Commodities (Crude Oil & Copper) & Macro Outlook

Total CEO Patrick Pouyanne warned at a conference in Rio de Janeiro that overlapping disruptions from Russian refinery drone attacks and constraints in the Strait of Hormuz could tighten refined oil supplies ahead of winter. According to Pouyanne, the current market shortage of refined products is "

According to latest reports on September 22, Ukrainian and Russian forces conducted multiple military strikes over the past 24 hours. Ukraine's armed forces targeted key enemy military positions, while Russian forces attacked Odesa port, cargo vessels, and logistics centers. The International

British Petroleum completed scheduled maintenance at its Whiting refinery in Indiana and resumed normal operations last week, the facility said. The refinery has a daily production capacity of 440,000 barrels.

Oil prices fell sharply on September 21 as prospects emerged for US-Iran dialogue at the UN General Assembly in New York. West Texas Intermediate (WTI) crude for October delivery dropped $4.52 (4.51%) to close at $95.78 per barrel on the New York Mercantile Exchange, marking the first close

According to Yonhapinfomax, WTI crude oil futures fell 4.51% to $95.78 per barrel on September 21, marking the first close below $100 since September 9. Brent crude declined 3.40% to $100.34 per barrel. Oil prices have dropped for four consecutive trading days, pressured by expectations of

On Monday (September 21), spot gold fell 0.84% to $4,341.89 per ounce at the close of New York trading, hitting an intraday low of $4,322.83. Spot silver declined 0.35% to $66.0265 per ounce. COMEX copper futures rose 1.34% to $6.7815 per pound, posting a cumulative gain of 5.89% over the last

From 20:15 to 20:30 UTC on September 21, 2026, ETH surged rapidly within 15 minutes, gaining 1.21%, with a price range of 2,770.78 to 2,807.02 USDT and an amplitude of 1.31%. ETH climbed from a 24-hour low of $2,608 to a high of $2,807, rising approximately 5.46%, while market volatility intensified significantly. The main driver of this move was the expectation of easing geopolitical tensions, which pushed oil prices lower and broadly strengthened risk assets. Brent crude fell for a fourth cons

From 20:15 to 20:30 on September 21, 2026 (UTC), BTC surged 0.60% in 15 min, rising from 86,719.4 USDT to 87,401.5 USDT, with an amplitude of 0.79%. The interplay between safe-haven sentiment and macro policy expectations drove the price through short-term resistance, sharply increasing market attention. The primary driver of this move was the rapid escalation of the U.S.-Iran military conflict. Iran’s Islamic Revolutionary Guard Corps announced preparations for a “counterattack,” shipping throu

According to Deutsche Bank strategist Henry Allen, over the past two weeks, the Federal Reserve, European Central Bank, and Bank of Japan have all raised rates, marking the start of synchronized global monetary tightening. However, the market may be underestimating how high and how long the final ra

Libya's National Oil Corporation closed the pipeline connecting to Zawiya export terminal recently due to a significant production decline at the Sharara oil field, the company announced. The closure reflects ongoing challenges in maintaining output from the major southern

According to Libya's National Oil Corporation (NOC), armed groups closed Valve 7 on the Salarah crude pipeline leading to Zawiya port on Monday, causing sharp production declines at the Salarah oil field. The specific impact on daily output was not

According to Wall Street Journal, the Trump administration proposed investing $5 billion in a new fund on September 22 to help Middle Eastern countries rebuild energy infrastructure damaged in the Iran conflict. The fund, to be named the Pact (Partners Alliance for Cooperation and Trust), aims to re

Russia has set export tariffs to zero for wheat, barley, and corn from September 1 through December 31, 2026, to support its agricultural export capacity. The government also implemented tariff caps on sunflower oil and meal exports: sunflower oil at 7,748

According to Bloomberg and CBOT trading data, Chicago corn futures rose 2.94% to close at $5.43 per bushel on Monday (September 21), as the Bloomberg Grains Index increased 2.14% to 35.1104 points. Soybeans gained 1.80% to $13.27 per bushel, while lean hog futures climbed 1.86% and live cattle futur

According to Jin10, Federal Reserve official Beth Mussalem indicated on Monday, September 22, that the Fed may need to raise interest rates further to combat inflation, citing strong demand and commodity price shocks extending beyond oil. Mussalem stated that without additional policy measures, infl

WTI October crude futures fell $4.52 today, a drop of over 4.5%, closing at $95.78 per barrel. Abu Dhabi Murban crude futures declined 5.7% to $111.20 per barrel. Meanwhile, NYMEX October natural gas futures settled at $2.8360 per million British thermal units, gasoline futures at $3.4699 per gallon, and heating oil futures at $4.8895 per gallon.

Shanghai Futures Exchange crude oil December 2611 futures fell 2.27% overnight to 714.30 yuan per barrel. Shanghai gold also declined 0.39%, while Shanghai silver dropped 0.70% in the same session.

According to Al Jazeera, prediction market odds for Iran imposing Hormuz transit fees by October 31 have declined to 10.5% from 24% within a week, as the country faces severe energy shortages. The Iranian government has implemented measures including reduced office hours and increased remote work to