Commodities (Crude Oil & Copper) & Macro Outlook

The US Treasury completed its fourth consecutive full buyback of long-term bonds on May 27, purchasing the maximum $6 billion in securities with maturities of 20 to 30 years. The auction drew $10.746 billion in sell orders, resulting in a bid-to-cover ratio of 1.79 times, significantly lower than th

The U.S. API crude oil inventory for the week ending October 23 is set to be released in approximately 10 minutes.

According to Jin10, the Gas Exporting Countries Forum concluded its eighth summit on October 27 in Moscow, issuing the Moscow Declaration. The declaration reaffirmed member states' sovereign rights over their natural resources and emphasized natural gas's role in global energy security. Member

According to Bloomberg data, on Tuesday (October 27), CBOT corn futures fell 1.10% to $4.50 per bushel, while soybean meal futures declined 1.62%. The Bloomberg Grains Index dropped 1.06% to 30.2220 points during New York's close. Other CBOT grain futures also posted losses: wheat futures fell 0.85

According to Iran's semi-official Nurnews, gold futures rose 0.88% to $4,074 per troy ounce on Oct 27 (US Eastern Time), as Iran's Supreme Leader Ayatollah Khamenei expressed willingness to end the conflict if Iranian-set conditions are met. West Texas Intermediate crude oil fell 1.5% to

According to Washington Post, President Trump will announce a relaxation of methane emission regulations for oil companies.

According to the Financial Times, the United States and Russia are discussing the return of American energy companies to the Russian market as part of ongoing Ukraine peace negotiations. The talks include potentially reviving American oil companies' participation in Far East energy projects and

According to Freeport-McMoRan on October 27, the mining company cut its copper sales forecasts for 2026 and 2027 to approximately 3 billion and 3.7 billion pounds respectively, down 2% and 2.5% from prior guidance. In the third quarter, the company reported revenues of $7.546 billion, up 8%

According to Jin10, on October 28 at 2:30 a.m. closing, Shanghai gold futures rose 1.05% to 873 yuan/gram, Shanghai silver rose 0.93% to 13,107 yuan/kilogram, and SC crude oil fell 2.56% to 713 yuan/barrel.

According to U.S. Secretary of Energy Wright, refined product flows through the Strait of Hormuz have increased.

WTI crude oil declined 2.0% intraday today, trading at $99.67 per barrel.

According to Jin10, on October 28, President Trump announced that the United States will receive the first 1 million barrels of Venezuelan crude oil, with subsequent supplies expected to reach billions of barrels. Trump stated the oil would be obtained at no cost to U.S. taxpayers and represents the

According to Bloomberg, Millennium Management, which oversees approximately $97 billion in assets, is developing tools on October 28 to use prediction market data as trading signals for its portfolio managers. The hedge fund is exploring data from Polymarket and Kalshi, with some managers

According to Bloomberg, the Trump administration's Environmental Protection Agency is set to announce a proposal to ease federal methane emission requirements for oil and gas operations. The EPA estimates the proposal will save approximately $45 billion through 2050 while increasing oil and

According to sources, Saudi Aramco has been offering spot crude shipments for October and November to European buyers following a disruption to its East-West pipeline after an attack closed the Yanbu export port. The company had previously informed European refineries that no term contract cargoes w

On October 27, ICE UK natural gas futures fell 0.7% to 236.700 pence per thermal unit during European afternoon trading, dipping to 231 pence earlier at 18:39 Beijing time. Meanwhile, TTF benchmark Dutch natural gas futures rose 0.78% to 95.900 euros per megawatt-hour. ICE EU emissions allowances

According to traders, Russia's western oil exports are expected to decline by 100,000-200,000 barrels per day in November as domestic refineries ramp up production.

According to sources, Russian refineries have increased crude oil processing by 25% since drone attacks halted in mid-October.

According to remarks Tuesday at a Reuters automotive conference in Detroit, Honda's senior vice president of corporate affairs Jennifer Thomas warned that a doubling of tariffs on Canadian vehicles and parts from 25% to 50%, scheduled to take effect on Jan. 1 if no trade agreement is reached,