Commodities (Crude Oil & Copper) & Macro Outlook

Polish Prime Minister Donald Tusk announced on August 13 that Poland will reduce fuel value-added tax (VAT) during the last two weeks of August. The measure aims to ease fuel prices for consumers during the summer

According to Guru Club, China's commodity futures markets opened mixed on the night of August 13. Soybeans rose 1.22%, glass gained 0.81%, coking coal increased 0.72%, and tin climbed 0.33%. Crude oil fell 1.48%, ethylene glycol dropped over 1%, and liquefied gas

Gate News message, perpetual decentralized exchanges are expanding their asset offerings beyond cryptocurrency. Over the past 90 days, BTC and ETH remained the largest assets on perp DEXs. However, $SPCX, $SKHX, $CL, $XAU, and $SP500 have emerged among the largest markets by

According to Jin10, international crude oil prices weakened overnight on August 13, with Brent crude retreating below the $85 per barrel mark during pre-market trading.

According to Jin10 Futures, as of 8:30 PM Beijing time on August 13, WTI crude oil futures fell 1.31%, while U.S. natural gas futures declined 0.46%.

According to Jin10, as of 8:30 PM Beijing time on August 13, New York gold futures declined 0.47%, silver futures fell 0.39%, and copper futures dropped 0.16%.

According to Jin10, China's nonferrous metals industry saw profits rise 94% year-over-year in the first half of 2026, primarily driven by sustained demand for AI computing infrastructure, according to data released by China Nonferrous Metals Industry Association. Metals closely tied to AI computing

According to market reports, Iran stated today that no vessels can safely pass through the Strait of Hormuz without its approval.

According to Iran's state media Fars News, Iran's cleanup of an oil spill in the Strait of Hormuz is entering its final stage.

From 11:15 to 11:30 on August 13, 2026 (UTC), BTC fell 0.28% over the 15-minute period, trading in a range of 63,442.8–63,629.3 USDT, with an amplitude of 0.29%. BTC was down approximately 0.59% overall for the day, with limited volatility. The market remained in a low-volume, narrow-range consolidation pattern, and its short-term direction remained unclear. The move was primarily driven by opposing macroeconomic factors. U.S. July CPI fell to 3.4%, in line with expectations. Cooling inflation e

According to Jin10, Greenland's authorities halted a U.S. energy company's oil exploration plan on August 13. The company had transported drilling equipment to eastern Greenland without authorization, with plans to begin extraction this autumn. The country's mineral resources department stated

The Guangzhou Futures Exchange announced trading standards for polysilicon futures contract PS2708 and lithium carbonate futures contract LC2708. PS2708 trading fees are set at 0.01% of transaction value, with intraday closing-out fees at 0.025%. Minimum order sizes are 5 contracts for opening

Qatar set its September official selling price (OSP) for seaborne crude oil at $5 per barrel below the Oman/Dubai benchmark, and onshore crude OSP at $4.50 per barrel discount to the same benchmark.

On August 13, 2026, from 10:00 to 10:15 UTC, BTC fell 0.24% over 15 minutes, trading within a range of 63,614.4–63,819.5 USDT, with an Ampl of 0.32%. The current price is approximately $63,665, down 0.59% over the past 24 hours, with an intraday Ampl of approximately 1.8%. Overall, the market is showing a low-volume, narrow-range consolidation pattern, reflecting strong wait-and-see sentiment. The main driver of this move is the market’s hedging of macroeconomic signals. U.S. July CPI fell to 3.

On August 13, Shanghai International Energy Exchange (SHIE) imposed trading restrictions on an account group that exceeded intraday position opening limits. The client's trading behavior violated Article 16 of the exchange's Abnormal Trading Behavior Management Rules, prompting SHIE to restrict

According to Jin10, Houthi militants claimed responsibility for a drone attack on Saudi Aramco's refinery in the southern Jizan region on August 9. The group, which has controlled Yemen's capital and northern areas since 2014, now holds the Red Sea coastline facing Saudi Arabia. Saudi Arabia is

According to market reports, the Houthis warned on August 13 that they would target Saudi Arabia's oil fields, airports, and electricity and water infrastructure if the kingdom launches a full-scale attack on

India's oil, crude and refined petroleum imports reached $18.31 billion in July, while gold imports totaled $4.16 billion for the same month.

According to Hankyung, on August 13, South Korea's corporate bond market faced a severe liquidity crisis as low-rated corporate debt issuances collapsed. SK D&D, rated BBB-, abandoned its bond refinancing plan after two consecutive private placement attempts failed, instead resorting to a 136.7

According to maritime risk firm Ambrey and Oman's national news agency, oil tanker Caroline (Suez-class) ran aground off Halanyat Islands on Oman's south coast on August 13, creating an oil slick covering approximately 390 square kilometers. The spill has already reached nearby continental