Commodities (Crude Oil & Copper) & Macro Outlook

On September 14, Brent crude's prompt spread—the price gap between immediate and one-month forward delivery—widened to $5.58 per barrel, its largest since July 23, signaling mounting supply concerns. November Brent futures surged to $109.80/barrel before settling around $105.30/barrel, while

Major economic data and policy events are scheduled for release on September 16, 2026, with market participants closely monitoring key announcements. The U.S. will release retail sales data for August at 20:30 UTC, along with API and EIA crude oil inventory reports. The Federal Reserve's FOMC

According to U.S. Energy Secretary Pete Wright, the reopening of a pipeline is expected to be completed within days. Wright did not provide additional details regarding the specific pipeline or current operational

According to Reuters, sources said the premium for Russian Urals crude at Indian ports has recently risen to $8 per barrel relative to Brent crude due to strong demand.

On Sept 15, European close, ICE UK Natural Gas futures declined 3.19% to 198.650 pence/therm, while TTF benchmark Dutch Natural Gas futures fell 2.09% to 80.281 euros/MWh. EU emissions trading allowances (ETS futures) also dropped 2.89% to 84.92

Fonterra's Global Dairy Trade (GDT) auction price index declined 1.1% on September 15. Milk powder contracts averaged $3,868 per ton on a free-alongside-ship (FAS) basis, while the wholesale milk powder price index fell 0.8% to $3,563 per ton.

According to Pyth Network, the protocol officially launched six constant maturity futures indices today, including WTI, Brent, and Henry Hub. The new indices feature no roll schedule or roll date, streamlining the trading process for participants seeking to hedge or speculate in energy

Ethylene glycol futures surged approximately 4.5% in overnight trading on September 15, leading gains across commodity markets. Polyester chips and short-fiber polyester rallied over 3%, while fuel oil climbed more than 1.5% and rebar gained about 0.6%. Iron ore, rubber, and 20-gauge rubber

According to Reuters, on September 15, Saudi Arabia's Yanbu port on the Red Sea halted oil loading operations following attacks by Houthi militants that led the world's largest crude exporter to close its east-west pipeline for several days. Shipping sources confirmed the suspension on Tuesday. Saud

At 14:30–14:45 (UTC) on September 15, 2026, BTC plunged 0.57% within 15 min, trading in a range of 75,693.8–76,342.2 USDT, with an amplitude of 0.85%. Over the preceding 24 hours, BTC retreated from a high of $79,593 to $75,896, posting a decline of 3.24% and briefly touching a low of $75,601 as market volatility intensified significantly. The primary driver of this move was the escalation of the US–Iran conflict, which sent oil prices surging and reinforced expectations of an Interest Rate hike

From 14:00 to 15:00 (UTC) on September 15, 2026, BTC’s 15-minute candlestick closed down 0.27%, with the price ranging from 76328.3 to 76687.5 USDT and an Ampl of 0.47%. BTC fell from its 24-hour high of $79,993 to around $75,896, with the 24-hour decline reaching 3.24% and the intraday low briefly touching $75,601. The intensified volatility has drawn significant market attention, while sentiment toward risk assets has cooled noticeably. The primary drivers of this move were rising expectations

According to overnight futures reports on September 15, the London Metal Exchange reported week-over-week declines across key positions as of September 11: copper net longs fell to 40,600 contracts (down 5,235), aluminum net longs to 147,600 (down 2,480), and zinc net longs to 59,100 (down 3,519).

According to Jin10, Libya's National Oil Company stated on Tuesday, Sept 15, that security forces closed a valve on the Hamada-Zawiya main crude export pipeline, forcing the Hamada and Taharah oil fields, plus one pump station, to suspend operations. The company warned it may declare force

Brent crude oil gained 2% intraday today, trading at $105.21 per barrel.

According to Guru Club, WTI crude oil surged 3% on September 15, trading at $104.44 per barrel intraday.

WTI crude oil rose 2.00% intraday to $99.97 per barrel, while Brent crude advanced 1.5% to $104.68 per barrel on September 15.

Low sulphur fuel oil futures for December 2026 (LSF2611) rallied intraday, with prices gaining 1.92% to reach 5,732 yuan per ton. Trading volume showed strong momentum, with turnover reaching approximately 2.915 billion yuan and open interest increasing by roughly 3,400 contracts during the

WTI crude oil broke above $104 per barrel today, with intraday gains exceeding 2.3%.

According to India's Ministry of Commerce, the country's imports of petroleum, crude oil, and related products totaled $16.69 billion in August 2026.

According to PANews, U.S. Treasury Secretary Beasent stated on September 15 that real wage growth is outpacing inflation, employment is rising, and a new industrial super cycle is underway. Beasent also commented that oil price increases are a primary factor in the elevated 10-year Treasury