Commodities (Crude Oil & Copper) & Macro Outlook

According to iM Securities, crude oil prices emerged as the key variable determining U.S. financial market direction amid prolonged high interest rates. WTI crude oil averaged $95.7 per barrel in September, surging 16% from August's $82.5, as diesel and other energy prices accelerated. This upward e

According to the Federal Reserve, on September 24 the central bank released proposed rules governing stablecoin issuers' reserve requirements and capital standards under the GENIUS Act, enacted in July 2025. The regulation is scheduled to take effect no later than January 2027. Stablecoin issuers

According to Jin10, Ecuador's state oil company reported that SOTE (Sistema de Oleoducto Trans-Ecuatoriano), the country's main state-owned pipeline system, suspended operations on October 3 after a fire broke out at a pumping station located in Napo Province. The 500-kilometer pipeline is

According to Iraq's state oil tanker company, on October 3, the company shipped 2 million barrels of crude oil through the Strait of Hormuz using a ship-to-ship transfer method to buyers waiting outside the strait. The state oil tanker company's executives confirmed this marks the first time in

According to China National Offshore Oil Corporation (CNOOC), the main structure of the Dongfang 1-1 gas field central platform—China's first offshore carbon storage and enhanced gas recovery demonstration project—has been completed on October 4 and entered full commissioning phase. Once

According to Jin10, on October 4, Australian Treasurer Jim Chalmers warned that the US-Iran war has become an economic disaster, driving up global inflation and borrowing costs while dragging down global economic growth. Speaking on the Australian Broadcasting Corporation's Insiders program on

According to Iranian state media and CCTV News, over the past 5 days, Iran's Islamic Revolutionary Guard Corps Navy took action against at least 7 'non-compliant' tankers in the Strait of Hormuz on October 3. Iranian sources stated that the force has been taking action against more than one tanker p

U.S. President Donald Trump said he will soon fill the nation's strategic petroleum reserves with Venezuelan oil. The statement comes as the administration continues efforts to increase oil stockpiles.

According to Bloomberg ETF analyst Eric Balchunas, the U.S. Securities and Exchange Commission approved 3x leveraged ETPs on October 3 under the Securities Act of 1933. The products track Bitcoin, Ethereum, gold, silver, crude oil, and natural

According to Jin10, on October 4, Ukrainian President Volodymyr Zelensky announced that Ukraine will intensify strikes against Russian oil refineries. On the same day, a drone attack occurred in the Zaporizhzhia region, leaving one dead and ten wounded, with the International Atomic Energy Agency

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,