Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, CME Group suspended on October 3 the launch of 10-barrel crude oil futures contracts originally planned to trade 24/7. CME cited concerns from key market participants that around-the-clock energy futures trading could produce unintended consequences and increase market risk. CME

U.S. President Trump said on October 2 he will not implement a diesel export ban. Trump noted that Europe has made significant contributions in releasing reserves, as has the United States.

According to the U.S. Commodity Futures Trading Commission (CFTC), during the week ending Sept 29, speculators reduced net short positions in 2-year Treasury futures by 115,041 contracts to 792,024 and in ultra-long Treasury futures by 10,289 contracts to 326,436. Speculators increased net short po

According to the U.S. Commodity Futures Trading Commission (CFTC), crude oil speculators reduced their WTI net long positions by 17,317 contracts for the week ended September 29, bringing the total to 131,150 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), natural gas speculators increased net short positions by 53,998 contracts to 81,156 across NYMEX and ICE's four major markets for the week ending

According to CFTC, during the week ended Sept. 29, speculators reduced their net long positions in NYMEX WTI crude oil by 19,672 contracts, bringing the total to 122,916 contracts—marking a four-week

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending September 29, speculative traders reduced net long positions across three key commodities. COMEX silver speculators cut net long positions

Petrobras' Chief Executive Officer announced the company will deploy drilling vessels to commence operations on three new oil wells beginning in the first quarter of 2027.

Petrobras' CEO announced the company expects to complete drilling of its first well in the Amazon Estuary by the end of October.

WTI crude oil November futures closed at $91.11 per barrel on October 2. Abu Dhabi Murban crude futures fell 0.91% to $108.40 per barrel, up 9.44% for the week. NYMEX natural gas November futures settled at $3.0350 per MMBtu, while November gasoline and heating oil futures closed at $3.3124 per

According to a U.S. official cited by Jin10, the U.S.-Ukraine Joint Reconstruction Investment Fund finalized its first critical minerals project yesterday (October 2), bringing cumulative projects to 6 with a combined value of approximately $70 million. The inaugural minerals project will allocate r

According to the Intercontinental Exchange (ICE), gasoline speculators reduced their net long positions by 16,978 contracts for the week ended September 29, bringing the total to 73,853 contracts.

According to Intercontinental Exchange data, as of the week ending September 29, speculators reduced their net long positions in Brent crude oil by 13,812 contracts, bringing the total to 204,302.

From 17:15 to 17:30 (UTC) on October 2, 2026, BTC fell slightly by 0.37% over 15 minutes, with prices ranging from 84,567.9 to 84,982.1 USDT. Its amplitude was only 0.49%, and it remained broadly range-bound, while the daily close was down 0.42%. Market sentiment was subdued, Filled Amount remained at normal levels, and the buy/sell depth ratio of 1.09 was within the balanced range. Both bulls and bears placed concentrated Maker orders near $85,107, forming a short-term price anchor. The primary

According to Baker Hughes, U.S. energy companies reduced their rig count for the first time in six weeks, signaling a shift in drilling activity amid market conditions.

The U.S. total rig count declined to 598 in the week of October 2, down from 599 in the prior week, according to weekly drilling data.

The U.S. oil rig count totaled 456 in the week ended October 2, up from 455 rigs in the prior week, according to weekly drilling data.

ICE raw sugar futures hit an 18-month high today, rallying to 19.94 cents per pound with gains of 5.2%.

For the week ending October 2, the U.S. natural gas drilling rig count totaled 133, down from 135 rigs in the prior week.

The Group of Seven (G7) announced on October 2 (local time) the coordinated release of 100 million barrels of crude oil and diesel reserves to stabilize fuel prices under pressure from the United States. The release, coordinated by the International Energy Agency (IEA), will begin immediately and