Commodities (Crude Oil & Copper) & Macro Outlook

The SEC approved Cboe's request on October 2 to list six 3x leveraged funds from Volatility Shares tracking Bitcoin, Ethereum, gold, silver, crude oil, and natural gas. Each fund targets three times the daily performance of the underlying futures contracts. The approval follows SEC warning letters i

According to UK Maritime Trade Operations, a tanker was struck by an unidentified object in the Strait of Hormuz, causing an engine room fire. The vessel's crew is working to extinguish the fire. No casualties or environmental impact have been reported so

President Donald Trump attributed recent gasoline price increases to refinery disruptions rather than Strait of Hormuz tensions in a Truth Social post on Oct. 5. Trump stated that record oil volumes are flowing through the Strait of Hormuz and that refinery disruptions—including Ukrainian attacks on

According to the U.S. Department of Energy, American strategic petroleum reserve (SPR) inventories fell to 283.767 million barrels as of September 25, marking the lowest level since 1982. The inventory declined by 7.85 million barrels from the previous week's 284.552 million barrels. The drawdown

According to President Trump, oil price increases are no longer primarily driven by the Strait of Hormuz, as record volumes of oil now flow daily. Instead, refinery capacity has become the key factor, Trump stated today. Russian refineries are being destroyed by Ukraine, while some U.S. states,

According to IKAR General Manager Dmitry Rylko, Russia shipped over 2.4 million tons of wheat in September, exceeding the latest forecasts by 20%.

According to ISM data released on Monday (October 5), U.S. services input cost index climbed to 74.0 in September, marking the highest level since July 2022, amid mounting tariff and fuel price pressures. The ISM non-manufacturing index declined slightly to 54.9 from 55.4 in August, while S&P

According to Politico, President Trump will soon require the U.S. Treasury to study measures for lowering diesel prices and will urge states to take action to reduce fuel costs.

According to the UK Maritime Trade Operations Office, on October 5, three vessels were hit by unidentified projectiles in the Strait of Hormuz on October 3-4, including two oil tankers and one liquefied petroleum gas carrier. Separately, an oil tanker was ordered by Iran's Islamic Revolutionary

The chief executive of TotalEnergies said on October 5 that he prefers a disorderly world to a peaceful one, citing that turmoil creates more opportunities. Walter Bloomberg reported the statement, which did not specify what kind of disorder or business opportunities the CEO was referring to. The re

On Monday (October 5) in the European close, ICE UK natural gas futures fell 2.73%, TTF benchmark Dutch natural gas futures fell 3.96%, and ICE EU carbon allowance futures fell 0.59%.

President Donald Trump plans to expand the use of red-dyed diesel, a tax-exempt fuel, according to a report by Walter Bloomberg on October 5. The measure aims to ease the requirements for using this fuel type, with an announcement scheduled for Monday. Red-dyed diesel is designated for tax-exempt

According to U.S. officials, President Trump will ease restrictions on tax-exempt diesel varieties and announce plans related to red-dyed diesel on Monday (October 6).

Spanish fuel distributor Exolum saw petroleum product shipments to Spain rise 5.4% year-over-year in September, reflecting increased demand in the domestic market.

According to Bloomberg, Iraq is seeking to increase its tanker fleet to strengthen control over oil shipments transiting the Strait of Hormuz.

US stocks showed mixed performance in early trading on October 5 (local time), with the Dow Jones falling while the S&P 500 and Nasdaq rose, as Treasury yields climbed to multi-year highs. As of 10:10 AM, the Dow dropped 136.45

According to U.S. Secretary of Agriculture, diesel prices have declined approximately 15 cents per gallon over the past few days. The U.S. President is taking action to provide immediate relief to farmers and ranchers, including releasing 100 million barrels of crude oil while prioritizing diesel

The U.S. Strategic Petroleum Reserve crude oil inventory declined by approximately 767,000 barrels last week, falling to 283 million barrels, marking the lowest level since 1982.

According to FinanceFeeds, the SEC approved a Cboe BZX rule change on Oct. 2 covering six 3x leveraged exchange-traded products, including 3x Bitcoin ETF, 3x Ether ETF, 3x Gold ETF, 3x Silver ETF, 3x Crude Oil ETF, and 3x Natural Gas ETF. The approval represents the first time U.S.-listed crypto pro

According to Exxon Mobil Global Exploration Vice President Ardill, the company will exceed 1 million barrels per day in Guyana by the end of 2026, with production expected to continue growing.