Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures, on September 23, Shanghai Futures Exchange energy and chemical futures warehouse inventory data showed: paper futures warehouse inventory increased to 402,637 tons, up 4,537 tons day-on-day; petroleum asphalt factory inventory declined to 76,380 tons, down 310 tons day-on

Brent crude traded at $98.43 a barrel on 23 September 2026, down about 0.83% on the day, after settling at $99.25 on Tuesday, down roughly 1% (Trading Economics; CNBC). President Trump told the UN General Assembly on 22 September that a peace deal with Iran could come after the US midterm

Saudi Arabia's Energy Ministry issued an official statement on September 22, denying reports that the country purchased 25 tankers. The ministry also rejected Iraqi claims that such purchases had driven up Iraq's crude oil transportation

According to Jin10, methanol futures declined over 3% today as crude oil prices collapsed on improving diplomatic prospects between the U.S. and Iran. Downstream MTO (methanol-to-olefins) operations expanded losses significantly, prompting several coastal plants to halt production. Despite low

According to Greece's Energy Ministry, Chevron confirmed it will begin seismic surveys offshore Greece by the end of 2026.

According to Jin10, oil prices fell on September 23, easing upward pressure on European bond yields as Saudi Arabia prepared to restart its east-west pipeline. The decline comes amid potential diplomatic progress between the U.S. and Iran, with Jefferies economist Mohit Kumar noting in a report

According to CME data, gold, silver, and natural gas futures on September 22 saw increases in both trading volume and open interest. Gold futures trading volume rose 51,901 contracts to 209,982 with open interest up 319 contracts; silver futures volume increased 15,451 contracts to 58,126 with open

On September 23, 2026, from 05:00 to 06:00 UTC, BTC plunged 0.27% within one hour, with a price range of 86,900–87,171.7 USDT and a 0.31% amplitude. Market attention spiked, and volatility rose significantly. The move was primarily driven by twin pressures from hawkish signals from the Fed and geopolitical uncertainty in the Middle East. Boston Fed President Collins explicitly supported raising interest rates and warned that inflation risks were increasing significantly, directly undermining the

According to Jin10, CME energy commodities trading volume report was updated on September 22. The data is now available in Jin10's data center.

According to Reuters and other sources, China's SC crude oil futures fell sharply today, dropping over 4% intraday and breaching the 700 yuan per barrel level for the first time since September 9. U.S. and Iranian representatives held multiple rounds of talks in New York during the UN General

According to Fitch Ratings, on September 23, the firm raised its 2027 oil price forecast to $70 per barrel from $65, predicting the global oil market will return to substantial oversupply next year. The revision reflects extended Middle East conflict duration and its impact on geopolitical risk

According to Xinhua News Agency, Chinese company Huahua Petroleum Holdings completed a natural gas processing facility at Iraq's Donbai oil field on September 22. The facility is designed to handle 25 million standard cubic feet of natural gas daily. Iraq's Oil Minister Bassim Muhammad Houdairi and

According to the Financial Times, South Korea has selected a Texas natural gas facility as its first project under a new U.S.-Korea investment agreement. The White House is expected to announce the project as early as Wednesday (September 25), with sources indicating that President Trump may

South Korean government bond yields declined on the 23rd, with the 10-year benchmark Korea Treasury Bond yield dropping 4.2 basis points to 4.402% and the 30-year yield falling 5.1 basis points to 4.578%. The decline was driven by falling international oil prices following news of U.S.-Iran

According to HKEx executive director and market management head Yu Xuexin on September 23, Hong Kong Exchanges and Clearing will introduce yuan-denominated gold futures contracts tradable in Hong Kong in early 2027, followed by additional commodity investment products priced in yuan. The

According to Yonhapinfomax, on September 23, South Korea's government bond yields declined across the curve. The 3-year benchmark yield fell 1.6 basis points to 4.014%, while the 10-year benchmark yield dropped 4.2 basis points to 4.402%. The 30-year yield declined 5.1 basis points to 4.578%, with t

According to analysis published by Financial Times on September 23, European drivers are facing the steepest diesel price increases among major economies. The NGO Transport and Environment, analyzing European Commission data, found that diesel prices in Europe have risen 40% since the start

According to Jin10, Copper prices on the London Metal Exchange fell 0.8% on Wednesday (September 23), retreating from near-record highs after a six-day rally, as traders reassessed U.S. interest rate prospects amid Federal Reserve policy signals. Multiple Federal Reserve officials expressed

According to Guru Club, on September 23, WTI crude oil futures fell 1% to $88.58 per barrel, while Brent crude oil futures declined 0.6% to $94.6 per barrel.