Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 data, Houthi forces conducted attacks on Saudi Aramco facilities in Riyadh using ballistic missiles and unmanned drones on October 4. The Saudi-led coalition disputed the claim, stating that assertions about the Riyadh attack were misleading. Market reports indicated large

South Korea's export economy showed record performance in September with $120.94 billion in exports, marking an 83.5% year-over-year increase, according to the Ministry of Trade, Industry and Energy reported on the 4th. The surge was driven primarily by AI-related sectors, with semiconductors

According to Saudi-led coalition spokesman Turki al-Maliki, the coalition denied on Oct 3 that Houthi claims of attacking a Saudi Aramco oil facility in Riyadh were "misleading." Al-Maliki stated the Houthis incurred personnel losses in Taiz Province and other fronts in Yemen and were attempting to

According to Jin10, Ukrainian President Volodymyr Zelenskyy announced on Oct 3 that Ukraine will intensify attacks on Russian oil refineries in response to large-scale Russian air raids. Earlier that day, Russia's Defense Ministry said its forces used drones at dawn to strike Ukrainian

GS Caltex and other South Korean refiners are gaining prominence as global petroleum product supply disruptions intensify. While Middle East crude oil exports have recovered to 17.5 million barrels per day—98%

According to market analysis, U.S. equity indexes showed mixed performance for the week ending October 2. The Nasdaq Composite rose 0.45% while the S&P 500 fell 0.27% and the Dow Jones Industrial Average dropped 1.26%. The Philadelphia Semiconductor Index gained 3.69%, marking the strongest sector p

South Korea's KOSPI closed at 7003.74 on the 2nd, up 0.46% from the previous session, narrowly holding above the 7000 threshold amid cautious foreign buying ahead of a holiday. The index faces direction-setting factors this week, including Samsung Electronics' Q3 preliminary earnings scheduled for t

On Friday (Oct 2), U.S. President Donald Trump announced the United States will not implement a diesel export ban, reversing his previous stance amid the ongoing Iran-related energy crisis. The announcement came as G7 nations agreed to release a combined 100 million barrels

COMEX-approved warehouses in the United States now hold approximately 700,000 short tons of copper according to CME Group's latest metals update, while benchmark copper prices remain near historic highs. In September, copper briefly moved toward $6.90 per pound before retreating toward $6.70 after r

According to CME Group's latest Q3 metals update, COMEX-approved warehouses now hold roughly 700,000 short tons of copper, yet benchmark prices remain near historic highs around $6.70-$6.90 per pound. CME noted that tariff uncertainty has driven physical copper shipments into the United States,

According to Jin10 Data, on October 3 evening, Houthi forces struck Saudi Aramco targets in Riyadh using multiple ballistic missiles and drones, claiming the operation was successful and that strikes hit their targets and triggered fires. The statement said the action was in response to Saudi

Ukrainian President Volodymyr Zelenskyy pledged Ukraine will respond to recent Russian airstrikes, with refineries as primary targets.

On Saturday (October 3), explosion sounds were reported in Middle East sea areas, and Saudi Aramco facilities reportedly caught fire, according to reports. The incidents heighten geopolitical tensions in the

The Federal Reserve's FOMC meeting minutes will be released next week, with market focus shifting to December rate hike pricing, as October rate increase odds have become extremely low. Meanwhile, the Group of Seven announced plans to release strategic oil reserves early October, expected to

G7 leaders announced a 100-million-barrel emergency oil release starting immediately. The coordinated intervention runs four months, with diesel supplies frontloaded into the first 20 days, addressing shortages that pushed Brent crude

According to a G7 statement released yesterday (October 2), leaders announced a coordinated release of 100 million barrels over four months, with substantial diesel volumes frontloaded into the first 20 days. The International Energy Agency will oversee implementation and assess whether additional a

According to U.S. Treasury Secretary Bessent, Iran's maritime oil shipments in transit will reach zero this week as the U.S. tightens enforcement of sanctions on Iranian crude oil exports.

According to market reports, large volumes of smoke and flames erupted near a Saudi Aramco facility in Riyadh on October 3.

US President Donald Trump threatened to double charges against South Korea if the country does not invest in an Alaska LNG project. Trump made the statements at the White House in response to the South Korean government's assertion that no investment agreement had been reached. The remarks

According to Guru Club, U.S. natural gas futures (OTC market) broke through the $3 level on October 3, with intraday gains of 3.8%.