Commodities (Crude Oil & Copper) & Macro Outlook

From 18:00 to 18:15 (UTC) on August 4, 2026, ETH edged up 0.40% over the 15-minute period, trading within a range of 1,869.55 to 1,877.12 USDT, with an Ampl of 0.40%. Although a previous report mentioned an intraday decline of approximately 0.64%, short-term candlesticks showed a slight rebound. Trading activity remained relatively stable, with concentrated bid support in the Order Book and no signs of panic selling. The main driver of this modest short-term price increase was continued institut

According to Bloomberg, OPEC's oil production increased by 1.16 million barrels per day in July to 19.44 million barrels per day. Kuwait, Saudi Arabia, and Iraq led the output growth.

According to Reuters on Tuesday (August 4), Lockheed Martin, the world's largest defense contractor, is negotiating with U.S. and Canadian miners to secure supplies of vanadium and germanium amid Trump administration pressure to reduce dependence on Chinese supply chains for military applications in

The S&P 500 reached a new intraday record on Tuesday, climbing above 7,700 for the first time as investors returned to risk assets. The benchmark index hit 7,716.62 during the session, while the Dow Jones Industrial Average gained more than 900 points and the Nasdaq advanced approximately 2%. The ra

On August 4, London Metal Exchange commodities closed with mixed gains. Tin led gains with a $543 surge to $55,989 per ton, while nickel rose $133 to $17,193 per ton. Copper climbed $196 to $14,066 per ton, and zinc advanced $32 to $3,674 per ton. Lead gained $29 to $1,896 per ton and aluminum

According to Argus Media, France's corn production fell to 6.9 million tons, hitting a 50-year low.

According to India's Finance Ministry, the country raised export taxes on petroleum products effective August 3 amid global supply tensions. Diesel export tax increased from 15.5 rupees per liter to 24 rupees per liter, with an additional 1.5 rupees per liter infrastructure surcharge. Petrol export

According to Kpler, a maritime tracking agency, Iraq's crude oil exports via the Strait of Hormuz totaled over 30 million barrels between July 4 and August 4, representing a 71% decline from the pre-war monthly average of 105 million barrels.

According to Yonhapinfomax data, the U.S. 10-year Treasury yield fell 4.60 basis points to 4.638% on August 4 as of 9:31 a.m. ET. The 2-year yield declined 5.70bp to 4.199%, while the 30-year yield dropped 3.20bp to 5.199%. The yield curve steepened, with the 10-year to 2-year spread widening to 43.

According to the London Metal Exchange (LME), from November 4, the exchange will no longer accept FHG brand Grade A copper produced by Glencore's Nikkelverk AS for LME warrant generation.

According to Bitget, WTI crude oil fell 5% intraday on August 4, trading at $74.66 per barrel. The decline marks a significant single-day drop in the global benchmark energy commodity.

Crude oil 2609 futures fell 4.45% to 513.1 yuan per barrel today (Aug 4), with trading volume surpassing 3.5 billion yuan. Open interest increased by over 300 contracts during the decline, indicating a divergence between falling prices and rising

Brent crude oil touched $79 per barrel on August 4, declining 4.91% during intraday trading.

According to Marathon Petroleum, U.S. jet fuel demand reached a record high in June, underscoring resilient fuel demand across gasoline, diesel, and aviation fuel segments.

According to Saudi Aramco CEO Amin Nasser, the global market has lost over 2.6 billion barrels of oil since the U.S.-Iran conflict began in February. Despite emergency measures to mitigate the impact, global oil inventories remain critically low. "If the Strait of Hormuz reopened today at an

According to Press TV, Iran and Oman's negotiations over Hormuz Strait shipping routes have entered a new phase despite interference from the United States. Sources indicated that a bilateral understanding between the two countries could materialize if external disruptions

According to BP Chief Executive Officer Meg O'Neill, the company recently announced a strategic repositioning, no longer viewing itself as a large oil supermajor competing with rivals like Chevron, ExxonMobil, Shell, and TotalEnergies. Instead, BP will focus on competing within its own weight

Securities firms raised target prices for South Korean refiner S-Oil during Q2, marking an unusual move amid broader market corrections that have driven most stock target prices downward. The upgrades followed S-Oil's Q2 performance meeting market expectations, with analyst reports delivering

According to Petrobras, on Tuesday at the S&P Global Energy Conference in Rio de Janeiro, the company's head of exploration and production Sylvia Anjos stated that the company is prioritizing the replenishment of oil reserves and actively seeking opportunities both domestically and

Canada's exports grew for the fifth consecutive month in June, driven by a 16.5% surge in metal and non-metal mineral products. Gold shipments to the United Kingdom increased, alongside foreign resident purchases of Canadian-held gold. However, energy exports declined 10% due to lower crude oil