Commodities (Crude Oil & Copper) & Macro Outlook

The US Commodity Futures Trading Commission (CFTC) sent a request for comment on futures contracts tied to computing capacity to the White House Office of Management and Budget for review, Bloomberg reported Monday. The move comes as CME Group plans to launch two compute futures contracts on

According to Bloomberg, on Monday the U.S. Commodity Futures Trading Commission sent a request for comment to the White House Office of Management and Budget regarding futures contracts tied to computing capacity for artificial intelligence. CME Group plans to launch two compute futures contracts on

U.S. Energy Secretary Wright stated today that crude oil supply from the Middle East has not yet fully recovered. The comments reflect ongoing concerns about production disruptions in the region.

According to Iranian media Fars News, Iran seized a UAE-owned oil tanker in the Strait of Hormuz today.

According to energy data, the U.S. Strategic Petroleum Reserve crude inventory fell by 5.3 million barrels last week to 293.4 million barrels, the lowest level since 1982.

Statistics Canada reported on August 17 (local time) that Canada's July Consumer Price Index (CPI) rose 3.0% year-over-year, exceeding the market forecast of 2.9%. The increase represents a 0.2 percentage point expansion from June's 2.8% rise. Statistics Canada attributed the headline CPI

US markets consolidated during the week of August 10–14 following the release of July CPI data. The Consumer Price Index rose 0.1% month-on-month and 3.4% year-on-year, both in line with forecasts, while core CPI eased to 2.5% annually—the slowest pace since March 2021. The in-line inflation

According to Statistics Canada, Canada's July consumer price index rose 3.0% year-over-year on August 17 (local time), surpassing market expectations of 2.9% and marking a 0.2 percentage point increase from June's 2.8%. Gasoline prices surged 25.7% in July, citing Middle East tensions including

On Monday, Aug 17, during European close, ICE UK natural gas futures rose 1.23%, while TTF benchmark Dutch natural gas futures gained 1.85%. EU emissions trading permits (futures) declined 0.30% over the same

According to Bloomberg, Angola's preliminary plans show crude oil exports in October projected at 932,000 barrels per day.

U.S. Energy Secretary Wright will meet with American companies on Monday to discuss ways to increase refinery processing capacity. Lowering gasoline prices depends on boosting output from U.S. and global refineries, according to Wright's

According to the London Metal Exchange, copper spot prices hit a record backwardation premium of $545 per ton versus three-month futures today, marking the largest negative calendar spread since the 2021 squeeze. Futures prices are approaching the January 2026 peak above $14,500 per ton amid

According to Bloomberg, Glencore obtained warrants at the end of 2025 that could grant it a minority stake of less than 5% in iron ore trader Radiant World. Within months, Glencore began distancing itself from the company. Radiant World is currently facing pressure after being accused of

According to Jin10, Saudi Arabia began supplying crude oil loaded from near Oman's coast on August 17, indicating a possible shift in its transshipment strategy. Saudi Aramco is providing medium and heavy crude grades via ship-to-ship transfers from loading ports in Oman Bay such as Sohar,

According to Gate's latest market data, intraday on August 17, gold rose 0.09% to $4,387.81 per ounce, while silver surged 0.97% to $65.331 per ounce. WTI crude oil climbed 0.35% to $82.81 per barrel, with Brent crude gaining 0.45% to $89.55 per barrel. Meanwhile, major European equity indices

According to Jin10 Futures, logistics operators announced on August 17 that an emergency inland fuel surcharge will be implemented starting August 19, 2026 across Denmark, Norway, Sweden, Finland, Lithuania, Latvia, and Estonia, in response to Middle East fuel supply constraints driving up fuel

According to Zhitong Finance, TL Natural Gas (08536) reported a loss of RMB 4.807 million for the first half of 2026 ended June 30, up 79.43% year-over-year, with revenue at RMB 40.739 million, down 5% from the same period last year. The company attributed the revenue decline to significant

According to Fidelity Research Institute, the firm has upgraded its global energy sector rating from 'unfavorable' to 'neutral' on August 17.

Traders said Russian ESPO mixed crude oil cargoes for October delivery have recovered a premium to ICE Brent crude oil, driven by strong demand.

According to market data, China's futures market opened higher overnight on August 17, with ethylene glycol (EG) rising over 3% leading gains. Pure benzene, PTA, and crude oil (SC) each climbed over 2%, while asphalt, fuel oil, bottle chips, liquefied petroleum gas (LPG), propylene, plastics, and