Commodities (Crude Oil & Copper) & Macro Outlook

According to two OPEC+ representatives cited by Jin10, OPEC+ will maintain November crude oil production quotas unchanged at meetings this weekend, with a video conference scheduled for Sunday. The OPEC+ members led by Saudi Arabia and Russia have essentially completed the nominal rollback of 2023 p

According to the U.S. Department of Energy, on September 29, the Trump administration announced it would lend 40 million barrels of Strategic Petroleum Reserve (SPR) to energy companies to stabilize fuel prices amid Middle East tensions and Russia's invasion of Ukraine. The move comes as part of

From 18:00 to 19:00 (UTC) on September 29, 2026, BTC rose slightly by 0.41%, trading within a range of 83079.5–83427.8 USDT, with an amplitude of 0.42%. The overall 24-hour change was -0.32%, with extremely limited price volatility and a narrow consolidation pattern. Market participation was low, with trading volume of only 146.82 BTC over the past hour. The primary driver of this move was systemic macroeconomic pressure. After the FED raised interest rates by 25 bps to 3.75%–4.00% on September

According to Bloomberg, the Bloomberg Commodity Index for grains rose 0.25% to 33.7613 on Tuesday (September 29) at the close of New York trading. CBOT corn futures fell 0.14%, while wheat futures climbed 0.61%. CBOT soybean futures gained 0.72% to $12.9775 per bushel, soybean meal futures rose 0.06

WTI November crude futures closed down 3.22 per barrel, or 3.48%, at 89.38 per barrel today. NYMEX November natural gas futures settled at 3.0110 per million BTU, while October gasoline futures closed at 4.8979 per

According to Shanghai Futures Exchange data from tonight, crude oil futures contract 2611 fell 1.63% to 705.20 yuan per barrel in night trading session. Separately, Shanghai gold rose 0.8% and Shanghai silver

CME Group's planned Nvidia GPU futures contracts missed their 5 October 2026 launch date after the U.S. Commodity Futures Trading Commission extended its regulatory review by 45 days to 9 November 2026, according to a 21 September CFTC letter reported by The Information on 25 September. The delay

According to The Information on 25 September, the U.S. Commodity Futures Trading Commission extended its review of CME and NYMEX's proposed Nvidia GPU futures contracts, pushing the original 5 October launch to 9 November. The 45-day extension cites novel and complex issues, including manipulation r

U.S. natural gas futures declined 3.00% during intraday trading on September 29, currently trading at $3.012 per million British thermal units (MMBtu).

On September 29, during a speech at the Andrew W. Mellon Auditorium in Washington, D.C., Trump stated the U.S. will not cooperate with China on artificial intelligence, saying the country is already ahead and must maintain that advantage. "If we do a joint venture with China or cooperate with

According to Reuters, citing two sources familiar with the matter, the White House has urged the European Union to release emergency diesel reserves to lower global fuel prices on September 30. The Trump administration is exploring multiple measures to reduce fuel costs before November's midterm ele

According to LME data, copper futures closed up $26 at $14,438 per ton today, while tin surged $412 to $54,198 per ton—the strongest gains on the day. Nickel fell $221 to $15,958 per ton, aluminum dropped $38 to $3,214 per ton, and lead declined $4 to $1,898 per ton. Zinc rose $18 to $3,870 per ton,

The US-China tariff agreement reported on September 29 excluded liquefied natural gas, leaving major LNG price benchmarks largely unaffected. Walter Bloomberg reported that the agreement did not include LNG provisions, resulting in minimal immediate impact on JKM, the Northeast Asia LNG spot benchma

From 15:00 to 16:00 UTC on September 29, 2026, BTC declined approximately 0.39% in the short term, with its price ranging from 83,363.8 to 83,762.6 USDT and an Ampl of 0.48%. Market volatility was limited, but multiple bearish macro signals combined to put overall risk assets under pressure. The main driver of this move was a marked contraction in macro risk appetite. On the one hand, expectations of a Fed rate hike in October rose rapidly, with CME FedWatch data showing that the probability of

According to the U.S. Department of Energy, on September 29, the agency announced it will release up to 40 million barrels from the Strategic Petroleum Reserve.

US Treasury bond prices rose on the morning of September 29 (US Eastern Time), pushing yields lower across maturities. The 10-year Treasury yield fell 2.00 basis points to 5.220%, while the 2-year yield dropped 0.60 basis points to 4.918%, according to Yonhap Infomax's overseas interest rate

The European Union confirmed on September 29 that crude oil supply across the bloc remains stable despite elevated diesel and jet fuel prices. Walter Bloomberg reported that the Oil Coordination Group held a meeting that day to review regional crude supply conditions. The review found no supply

From 15:00 to 15:15 (UTC) on September 29, 2026, BTC’s 15-minute candle closed 0.39% lower, with prices fluctuating between 83,363.8 and 83,762.6 USDT—a 0.48% range. Its 24-hour gain stood at 1.30%, amid generally low-volatility, low-volume trading. The move lacked a crypto-native catalyst and was driven primarily by macroeconomic and geopolitical factors, combined with a technical rebound. Trump rejected Iran’s proposal to reopen the Strait of Hormuz, pushing Brent crude above $105 per barrel a