Commodities (Crude Oil & Copper) & Macro Outlook

Shanghai Futures Exchange crude oil 2610 contract fell 0.98% overnight to 587.8 yuan per barrel. Shanghai gold rose 0.61%, while Shanghai silver declined 0.65% during the same session.

According to the U.S. Department of the Treasury, the U.S. Treasury on August 24 implemented secondary sanctions targeting five sectors: digital assets, technology, gold, aviation, and shipping. The Treasury also suspended a general license for partial payments to

Central banks will release key data this week, with RBA meeting minutes on Tuesday at 01:30 AM GMT, US core PCE and GDP on Wednesday at 12:30 PM GMT. Canada reports GDP growth on Friday at 13:30 GMT, while Federal Reserve Chair Kevin Warsh delivers a keynote speech at Jackson Hole on Friday at 14:00

Treasury Secretary Scott Bessent announced during the week of August 17–21 that the Treasury would at least double liquidity-support buybacks of 10- to 30-year debt from $2 billion to at least $4 billion per operation, starting September 9. The intervention came after the 30-year yield touched a 19-

LME copper futures closed up $58 at $14,273/ton today (August 24). Other metals showed mixed performance: aluminum fell $9 to $3,228/ton, while zinc and lead rose $12 and $13 respectively. Nickel declined $32 to $17,026/ton, tin dropped $143 to $55,748/ton, and cobalt closed flat at $56,290/ton.

Oil and gold markets face key technical tests this week amid significant US economic data releases. US GDP growth for Q2 2026 is expected to revise down to 1.5% from 2.1%, while core PCE inflation forecast shows a 0.1% monthly increase for July. The Federal Reserve Chair Kevin Warsh will deliver a k

On August 24, European energy futures rallied during late trading: ICE UK natural gas futures rose 3.58%, TTF Dutch natural gas futures climbed 3.23%, and ICE EU carbon emission allowances gained 1.71%.

According to Houthi statements on August 24, the Iran-backed Houthis claimed they successfully attacked the Saudi oil tanker Amzan using ballistic missiles in the northern Red Sea off the coast of Yanbu, causing fires aboard the vessel. The group also stated it conducted parallel military

According to Trump's statement on Truth Social on August 24, U.S. President Donald Trump announced 50% tariffs on Canadian vehicles, trucks, auto parts, and steel effective January 1, 2027. Goods produced in the United States will face 0% tariffs, Trump

MSCI North Europe Index held largely flat at 401.99 points as of August 24. The energy sector led declines across all ten sectors, with oil refiner Neste Oyj falling 4.8% and marking the weakest performer among Nordic

WTI crude oil fell below $84 per barrel intraday on August 24, declining 2.71% during the session.

WTI crude fell $0.56 per barrel to $84.48 in 5 minutes on August 24. Brent crude declined $0.53 per barrel to $90.30 over the same period.

The U.S. Strategic Petroleum Reserve crude oil inventory fell approximately 3.7 million barrels last week to 289.7 million barrels, marking the lowest level since 1982.

According to Bloomberg, Nigeria raised its October Qua Iboe crude oil export loadings to 184,000 barrels per day, marking the highest level in four months.

According to UN Secretary-General Guterres at a press conference on August 24, the United Nations has established a task force to address the Hormuz Strait crisis triggered by conflicts in the Middle East and ongoing Russia-Ukraine tensions. Shipping disruptions in the Hormuz Strait, Red Sea, and

According to the Associated Press, on August 24, Ontario Premier Doug Ford threatened that Canada should prepare to cut off electricity and critical mineral supplies to the United States if trade tensions escalate further. Ford stated that 'all options are on the table' and vowed not to allow 'one g

According to Maersk, last week (week of Aug 17), vessel traffic through the Strait of Hormuz and the Bab el-Mandeb remained active. However, overall transit volume masks significant structural changes in vessel flow patterns, the shipping company

TotalEnergies CEO stated that the cost of transporting a single oil shipment through the Strait of Hormuz is $20 million. The Strait of Hormuz remains one of the world's most critical energy chokepoints, with a significant portion of global oil exports passing through the narrow

Capital.com reported $1.13 trillion in client trading volume for the second quarter of 2026, down $140 billion from the first quarter. The broker executed 34.9 million trades between April and June, down 23.2% from 45.4 million in Q1, with average trade size increasing 16%

According to sources, Russia's Perm oil refinery ceased operations following a drone attack on August 21. The facility, a key component of Russia's petroleum production infrastructure, has halted processing activities in the wake of the