Commodities (Crude Oil & Copper) & Macro Outlook

Track prices and supply events for commodities such as crude oil and copper. Explore how energy costs and industrial cycles influence crypto mining, risk-on/risk-off sentiment, and global macro forecasts.
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Brent Crude Closes at $88.98 on August 12 Amid Strait Negotiations

According to ICE Futures, Brent crude oil futures for October delivery closed at $88.98 on August 12 (current local time), up 0.1% from the previous session. Oil prices finished within a narrow range as ongoing negotiations over transit through the Hormuz Strait persisted and crude oil demand
GateNews·08-12 19:57
Brent Crude Closes at $88.98 on August 12 Amid Strait Negotiations

BTC edges up 0.05% intraday as rising geopolitical risks and wait-and-see sentiment ahead of the CPI release converge

From 12:00 to 16:00 (UTC) on August 12, 2026, BTC rose slightly by 0.05%, with prices fluctuating between 64,215.1 and 64,302.3 USDT and an amplitude of 0.14%. The overall market moved sideways, showing limited volatility and a weak directional bias. The main factor behind BTC’s lackluster performance was shrinking risk appetite amid multiple layers of macroeconomic uncertainty. First, US-Iran geopolitical tensions continued to escalate. Iran warned that the Strait of Hormuz would remain closed
BTC-1.11%
GLDX-1.25%
XAU-0.13%
GateNews·08-12 16:13
BTC edges up 0.05% intraday as rising geopolitical risks and wait-and-see sentiment ahead of the CPI release converge