/ton; Fu

According to Odaily on October 28, NVIDIA announced plans to expand Oracle's cloud infrastructure (OCI) supercluster to multigigawatt scale based on the NVIDIA Vera Rubin NVL72 system. Meanwhile, U.S. stock index futures showed modest gains in premarket trading: Dow Jones futures up 0.04%, S&P 500 f

According to Jin10, UK Chancellor John Healey announced on Oct 28 that the government will maintain its fuel duty freeze and extend a 5 pence per liter temporary tax cut through July 2027. Healey stated the government would extend tax relief measures through winter and spring, citing elevated fuel p

Global central banks are navigating conflicting monetary policy pressures as oil prices surged above $100 per barrel on 28 October 2026, driven by escalating Middle East geopolitical tensions. The US Federal Reserve is widely anticipated to hold interest rates steady at 3.75%-4.00%, while the Bank o

According to Jin10 citing Hengyin Futures research, Zhengzhou sugar contracts stabilized at lower levels with modest gains on October 28, as Chinese sugarcane mills in Guangxi prepare to restart crushing operations. Near-term headwinds stem from currency depreciation: Brazil's real weakened

US Stock Market News shows S&P 500 futures edging higher on Oct. 28 (1:30 PM IST Oct. 28) as stronger durable goods data reinforces soft landing expectations. September durable goods orders rose 1.8%, while core orders excluding transportation gained 0.5%, pointing to resilient capital spending.

As of Beijing time 20:30 today, WTI crude oil futures rose 1.93% and U.S. natural gas futures climbed 2.20%.

Ethylene glycol futures posted strong gains today, rising 5.62% to close at 5,258 yuan per ton, outperforming all commodities in the broader market. The rally was driven by supply-side tightening, with an oil tanker incident near the Strait of Hormuz yesterday coupled with inventory levels hitting b