Commodities (Crude Oil & Copper) & Macro Outlook

The US imposed 50% tariffs on many Canadian goods on Saturday after trade negotiations between the two countries collapsed. Canadian Prime Minister Mark Carney responded by announcing reciprocal tariffs on US goods starting early next month. The tariff escalation marks an abrupt reversal from

The U.S. imposed 50% tariffs on many Canadian goods on Saturday after trade negotiations between the two countries collapsed last week, according to CNBC. In response, Canadian Prime Minister Mark Carney said Canada would impose reciprocal tariffs on the U.S. starting in early September. The move ma

South Korea's petroleum price cap policy entered its sixth month as first-half gasoline consumption reached a record high of 46.508 million barrels, a 1.3% increase compared to the same period last year, according to the Korea National Oil Corporation's '2026 First Half Domestic Petroleum Supply

According to Korea National Oil Corporation, South Korea's gasoline consumption in the first half of 2026 reached 46.508 million barrels, up 1.3% year-over-year and marking a record high for the period. Meanwhile, total petroleum product consumption fell 11.5% during the same timeframe, with

According to Jin10 Futures, as of 20:30 Beijing time on August 24, WTI crude oil futures fell 1.36% and U.S. natural gas futures rose 1.77%.

Brent crude and West Texas Intermediate crude oil prices declined on Monday, Aug. 24, as traders took profits ahead of new U.S. sanctions on Iran. Brent crude futures dropped 1.3% to $93.16 a barrel by 3:29 a.m. GMT, while U.S. West Texas Intermediate crude fell 1.6% to $85.70. Both benchmarks had g

On Aug. 24, Brent crude futures fell 1.3% to $93.16 a barrel and U.S. West Texas Intermediate crude dropped 1.6% to $85.70, pulling back after both benchmarks gained over 5% last week, as traders took profits ahead of expected new U.S. sanctions on Iran. Fewer than 20 commodity vessels crossed the S

International Energy Agency chief Fatih Birol expressed concern over Europe's natural gas situation this winter on August 24, citing low inventories, Middle Eastern supply disruptions, and the end of Russian liquefied natural gas supplies as key

According to the IEA chief, no discussions are currently underway regarding a second round of strategic petroleum reserve releases. The first drawdown in March totaled 400 million barrels, representing 20% of total reserves, with 80% of reserves still

According to the Wall Street Journal, on August 24, Trump administration energy officials claimed substantial oil flows through the Strait of Hormuz, but independent ship-tracking agencies reported sharply lower figures. U.S. Energy Secretary Wright said last week the military assisted over 15

According to Morgan Stanley strategist Michael Wilson, oil prices surging represents the biggest risk to U.S. stocks today, with the analyst recommending investors hedge portfolio exposure through energy stocks. Wilson stated that further oil price increases could push yields higher and ultimately f

Korean treasury bond yields declined on the 24th as international oil prices fell and bond markets across Asia rallied. The 3-year Korea Treasury Bond (KTB) yield dropped 1.8 basis points to 3.836%, while the 10-year yield fell 4.1bp to 4.335%. The decline followed overnight gains in U.S.,

According to Yonhap Infomax, South Korea's government bond yields declined across the board on August 24, with the 3-year yield falling 1.8 basis points to 3.836%, the 10-year yield down 4.1 basis points to 4.335%, and the 30-year yield dropping 2.6 basis points to 4.677%. The decline was driven

According to ECB Executive Board Member Piero Cipollone, the likelihood of economic downturn and stagflation triggered by the Hormuz Strait crisis is low. In an interview with Italian media ilsussidiario.net published today, Cipollone stated that there are currently no signs pointing to a stagflatio

According to Daodi Futures research on Aug 24, LPG basis spreads have compressed further as futures prices rally while spot prices remain stagnant. The contract (LPG2610) has moved into backwardation versus East China domestic pipeline prices, pressuring further upside in futures. LPG is unlikely to

According to Morgan Stanley, the investment bank raised its Brent crude oil price forecast, projecting prices will peak at $100 per barrel during the fourth quarter of 2026.

The Shanghai Futures Exchange released the revised Business Rules for Stainless Steel Futures, effective September 24, 2026. The updated rules were approved by the exchange's Board of Directors and have been reported to China Securities Regulatory

According to Treasury Secretary Scott Bessent, U.S. stock futures fell early Monday as he prepared to announce what he called the "toughest sanctions in history" against Iran. As of 4:00 a.m. ET, Nasdaq futures were down 0.8%, S&P 500 futures fell 0.3%, while Dow and Russell 2000 futures

According to MoneyToday, Binance is currently offering up to 100x leverage on XAUUSDT (gold) perpetual futures contracts, with positions facing complete liquidation on just 1% adverse price movements. For positions under 50,000 USDT, the maximum leverage reaches 100x; larger positions (50,000-400,00

According to reports, finance ministers from Germany, Spain, Portugal, Italy, Poland, and Austria sent a joint letter to Ireland, which holds the EU presidency, calling for a discussion on a windfall tax mechanism targeting oil companies that profited from the Strait of Hormuz blockade and energy