Commodities (Crude Oil & Copper) & Macro Outlook

US retail sales surged 1.2% in August from July, the US Census Bureau reported on September 16, delivering the strongest monthly gain since March 2026 and surpassing economist forecasts of 0.7% to 0.8%. The jump followed July's monthly decline, the first in nine months, which economists had

According to Jin10, Iranian Parliament Speaker Mohammad Baqer Kalibaff posted on September 16 that rate hikes cannot open the Strait of Hormuz or increase oil production. Kalibaff proposed a modified "Strait Taylor Rule," arguing that the natural interest rate is not neutral but rather a risk

According to Guru Club, on September 16, WTI crude oil futures fell 3.75% to $96.97 per barrel, while Brent crude futures dropped 3.34% to $105.12 per barrel.

According to Guru Club, WTI crude oil futures fell 4% on September 16, trading at $96.683 per barrel.

In August, U.S. retail sales recorded 1.2% month-over-month growth, the highest level since March 2026, according to Jin10. The U.S. energy sector also showed activity, with energy officials noting approximately 18 million barrels of oil transited the Strait of Hormuz on a recent day, with a seven-d

WTI crude oil fell below $98 per barrel intraday today, down 3%. Brent crude declined 2.5% to $102.31 per barrel.

According to reports on September 16, Venezuela is preparing to export approximately 15,000 tons of aluminum to the United States this week under agreements with energy company Mocoroco and mining investment

US import prices rose 0.7% in August to an index level of 150.8, exceeding the market forecast of 0.4%, according to data released by the US Department of Labor on local time September 16. The monthly increase reversed July's 0.3% decline and marked a 7.0% surge compared to the same period last

According to House Speaker Mike Johnson, the House will not vote on a gasoline tax suspension bill this week due to disagreements among Republican members on how best to address high oil prices. The decision has drawn strong opposition from members of the Freedom Caucus, who sought to bring the

According to Jin10, ECB Governing Council member Pereira said on September 16 that eurozone inflation has not spread as rapidly or broadly as in 2022, though policymakers are closely monitoring developments, particularly given recent sharp increases in natural gas prices. Pereira stated the

According to DEGEN NEWS, on September 16, CFTC Chairman Mike Selig announced that the U.S. Commodity Futures Trading Commission is prepared to introduce new rules governing emerging areas of finance.

Gate completed its Arc blockchain integration on September 16, launching zero-gas on-chain trading and expanding its multi-asset platform across tokenized stocks, futures, and Web3 infrastructure. The integration rolled out across Gate Trenches, Gate Wallet, and on-chain market data, with a zero-gas

According to ChainCatcher, Deribit announced its largest product expansion to date, introducing over 90 USDC-settled perpetual contracts covering crypto assets, equities, ETFs, commodities, COIN50 index, and pre-IPO valuations. The first phase includes over 60 crypto perpetual contracts (ENA,

According to EIA data for the week ended September 11, U.S. gasoline refinery utilization surged to 975.27 million barrels per day from 942.27 million barrels per day the previous week, marking an increase of 33 million barrels per day.

According to the U.S. Energy Information Administration (EIA), distillate fuel oil implied demand for the week ending September 11 stood at 5.1146 million barrels per day, compared with 5.2349 million barrels per day in the previous week.

According to EIA data released for the week ending September 11, U.S. crude oil production rose to 21.093 million barrels per day, up from 20.827 million barrels per day the previous week.

According to the Energy Information Administration (EIA), U.S. refined oil inventory declined by 1.585 million barrels for the week ending September 11.

According to the U.S. Energy Information Administration (EIA), American gasoline inventories declined by 794,000 barrels for the week ending September 11.