Commodities (Crude Oil & Copper) & Macro Outlook

According to Wind data, Northern Copper's stock price fell to 14.74 yuan per share with a 10.01% decline on September 11. The company attributed the drop to multiple factors, particularly the decline in international copper prices, as its primary product is cathode copper. Northern Copper noted it h

The European Central Bank unanimously raised its three key policy rates by 25 basis points on September 10, according to Yonhapinfomax. Bundesbank President Joachim Nagel told CNBC the central bank remains at the upper end of a neutral policy zone and does not rule out entering a gradual

According to Jin10, the Dutch government lowered its natural gas storage target on September 11 in response to Middle East tensions and to ease wholesale price pressures. The Dutch climate ministry set the new target at 64% of storage facility capacity, down from 74% previously. The new lower target

The US dollar strengthened during the trading session, with the dollar index rising to 99.170, up 0.096 points or 0.097% from the previous close of 99.074. The currency gained amid elevated oil prices and market anticipation of upcoming US inflation data. High oil prices stem from prolonged

U.S. inflation remained at 3.4% in August, but core CPI excluding food and energy fell to 2.4% year over year from 2.5%. The Consumer Price Index rose 0.4% month over month, accelerating from July's 0.1% gain, driven by a 3.9% jump in gasoline prices and a 2.1% increase in the broader energy

White House economic advisor Hassett said today that diesel represents a significant challenge as a refined product, citing that major diesel refining capacity is concentrated in regions disrupted by conflict. Hassett also noted that proposed $5,000 checks could be implemented through the budget

According to Jin10 on September 11, Canadian Conservative Party Leader Pierre Poilievre urged the Trump administration to ease tariffs against Canada, citing the country's abundant oil and mineral resources as a means to help reduce U.S. inflation. Poilievre noted he had discussed establishing a str

The U.S. Bureau of Labor Statistics reported that August CPI rose 3.4% year-over-year, in line with expectations; month-over-month growth was 0.4%, also matching expectations. However, core CPI, excluding food and energy, rose 0.3% month-over-month, above the market estimate of 0.2%. This slight deviation changed the direction of Interest Rate market pricing. According to Gate event market data, after the CPI data was released, market pricing for the probability of the FED raising Interest Rates

According to AXIOS, oil prices surged to approximately $100 per barrel on September 11, driven by escalating conflict in Iran, up from around $80 in mid-August. The U.S. average diesel price has reached $6 per gallon, marking a historic high, according to the American Automobile Association (AAA). T

From 12:00 to 13:00 (UTC) on September 11, 2026, BTC weakened slightly, with Return % at -0.15%, a price range of 76,906.9–77,125.1 USDT, and an Ampl of 0.28%. The price briefly fell below the $77,000 threshold during the session and rebounded approximately 1.19% from the $76,023 low within 24 hours, but the cumulative weekly decline still exceeded 5%. Market sentiment remained weak, with a strong wait-and-see atmosphere. The main driver of this move was a sharp increase in expectations for tigh

From 12:45 to 13:00 (UTC) on September 11, 2026, BTC rose 0.57% over the 15-minute period, trading between 77,567.8 and 78,142.8 USDT, with an Ampl of 0.74%. The price rebounded approximately 1.19% from the 24-hour low of $76,023, but the weekly cumulative Fall % still exceeded 5%, with the current price around $77,882. The market remained broadly under pressure amid rising expectations of tighter macro liquidity, while volatility intensified. The primary driver of this move was the sharp increa

On September 11 evening, China's futures contracts opened mixed, with crude benzene leading losses down over 4%. Styrene (EB), ethylene glycol (EG), and synthetic rubber fell over 3%, while polypropylene, liquefied petroleum gas (LPG), plastic, and propylene declined over 2%. Shanghai silver rose o

According to Jin10, Europe's natural gas prices are expected to remain elevated amid liquefied natural gas (LNG) supply pressures stemming from Hormuz Strait disruptions. Commerzbank raised its year-end TTF (Europe's natural gas benchmark) price forecast to EUR 75 per megawatt-hour, up

U.S. non-seasonally adjusted used vehicle and truck inflation declined to -2.3% year-over-year in August, down from -1.9% in the prior month.

U.S. unadjusted energy inflation reached 16.3% year-on-year in August, up from 14.7% in the previous month, marking a 1.6 percentage point increase.

Brent crude surged above $107 a barrel Thursday, settling at $107.63 and briefly moving above $108 before extending to roughly $109.62 on Sept. 11, driven by escalating disruption around the Strait of Hormuz and the wider U.S.-Iran conflict. The rally was fueled by restricted Gulf crude flows and in

According to Bitcoin News, the CFTC's approval of Kalshi's bitcoin perpetuals as futures products has left traders uncertain about how to report gains to the U.S. Internal Revenue Service. If classified under Section 1256 of the U.S. Tax Code, profits would typically be taxed as 60% long-term

According to Jin10, Houthi forces seized the southwestern port city of Mocha this week under direct guidance from Iran's Revolutionary Guards, according to Yemeni government, Iranian and regional sources. The seizure strengthens the militants' control over the Strait of Mandeb, a critical waterway w

According to shipping data from Jin10 on September 11, Russia's seaborne grain exports fell 61.9% year-on-year in August to 2 million tonnes, primarily due to disruptions in the Azov-Black Sea basin. The disruptions stem from escalating drone attacks between Russia and Ukraine; Russian authorities s

China's National Development and Reform Commission implemented temporary price control measures on September 11, capping increases in domestic gasoline and diesel prices at 260 yuan and 250 yuan per ton respectively, down from standard mechanism adjustments of 435 yuan and 420 yuan. The move comes a