Commodities (Crude Oil & Copper) & Macro Outlook

US stocks declined on May 14 (local time) as weak consumer indicators heightened economic slowdown concerns, while international oil prices rose on fears of a Strait of Hormuz blockade. The Dow Jones Industrial Average fell 107.58

According to ADNOC, the company's vessel was attacked while transiting the Strait of Hormuz on August 14. No personnel were injured in the incident, and the situation has been brought under control.

According to Barclays, the bank maintains its 2026 Brent crude oil price forecast at $96 per barrel.

International oil prices rose over 1% on the 14th as attacks on civilian vessels continued in the Strait of Hormuz and Red Sea. Abu Dhabi National Oil Company (ADNOC) reported two of its vessels were attacked while transiting the Strait of Hormuz, with the UAE attributing the attacks to Iran. The

According to the New York Mercantile Exchange, WTI crude for September delivery rose 1.15 dollars, or 1.42%, to close at 82.40 dollars per barrel on August 14 (U.S. Eastern Time). Brent crude for October delivery climbed 1.45 dollars, or 1.67%, to 88.52 dollars per barrel. The gains followed

Brent crude oil rose 2% intraday on August 14, currently trading at $88.89 per barrel.

Former President Donald Trump stated that the United States imports millions of barrels of oil from Venezuela weekly. Trump also claimed the U.S. has achieved significant progress on Iran policy, citing reduced Iranian military capabilities and currency

US stock indices declined on August 14 (local time), with the S&P 500 falling 0.17% to 7785.76, one day after setting a new all-time high. The decline was driven by weaker-than-expected July retail sales, which dropped 0.6% month-over-month marking the largest decline in 14 months, and the

According to Saba News Agency on August 14, Yemeni military forces conducted a drone attack on Saudi Aramco oil facilities in Nazran region, a key distribution hub for petroleum product storage and export. The operation was described as successful by military sources. The strike was reportedly in re

On August 14, weak US economic data dampened Federal Reserve rate hike expectations, driving gains in gold and foreign currencies. July retail sales contracted 0.6% month-over-month, below the 0.1% consensus forecast, while the University of Michigan Consumer Sentiment Index fell sharply from 55.2 t

According to CFTC data for the week ended August 11, WTI speculators increased net long positions by 4,034 contracts to 105,860 contracts. Meanwhile, speculators across NYMEX and ICE natural gas markets reduced net short positions by 18,848 contracts to 70,241 contracts.

According to the CFTC, as of the week of August 11, speculators' net short positions in CBOT 2-year Treasury futures increased by 16,815 contracts to 1,021,043 contracts. Speculators' net short positions in CBOT 10-year Treasury futures decreased by 64,190 contracts to 915,053 contracts.

According to CFTC data for the week ending August 11, COMEX gold speculators' net long positions increased by 9,470 contracts to 141,868 contracts. Silver net long positions decreased by 755 contracts to 10,312 contracts, while copper net long positions rose by 3,085 contracts to 80,880 contracts.

Kolibri Global Energy Inc. announced its second quarter 2026 financial results, reporting record quarterly revenue of $22.5 million. The company reported net income of $8.5 million and basic earnings per share of $0.24 for the second quarter of 2026. The revenue increase of 109% compared to the seco

According to the company, Kolibri Global Energy Inc. announced record quarterly results for Q2 2026 ended June 30. Revenue, net of royalties, reached $22.5 million, a 109% increase from $10.8 million in Q2 2025. Net income surged to $8.5 million with earnings per share of $0.24, compared to $2.9 mil

On August 14, crude oil futures prices climbed as trading closed. September-delivery light sweet crude (WTI) on the New York Mercantile Exchange rose $1.15 to $82.40 per barrel, gaining 1.42%. October-delivery Brent crude on ICE rose $1.45 to $88.52 per barrel,

Cboe BZX Exchange filed a proposal on Friday seeking U.S. Securities and Exchange Commission approval to list six leveraged commodity exchange-traded funds. The proposed suite includes 3x daily bitcoin and ether products alongside 3x Gold, Silver, Crude Oil, and Natural Gas ETFs. All funds aim to de

According to The Block, Cboe BZX Exchange filed a rule change proposal with the SEC on Friday seeking approval to list six leveraged commodity ETFs, including 3x daily Bitcoin and Ether products. The funds will also cover 3x Gold, Silver, Crude Oil, and Natural Gas, with each designed to deliver

According to Jin10, Shanghai Gold main contract closed up 0.60% at 952 yuan/gram, Shanghai Silver main contract rose 0.57% to 15,841 yuan/kilogram, and SC crude oil main contract climbed 2.60% to 569 yuan/barrel as of 2:30 AM close on

According to an official Indian government order, India will reduce its diesel export tax from 25.5 rupees per liter to 24 rupees per liter, effective August 15, 2026.