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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Oil Prices Rise 3.4% as US-Iran Hormuz Talks Cap Houthi-Driven Surge

International oil prices surged on September 24 (local time) before paring gains as reports emerged that the United States and Iran are discussing a phased agreement to reopen the Hormuz Strait. Brent crude closed 3.4% higher at $106.60 per barrel after spiking approximately 5% intraday to $108.23,
GateMacroTradfiHub·09-24 19:57
Oil Prices Rise 3.4% as US-Iran Hormuz Talks Cap Houthi-Driven Surge

BP Enters Data Room to Pursue $2B–$5B Shale Asset Acquisition

According to sources familiar with the matter, BP has entered a data room to study a potential transaction for shale assets with oil production focus valued between $2 billion and $5 billion. The move signals the company's continued interest in expanding its upstream portfolio through acquisition
BP-0.40%
GateNews·09-24 17:43
BP Enters Data Room to Pursue $2B–$5B Shale Asset Acquisition