Commodities (Crude Oil & Copper) & Macro Outlook

According to a Reuters survey, the average U.S. crude oil price for 2026 is now forecast at $83.90 per barrel, up from $80.20 projected in August.

According to a Reuters survey, the average Brent crude oil price for 2026 is forecast at $89.05 per barrel, compared to August's projection of $85.08 per barrel.

According to Guru Club and SinoTrade, isopropyl alcohol (IPA) rose 40.7% over two months, with prices reaching 9,308.33 yuan/ton (approximately $1,283/ton) on September 29, up 23.84% from September 1. The surge reflects growing demand from semiconductor manufacturing, where IPA is widely used as a c

Iraq's State Oil Marketing Organization (SOMO) offered October crude supply contracts at discounts of up to $37 per barrel compared to regional benchmarks, according to filing documents.

WTI crude oil rose 2.00% today, trading at $89.82 per barrel. Brent crude oil gained 1.9% during the same period.

Beijing Energy International announced today, September 30, that its subsidiary Jingcang New Energy signed an EPC contract with China State Construction Engineering Corporation and Power China Beijing to construct facilities for the Yuqiao project. The contract value is approximately 267 million

According to the UK Maritime Trade Operations, three vessels—a liquefied natural gas carrier, a tanker, and a crude oil tanker—were struck by unidentified projectiles in the Strait of Hormuz on September 30. The UK Maritime Trade Operations confirmed the incidents following delayed reports of the th

According to Zijin Tianfeng Futures research released on September 30, Brent crude oil could reach $120-126 per barrel before year-end as U.S.-Iran tensions remain difficult to resolve amid global low inventory environments. The research, cited by Jin10 Futures, notes that thinning supply buffers re

According to Reuters calculations, Russia's seaborne imports of automotive fuel fell 24% month-on-month to 350,000 tons in September.

According to Fujairah Oil Industry Zone (FOIZ), as of Sept 28, Fujairah port's total refined oil inventory declined 2.08 million barrels week-on-week to 8.216 million barrels. Light distillates fell 0.477 million barrels to 1.616 million barrels, while middle distillates rose 0.087 million barrels t

According to Guru Club, WTI crude oil broke through $90 per barrel on September 30, up 0.70% intraday.

According to the Bank of England's Financial Policy Committee, financial risks have risen since July, including potential simultaneous shocks and extended supply disruptions from elevated oil and gas prices. The central bank will propose reforms to banking leverage ratios and gilt repo markets in

According to Gate data, Brent crude oil (XBRUSD) rebounded to $102.01 per barrel as of today (September 30), down 0.4% in the last 24 hours.

Wall Street analysts shifted to a bullish stance on US stocks on September 28-30, with JP Morgan upgrading its view from 'neutral' to 'tactical bullish' and Goldman Sachs discussing the possibility of an early year-end rally. The shift followed statements from New York Federal Reserve President

According to reports from major Wall Street firms on Sept. 29-30, JPMorgan revised its outlook on U.S. stocks from neutral to tactical bullish, citing a favorable environment expected in coming weeks. The shift came as U.S. Treasury yields declined, with 10-year yields

According to aviation data platform DAST, domestic economy class tickets for China's National Day holiday (October 1-7, 2026) averaged 929.7 yuan (tax included) as of September 29, up 11.2% compared to 836.0 yuan in the same period last year. Bare ticket prices averaged 820.2 yuan, a 6.0%

According to GME data, Oman's official crude oil price rose to $114.07 per barrel in November, up from $87.84 per barrel in October, marking a month-on-month increase of $26.23.

Intercontinental Exchange has launched a set of JKM LNG options, short-dated LNG freight futures and U.K. electricity options that allow energy firms to hedge three connected exposures within the same clearing environment. The new instruments address the commodity price, the vessel transporting it a

WTI crude oil rose to $89 per barrel intraday on September 30, gaining 1.09% during the session.

According to BusinessWire, Intercontinental Exchange launched JKM LNG options, short-dated LNG freight futures and UK electricity options on September 29, allowing energy firms to hedge commodity, shipping and power exposures within a single clearing environment. The JKM LNG options (code JKZ)