Commodities (Crude Oil & Copper) & Macro Outlook

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

From 13:45 to 14:00 on August 4, 2026 (UTC), BTC fell 0.52% over 15 minutes, with a price range of 63,656.8–64,022.0 USDT and an Ampl of 0.57%. It fluctuated by only 0.68% over the past 24 hours, with the current price remaining within a narrow range of $63,000–$64,000. Overall market sentiment was strongly wait-and-see, with a filled amount of only 209.24 BTC, confirming extremely low market participation. The core driver of this minor pullback was the interaction between geopolitical risks and

According to BlockBeats, on August 4, U.S. Secretary of State Rubio stated that the Hormuz Strait issue remains unresolved but expressed hope that an agreement would be reached soon.

According to Gate data, WTI crude oil touched $75 per barrel today, marking the lowest level since July 13, down 4.75% on the day.

According to China Futures Monitoring Center, equity held by offshore traders in China's futures market hit a record high recently, surging approximately 60% from the end of 2025. The market currently offers 37 specific futures contracts to international participants, while qualified foreign

Crude Oil 2609 fell 3.72% intraday on Aug 4, trading at 517 yuan per barrel with trading volume exceeding 13.9 billion yuan. Open interest increased by nearly 200 contracts despite the price decline.

According to Jin10, arrangements for the full reopening of the Strait of Hormuz will be announced tomorrow (August 5).

According to Bloomberg, Singapore benchmark iron ore futures fell 2.3% intraday on August 4, touching $93.65 per ton, marking the lowest level since July 2025. Dalian iron ore contracts declined nearly 3% during the same

According to South Korean brokerages on August 4, S-Oil's target price consensus was raised to 164,412 Korean won, indicating 30.69% upside from today's closing price of 125,800 won. The consensus target price increased 3.4% from end-July (159,000 won), reflecting upward revisions by Hana

Caterpillar raised its 2026 sales and revenue guidance, projecting mid-to-high double-digit growth for the year. The equipment manufacturer noted that some customers are placing orders extending as far as 2030, signaling strong demand. Rising copper and gold prices are driving growth in mining equip

According to market sources, on August 4, the U.S. is soliciting public comments on expanding the scope of metal product tariffs. The government proposed tariffs on welding machines, cranes, and related

According to Statistics Canada, the country's trade surplus expanded to CAD 38.6 billion (approximately $27 billion) in June, marking the fourth consecutive month of gains. Imports and exports both grew 0.2% and 0.4% respectively compared to May. Gold exports emerged as the primary driver,

U.S. crude oil import prices rose to $86.06 per barrel in June, up 37.6% compared to June 2025, when prices stood at $62.53 per barrel.

Canadian exports reached 77.49 billion CAD in June, according to official trade data released in early August. The prior month's figure was revised upward to 77.19 billion CAD from the previously reported 77.1 billion CAD.

On Aug 4, U.S. stock index futures rallied, with Dow Jones futures climbing 600 points, or 1.1%, buoyed by stronger-than-expected corporate earnings and signals of a potential U.S.-Iran agreement. Caterpillar shares surged 9% in premarket trading after the industrial

BP's Chief Executive Officer said on August 4 that the company has excessive assets relative to its workforce capacity. The CEO's comments highlight operational challenges as the oil major navigates portfolio management and personnel

U.S. natural gas futures declined 3.00% intraday on Aug 4, currently trading at 2.697 U.S. dollars per million British thermal units (MMBtu).

WTI crude oil declined 4.0% intraday to $77.02 per barrel on August 4, while Brent crude fell 3.5% to $80.84 per barrel.

According to Jin10, Federal Reserve official Paulson stated on August 4 that energy price volatility can be temporarily disregarded based on current data.