Commodities (Crude Oil & Copper) & Macro Outlook

According to Villa Vie Residences, the company's 650-passenger cruise ship Odyssey halted operations on Tuesday due to "unprecedented" fuel costs, leaving passengers stranded in Sihanoukville, Cambodia. The luxury vessel is currently docked at the port as the company coordinates passenger

According to Financial Times citing sources familiar with the matter, the U.S. and Russia yesterday discussed American energy companies returning to Russian energy markets as economic incentive to advance Russia-Ukraine peace negotiations. Proposed plans include resuming Sakhalin Island oil and

International oil prices declined for a second consecutive trading session on October 27 (US Eastern Time), with West Texas Intermediate (WTI) December futures falling $1.86 (1.83%) to $99.90 per barrel and Brent December futures dropping $1.93 (1.67%) to $113.88. The decline followed public

On Tuesday, Oct 27, spot gold rose 1.09% to close at $4,060.55 per ounce, while spot silver gained 0.84% to $54.4211 per ounce. COMEX copper futures advanced 1.76% to $6.6577 per pound, trading higher throughout the

On Tuesday, Oct 27, spot gold rose 1.09% to $4,060.55 per ounce, while spot silver gained 0.84% to $54.4211 per ounce. COMEX copper futures climbed 1.76% to $6.6577 per pound, maintaining upward momentum throughout the session. Gold traded in a narrow range during Asia-Pacific hours before

According to the American Petroleum Institute (API), U.S. crude oil inventories fell by 2.03 million barrels last week, compared to a decline of 4.93 million barrels the prior week. Gasoline inventories rose 2.39 million barrels while distillate inventories increased 426,000 barrels.

According to EIA data, U.S. finished product imports fell to -37.9 million barrels per day in the week to October 23, from 32.9 million barrels per day in the previous week. The shift to negative imports reflects net exports exceeding inbound

According to the American Petroleum Institute (API), U.S. crude oil production in the week ending October 23 increased to 47,000 barrels per day, compared to a decline of 408,000 barrels per day in the previous week.

According to the American Petroleum Institute (API), U.S. heating oil inventories increased by 380,000 barrels for the week ending October 23, compared with a decline of 169,000 barrels the previous week.

According to the American Petroleum Institute, U.S. crude oil inventory held at Cushing fell by 453,000 barrels for the week ended October 23, compared with a build of 936,000 barrels in the previous week.

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.