Commodities (Crude Oil & Copper) & Macro Outlook

According to IEA's mid-year coal report released on September 25, the International Energy Agency raised its 2026 global coal demand forecast to growth of 1.2%, with total consumption reaching 8.94 billion tonnes, a new record. The revision comes as Middle East conflict-driven supply disruptions

According to CME data, on September 24, energy markets showed broad strength in both trading volume and open interest. Natural gas contracts led gains with trading volume surging 438,177 contracts to 1,062,521 and open interest jumping 32,675 contracts to 1,850,649. WTI crude oil trading volume

According to Jin10, on Friday (Sept 25), Netherlands called for canceling the EU's mandatory natural gas storage targets, arguing the government should not replace market mechanisms. Climate Minister Stientje van Veldhoven stated in a letter to parliament that current EU regulations conflict

According to CryptoRank, RWA perpetual contracts on decentralized exchanges reached $365 billion in Q3 2026, up 32% from the prior quarter. Public equities dominated the category, generating approximately $175 billion, or nearly 48% of total RWA perpetual DEX volume. The remaining activity

According to oil trading sources cited by media, Saudi Arabia has shifted crude oil exports from Red Sea ports toward the Strait of Hormuz in September, causing ship-to-ship transshipment operations in the Oman Sea to approach their carrying capacity limit. The increased demand for ultra-large crude

According to Jin10 and the Jerusalem Post, Iran's Foreign Minister Abbas Araghchi announced on Thursday during the UN General Assembly in New York that Iran has proposed a plan to reopen the Hormuz Strait within seven days. The plan would be based on a memorandum of understanding reached between Ira

According to Bank of America, the bank raised its year-end target for 10-year U.S. Treasury yield to 5% on Sept 25, up from 4.5% previously. The 10-year yield had already reached 5.14% on Sept 23, marking the highest level since 2007. Bank of America also raised its 2-year Treasury yield forecast to

According to analysis by the Center for Research on Energy and Clean Air (CREA) released Friday, Russia-flagged vessels increased by 36% from January 2025 to June 2026, reaching 382 ships. The expansion reflects Moscow's efforts to maintain oil and gas exports despite Western sanctions. CREA

According to local officials, the Novoshakhtinsk oil refinery in Russia's Rostov region has suspended operations following a drone strike that damaged the facility, a regional governor said.

A 40-something investor in Korea restructured a 12 billion won portfolio in 2021 after selling a business, shifting from 90% safe assets to globally diversified investments and achieving an approximately 80% cumulative return. The investor faced concerns about missing market opportunities as

West Texas Intermediate (WTI) crude oil futures declined 1.57% to $93.12 per barrel as of 10:59 AM on September 25 in Asian trading, according to Yonhap Infomax. The drop followed reports that US and Iranian negotiating teams met in New York during the UN General Assembly to discuss a phased

According to Yonhap Infomax, WTI crude oil futures fell 1.57% to $93.12 per barrel on September 25, as diplomatic talks between U.S. and Iranian delegations progressed during the UN General Assembly. The two sides are discussing a phased agreement linking Iran's reopening of the Strait of Hormuz

According to Thailand's Commerce Ministry, the country's exports are expected to grow 15% in 2026. The ministry's projection reflects expectations for sustained export demand over the remainder of the year.

According to Guru Club, Brent crude oil futures fell 2% on September 25, now trading at $98.69 per barrel.

According to Jin10, on September 25, WTI crude fell 2.00% to $91.94 per barrel, while Brent crude declined approximately 1.8% to $98.9 per barrel.

As of 09:30 Beijing time, New York gold futures rose 0.72%, silver futures gained 0.69%, while copper futures declined 0.40%.

As of 09:30 Beijing time on September 25, WTI crude oil futures fell 1.42% while U.S. natural gas futures declined 3.09%.

According to Odaily Daily, citing Gate data, Brent crude oil (XBRUSD) retraced to $104 per barrel today, currently trading at $103.99 per barrel with a 24-hour gain of 1.7%.