Commodities (Crude Oil & Copper) & Macro Outlook

The U.S. oil drilling rig count for the week ending August 14 will be released in approximately 10 minutes.

On August 14, 2026, from 15:15 to 15:30 UTC, BTC rebounded 0.23% in the short term, recovering some of its losses to around 62,852.3 USDT, with an intraday amplitude of 0.26%. Earlier, BTC briefly fell below the round-number level of $63,000, with its 24-hour decline reaching 1.12% and touching a low of $62,538, indicating an overall high-level pullback. The main drivers of this move were the convergence of rising geopolitical risks and increasingly hawkish expectations for the Fed. The U.S.-Ira

According to Semafor, Phillips 66 and Marathon Petroleum's merger negotiations broke down recently.

According to Smart Finance, Jinchuan International (02362) released its H1 2026 results on August 14, with revenue reaching $460 million, up 152.35% year-over-year. The group's net profit attributable to shareholders surged to $47.816 million, representing a 766.07% increase compared to the same

China's commodity futures market saw gains in the overnight closing session on August 14, with seven key contracts rising over 2%: synthetic rubber, paraxylene, ethylene glycol, PTA, low-sulfur fuel oil, benzene, and styrene. Coke, PET bottle resin, and soybean futures gained over 1% each.

According to South Korea's customs data released in August, the country imported 12.2 million barrels of crude oil in July, up from 11.3 million barrels in the same period last year.

According to Jin10 data, U.S. natural gas futures rose on Friday, August 14, gaining 3.4 cents as weather forecasts predict high temperatures in coming weeks, particularly across the South, driving increased air conditioning usage and gas-fired power generation demand. Flows to liquefied natural gas

US stocks opened mixed on August 14 (local time) at 9:40 AM as investors digested weaker-than-expected July retail sales data and escalating tensions between the United States and Iran. The Dow Jones Industrial Average fell 0.12% to 53,775.84, while the S&P 500 rose 0.04% to 7,802.26 and the

Bitcoin retreated to $62,773 on August 14, 2026, declining approximately 1.24% over the past twenty-four hours as the cryptocurrency failed to sustain a push toward $64,000. According to market analysis from QCP Capital, the move reflects cumulative cross-asset pressures including elevated

According to QCP Capital, Bitcoin retreated to $62,773 on August 14, down 1.24% in 24 hours, as geopolitical risks, elevated oil prices, and global liquidity uncertainty override supportive macroeconomic data. The cryptocurrency market capitalization declined to $2.16 trillion, reflecting broad

China's commodity futures opened higher on the night session on August 14, with main contracts showing more gainers than losers. Coke, PTA, low-sulfur fuel oil (LU), pure benzene, styrene (EB), and para-xylene all rose over 1%. Glass fell over 1%, while caustic soda declined

According to Jin10 Futures, on August 14, Mongolia's AI-92 gasoline prices rose 200 tugrik per liter due to increased import costs of Russian fuel. The government emergency coordination unit is deploying supply

Brent crude futures traded at $87.08 a barrel at 2:47 a.m. GMT on Aug. 14, while West Texas Intermediate crude stood at $81.31, with both benchmarks on course for weekly gains of about 4%. Prices steadied as traders weighed mounting Middle East supply risks—including a U.S. naval blockade of

Brent crude futures traded at $87.08 a barrel on Aug. 14, while West Texas Intermediate crude stood at $81.31, with both benchmarks on course for weekly gains of about 4%, according to market data. The advance was tempered by a sharp 17.4 million barrel surge in U.S. commercial crude inventories to

Ukraine's Agriculture Minister warned that prolonged closure of Odesa port through November will create a critical storage shortage for farmers, with a potential deficit reaching 11 million tons.

According to U.S. media reports, major U.S. oil companies including Chevron, ConocoPhillips, and Occidental Petroleum reduced capital spending in domestic shale basins by 10% to 20% in the first half of 2026, using high oil price windfall for shareholder returns and debt repayment rather than

According to Shanghai Futures Exchange data released on August 14, copper warehouse inventories decreased by 385 tons during the current trading period, while aluminum stocks fell 13,642 tons and nickel inventories slipped 203 tons. However, zinc, lead, tin, and natural rubber warehouses saw invento

According to Iran's Deputy Foreign Minister Qazem Gharib Abadi, on August 14, oil pollution along Qeshm Island's coast resulted from foreign military aggression. Oil has flowed into the island's fragile mangrove forests and spread to the southern coastline, according to Iranian

According to Jin10, South Africa's Constitutional Court on Friday ruled that Shell cannot renew its offshore exploration rights in the country's Indian Ocean waters. The decision concluded a five-year legal dispute between the oil giant and environmental activists who opposed the company's planned s

According to the U.S. Energy Information Administration (EIA), American oil production is projected to average 13.83 million barrels per day in August, compared to 13.82 million barrels per day in July. The EIA forecasts September production to decline slightly to 13.77 million barrels per day.