Commodities (Crude Oil & Copper) & Macro Outlook

According to Hopper data cited by CNBC, U.S. domestic round-trip airfares for Thanksgiving and Christmas travel surged 31% and 23% respectively in late September compared with 2025, reaching $402 and $452 as jet fuel costs remain elevated following the Iran war that began in February. Despite the h

Oil producers are paying sailors bonuses of up to $25,000 for single round trips through the Strait of Hormuz, according to The Wall Street Journal. The payments are part of an expanding shuttle run system used to move crude through the strait despite attacks on commercial vessels. Under the system,

According to the UK Maritime Trade Operations Office (UKMTO), on October 5, Iranian Revolutionary Guard forces intercepted a tanker in the Strait of Hormuz approximately 11 nautical miles north of Khasab. The vessel received a radio call instructing it to turn back or face attack; the tanker

The Philippine Department of Energy announced fuel price adjustments effective October 6, with gasoline rising P1.93 per liter, diesel falling P1.30 per liter, and kerosene increasing P3.30 per liter. The mixed adjustment follows a September 29 rollback after three consecutive weeks of steep increas

According to the Department of Energy, gasoline and kerosene prices will increase starting October 6, while diesel prices will see a slight rollback for the week of October 6-12. Gasoline prices will rise by P1.93 per liter, kerosene by P3.30 per liter, and diesel will decline by P1.30 per liter.

Canadian energy company Cenovus announced it will acquire Athabasca Oil for CAD 12.00 per share in a combination of cash and stock.

According to F&Guide and the securities industry, earnings forecasts for major KOSPI 200 companies have diverged sharply in recent weeks. As of October 5, refiners and shipping firms saw significant upward revisions over the past week—oil sector estimates rose 10%, with annual forecasts up 1.6%,

S&P 500 companies' estimated net profit for Q3 rose 2.2% compared to three months prior, driven by sharp gains in Energy and IT sector forecasts, according to financial data firm FactSet. The aggregate Q3 estimated net profit stood at $800.8 billion at end-September, up from $783.4 billion at

According to FactSet, S&P 500 companies' third-quarter net profit estimates reached $800.8 billion as of end-September, up 2.2% from June projections of $783.4 billion. Energy sector estimates surged 19.4% to $56.1 billion, driven by elevated oil prices amid U.S.-Iran tensions, with refiners like

ConocoPhillips' chairman is currently in negotiations with Syrian authorities to expand the company's operations in the region, including oil business activities, according to recent statements.

The USD-KRW exchange rate fell to 1,344.00 won at 3:30 PM on October 5 in the Seoul foreign exchange market, down 6.60 won from the previous trading day's close of 1,350.60 won, as trading remained subdued during Korea's substitute holiday for National Foundation Day. The decline tracked movements i

According to Jin10, during the first three quarters of 2026, escalating U.S.-Iran tensions and shipping risks in the Strait of Hormuz drove crude oil prices higher on supply concerns. Analysts expect the geopolitical situation to persist through the fourth quarter, with the November U.S. midterm

According to ConocoPhillips CEO, U.S. oil production is expected to exceed 14 to 14.5 million barrels per day if oil prices maintain their current levels.

According to the Russian Finance Ministry, September oil and gas sales budget revenue reached 452.4 billion rubles, up from 424 billion rubles in August.

According to data from Jin10 and China Federation of Logistics & Purchasing, China's large commodities price index rose notably in September, driven by both seasonal production strength and improved domestic and global market demand, alongside supply tightness and international price volatility in s

According to Eurostat, eurozone producer prices (PPI) rose 8.2% year-over-year in August, exceeding market expectations of 7.9% and marking a significant increase from 5.8% in July.

According to Saudi Aramco's CEO on October 5, Brent crude prices would have reached $200 per barrel if the East-West crude pipeline did not exist. The statement reflects the pipeline's critical role in global oil supply and pricing

According to Jin10 Data, Indonesia's Financial Services Authority and central bank are discussing allowing a newly established commodity exchange to conduct transactions in US dollars, according to Sarjito, the exchange's chief regulatory officer, on Monday. Under Indonesian law, all domestic transa

According to Spain's Strategic Oil Reserve Company, Spanish crude oil imports in August reached 5.7 million tons, representing an 11% year-over-year increase.

According to Bloomberg, Saudi Arabia's East-West Pipeline is operating normally. Brent crude fell $0.74 per barrel to $101.81 within five minutes following the update.