Commodities (Crude Oil & Copper) & Macro Outlook

According to Kyiv Independent, on August 11, Ukrainian forces targeted a Russian oil refinery in Tatarstan. The attack was reported alongside strikes in occupied Crimea and Donetsk Oblast.

On Sunday, U.S. Senator Chris Murphy said he would support a deal to end the conflict between the U.S. and Iran, citing American suffering from the ongoing war and the escalating economic cost to reopen the Strait of

According to Guru Club, citing data from South Korea's National Statistical Office and Customs Service released on August 11, the country's exports surged 57.3% year-over-year to $275.5 billion in the second quarter, marking an all-time high for available records. The semiconductor sector drove the

According to Jin10 and Libya's National Oil Corporation, the Zawiya refinery in western Libya faces potential forced closure due to sustained drone attacks on August 11. The facility has endured three strikes between August 9-10, with the latest damaging an oil blending and loading plant near a

According to the Wall Street Journal, Trump is willing to declare victory over Iran without securing a nuclear deal, provided Tehran fully reopens the Strait of Hormuz. With midterm elections three months away and elevated gas prices, Trump is seeking a victory narrative on the Iran

According to Sky News, extreme heatwaves affecting the UK and Europe this summer could drive food price inflation, a local farmer in West Sussex told the broadcaster. The heat has been described as 'unprecedented' and linked to historic weather

Cyprus's energy minister announced on August 11 that natural gas from an undersea deposit off the island will help meet European energy demand beginning in March 2028.

Brent crude oil rose 1.5% to $89.04 per barrel during intraday trading on August 11.

Brent crude oil broke through $88 per barrel today with a 1.25% daily gain. WTI crude traded at $82.56 per barrel, up 1.42% intraday.

Over the last 48 hours, almost all ship traffic in the Strait of Hormuz continues to use the Iran-controlled lane, according to latest traffic data.

According to a military spokesperson for Yemen's Iran-backed Houthis, the group attacked Saudi Aramco's refinery in Jazan, a city in southern Saudi Arabia, on Sunday.

According to Guru Club and China Great Wall Futures, on Tuesday, low-sulfur fuel oil led gains in the energy complex with the main contract rising over 4%, tracking strength in crude oil. Supply constraints are driving the rally. Limited oil tanker transits through the Strait of Hormuz have

According to Bitget market data, WTI crude oil rose 1% on August 11, trading at $82.29 per barrel.

Fuel oil main contract futures rose 6.00% intraday on August 11, trading at 3,719 yuan per ton.

WTI crude oil reached $82 per barrel today, gaining 0.69% intraday.

Dalian Commodity Exchange coking coal futures main contract surged 5% today (August 11), closing at 1,338.5 yuan per ton.

On Monday (August 10), London aluminum futures rose 1% to their highest level since June 23 as hopes for near-term reopening of the Strait of Hormuz faded. Trump presented a new set of demands to Iran, including compensation for related deaths. The hardening stance from both sides signals

Soda ash main contract touched 1000 yuan per ton intraday on August 11, rising over 4% for the day and reaching its highest level since July 27.

According to Xinhu Futures, butadiene (BD) capacity utilization remained depressed at around 63% in August, well below historical averages for the period, as several production units remained shut or postponed restarts until September. Domestic BD inventories have depleted to historically low

SD Guthrie's chief executive officer expects crude palm oil prices to remain between 4,600 and 5,000 Malaysian ringgit per tonne for the remainder of 2026.