Commodities (Crude Oil & Copper) & Macro Outlook

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

According to CCTV, China's Bayannur Oil Field achieved daily crude oil output of 5,080 tons today (October 7), marking the first time breaking the 5,000-ton mark and setting a new historical record. The field, located in the Hetao Basin of Inner Mongolia, is operated by China National Petroleum

Chevron stated that a potential hurricane has not caused any impact to its U.S. Gulf of Mexico offshore production operations as of the current time.

According to the New York Mercantile Exchange, on October 6, WTI crude oil for November delivery rose $0.01 to $89.44 per barrel, while global benchmark Brent crude oil for December delivery climbed $0.26 to $100.58 per barrel. Saudi Energy Minister Abdulaziz bin Salman announced that crude oil

According to the New York Mercantile Exchange (NYMEX), WTI crude for November delivery closed at $89.44 per barrel on October 6, up 0.01%, while Brent crude futures for December rose 0.26% to $100.58. Saudi Energy Minister Abdulaziz bin Salman revealed that the Kingdom's east-west pipeline

US stock market indices rose on October 6 (local time), with the S&P 500 and Nasdaq Composite hitting record highs. The gains were driven by rising expectations for corporate Q3 earnings and declining US Treasury yields. The Dow Jones Industrial Average closed at 51,521.28, up 253.38

According to Yonhapnews, U.S. stock indices hit record highs today (October 6, 2026) amid growing optimism ahead of third-quarter earnings season and declining Treasury yields. The S&P 500 closed up 0.58% at 7,818.93, while the Nasdaq Composite rose 0.45% to 27,599.79. The Dow Jones Industrial

According to Brazilian government data released on Tuesday (October 6), Brazil's oil exports in September reached a record high of 11.7 million metric tons, surpassing the previous monthly record of 11 million tons set in March 2023. September exports jumped 42.2% compared to the same period last

According to Jin10 Data, Cardón refinery in northwestern Venezuela caught fire on October 6, with visible flames and smoke visible at the site. Workers were evacuated and the facility suspended operations.

According to the American Petroleum Institute (API), U.S. refinery crude oil inventories increased by 461,000 barrels for the week ending October 2, significantly outperforming market expectations of a 2.341 million barrel

On Tuesday (Oct 6) at the New York close, spot gold declined 0.58% to $4,163.20 per ounce. Spot silver rose 0.44% to $61.3410 per ounce. COMEX copper futures gained 0.24% to $6.6570 per pound.

The S&P 500 closed at a record high of 7818.93 on October 6 (local time), rising 0.58% and breaking above 7800 for the first time. The surge occurred despite the 10-year US Treasury yield remaining above 5%, driven by investor expectations that AI investment will boost corporate earnings more than h

According to API data, U.S. crude oil inventories decreased by 2.1 million barrels last week, compared to an increase of 1.019 million barrels in the prior week. Gasoline inventories fell 1.4 million barrels, while distillate fuel oil inventories rose 461,000 barrels.

According to U.S. Treasury Secretary Bessent, Iran has not loaded a single barrel of crude oil onto any vessels since August 25.

According to the U.S. Commerce Department announced on October 6, the August trade deficit reached $105.6 billion, up 13.7% month-over-month and the largest since March last year. The figure exceeded economist expectations of $120 billion. Exports increased 1.4% to $315.2 billion, driven by

International oil prices closed slightly higher on the 6th (local time) as Middle East crude transport recovered while geopolitical uncertainty persisted. ICE Futures Europe December Brent crude settled at $100.58 per barrel, up 0.26% from the previous session, and NYMEX November West Texas