Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Futures Exchange data, base metals overnight closing on Aug 12 showed mixed performance. Alumina led gains with a 1% rise, while aluminum alloy increased 0.42%. On the downside, nickel fell 0.50%, followed by lead down 0.09%, and zinc down 0.08%. Copper

According to EU Sentinel-2 satellite imagery captured Tuesday, an ultra-large crude carrier (VLCC) docked at a single-point mooring facility in Ju'aymah, part of Saudi Arabia's Ras Tanura oil export complex. The vessel has capacity to load approximately 2 million barrels of crude oil. This marks

According to the U.S. Department of Agriculture, the agency adjusted soybean production forecasts for Argentina and Brazil for the 2025/2026 season on August 12. Argentina's soybean output was lowered from 50 million tons to 49.5 million tons, while Brazil's was raised from 180 million tons to 180.5

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

According to Fortune, Bank of America announced a $250 billion infrastructure investment plan on Wednesday, committing to invest in critical U.S. infrastructure sectors over the next year. The investment covers data centers and computing, renewable energy generation, energy storage, natural gas,

According to Jin10 data on August 12, Iran is dealing with an oil leak near Qeshm Island in the Persian Gulf, highlighting environmental risks amid ongoing tanker attacks. Satellite imagery shows a dark oil slick near the coastal village of Sibedu Raz, an area critical for endangered hawksbill sea t

According to Oman's Environmental Authority, following a vessel stranding near Al Khubiyya Island, oil spill monitoring is underway. The contamination is expected to reach Masirah Island coastline within the coming

According to Nikkei, Japan plans to provide financial and technical support to Persian Gulf nations to help rebuild infrastructure damaged in the U.S.-Iran conflict, ensuring stable regional energy supply. The initiative aims to strengthen Japan's energy security and economic interests in the region

Congress passed competing stopgap funding bills on July 21 and August 8, moving the government-funding deadline beyond the midterms and reducing the immediate risk of an October shutdown. The House approved

Commodity futures finished higher overnight on August 12, with most major contracts advancing. Pulp, synthetic rubber, and fuel oil led gains, each rising over 1 percent. On the downside, glass declined over 2 percent, while thermal coal and soda ash fell over 1 percent.

According to Jin10 citing OPEC data, Saudi Arabia's crude oil production rose to 8.2 million barrels per day (bpd) in July, up more than 1 million bpd from 7.1 million bpd in June, driven by output recovery among Persian Gulf producers following a brief pause in Iran conflict. OPEC+ combined product

According to an EIA report, U.S. crude imports from Venezuela rose to their highest level since September 2024 during the latest week.

According to the latest EIA report, U.S. crude oil imports from Canada rose to their highest level since March 2025 in the most recent week.

According to Jin10 data and OPEC's monthly report, Russia's average crude oil output in July reached 8.87 million barrels per day, falling nearly 1 million barrels daily below its 9.824 million barrel monthly quota under OPEC+ agreements. The shortfall reflects continuous Ukrainian attacks on Russia

According to EIA data, U.S. gasoline futures fell 0.63% today, with inventory declines coming in below market expectations.

According to UN Food and Agriculture Organization data, coffee futures surged nearly 40% over the past 1.5 months, with global food prices reaching their highest level in nearly three years as of July 2026. The FAO's cereals price index rose 3.4% month-over-month and 6.9% year-over-year in July,

According to the U.S. Energy Information Administration (EIA), distillate fuel oil production implied demand fell to 5.3924 million barrels per day for the week ending August 7, down from 5.8251 million barrels per day in the prior week.

According to EIA data, U.S. implied crude oil demand declined to 18.655 million barrels per day for the week ending Aug 7, down from 19.648 million barrels per day in the prior week.

According to EIA data, U.S. crude oil production reached 2.6 million barrels per day in the week ending August 7, rising from negative 1.83 million barrels per day in the prior week.

According to EIA data, U.S. crude oil inventories rose 17.423 million barrels for the week ending August 7, significantly beating market expectations of a 1.8 million barrel decline. The previous week had seen inventories increase by 2.479 million barrels.