Commodities (Crude Oil & Copper) & Macro Outlook

From 13:30 to 13:45 UTC on August 24, 2026, BTC fell rapidly by 0.92% over 15 minutes, retreating from nearly $79,000 to a range of $78,206.3–$79,031.8 USDT, with a 1.04% amplitude. BTC had just rebounded from its 24-hour low of $76,667 to around $79,157, representing an intraday gain of approximately 1.52%. The pullback during this period disrupted the short-term rebound momentum, intensified market volatility, and led to increasingly fierce battles between bulls and bears. The primary driver o

According to Gate, gold rose to $4,675.87 per ounce with a 1.46% intraday gain on August 24. Silver climbed to $69.698 per ounce but declined 0.29% during the same period. WTI crude oil fell 0.55% to $86.62 per

According to its 13F filing, Thiel Macro disclosed eight U.S.-listed holdings worth $418.7 million as of the end of the second quarter, with the fund concentrating its portfolio on energy companies and AI infrastructure plays. Amazon was the only technology company in the portfolio at

According to PANews, citing Trump's Truth Social post on August 24, Trump announced that effective January 1, 2027, he will raise tariffs on all Canadian automobiles, trucks, auto parts, and steel to 50%. Trump cited Canada's long-standing high tariffs on U.S. agricultural products and

According to Guru Club, on August 24, Ethylene Glycol 2610 futures surged 3.64%, with prices breaking above 5,500 yuan/ton. Daily trading volume reached approximately 8.57 billion yuan, with open interest increasing 18,900 contracts. The contract extended its winning streak to 14 consecutive trading

On August 24, Low Sulfur Fuel Oil (LU) main contract futures rose over 2% intraday, trading at 5,135 yuan per ton.

According to Morgan Stanley strategist Michael Wilson, a continued surge in crude oil prices poses the greatest risk to U.S. equity markets as of August 2026. Since early July, Brent crude has climbed approximately 30% to around $93 per barrel, driven by renewed Middle East tensions and delayed U.S.

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