Commodities (Crude Oil & Copper) & Macro Outlook

According to Trump's Truth Social post on August 3, the U.S. president warned oil companies to lower consumer gas prices immediately. Trump criticized Chevron CEO Mike Wirth for omitting the Trump administration's role in the energy sector's success, citing the company's expansion after U.S.

According to Kazakhstan's Energy Ministry and Bloomberg ship-tracking data, four tankers have resumed loading at the Caspian Pipeline Consortium (CPC) terminal since Aug 1, following recent attacks that disrupted shipping in the region. The ministry reports daily crude oil deliveries of

According to sources, President Trump is expected to attend a mining executive roundtable at the State Department on Friday.

From 12:00 to 16:00 (UTC) on August 3, 2026, BTC’s return rate during this period was -0.01%, with a price range of 62,447.1 to 62,612.5 USDT and an Ampl of 0.26%. Although the Order Book shows the bid depth ratio is 3.35 (bids are significantly dominant), the 24-hour cumulative Filled Amount delta is slightly negative, indicating that bears are still actively selling, and market sentiment remains cautious. The main driver behind this move is a temporary cooling of the US–Iran conflict. Trump pa

According to Yonhapinfomax, U.S. Treasury yields fell on Aug 3 (ET) as easing geopolitical tensions and declining crude oil prices reduced inflation expectations. The 10-year yield dropped 5.60 basis points to 4.688%, while the 30-year yield fell 4.90 basis points to 5.226%. WTI crude futures fell o

According to Jin10, today (August 3) the U.S. will release June trade balance data at 20:30 ET, followed by June JOLTS job openings, job offers, and factory orders month-over-month at 22:00 ET. Additionally, the API crude oil inventory report for the week ending July 31 will be updated on August 4 a

According to shipping data, Venezuela's oil exports to India fell to approximately 178,000 barrels per day in July.

According to shipping data, Venezuelan oil exports declined slightly to 1.16 million barrels per day in July. Exports to the United States increased to approximately 786,000 barrels per day, while exports to Europe fell to around 82,200 barrels per day.

According to Iraq's State Organization for Marketing of Oil (SOMO), the country exported 35.5 million barrels of crude oil from southern ports and 7 million barrels from the Ceyhan terminal during July.

According to Bloomberg tanker tracking data, Saudi Arabia's oil exports declined to 4.19 million barrels per day (bpd) in July, down 0.46 million bpd from June. When accounting for cargo stranded in the Persian Gulf, the actual reduction amounted to approximately 0.23 million bpd. The decline

From 2026-08-03 14:00–15:00 UTC, the BTC 15-minute candlestick return was -0.05%. The price ranged from 63,138.9 to 63,443.6 USDT, with an amplitude of 0.48%. Overall, it showed a narrow-range, choppy consolidation. The main driver behind this move was Trump’s announcement to pause military strikes against Iran and launch a new round of talks, leading to a marginal easing of geopolitical tensions. The oil market plunged in response: Brent crude fell 4.64% to $83.85, and WTI dropped 4.74% to $80.

According to EIA data, U.S. strategic crude oil reserves declined by 2.85 million barrels last week, falling to 304.8 million barrels. The level marks the lowest since 1983.

According to sources, Russia's Lukoil Volgograd refinery suspended operations on July 31 following a drone attack.

According to Winward Maritime Analytics, six Saudi Arabian oil tankers are heading toward Cape of Good Hope on August 3, avoiding the Strait of Mandeb and Red Sea routes to mitigate security risks posed by Yemen's Houthi forces against Saudi-affiliated

According to IHS Markit shipping data reported by Guru Club, 200,000 metric tons of copper rushed into the United States in July, marking the largest single-month inflow since records began. The surge reflects traders positioning ahead of potential tariff decisions on refined copper imports by the T

According to Bloomberg, Impala Platinum temporarily suspended mining operations at its Rustenburg complex in South Africa from July 24 to 28 to conduct a comprehensive safety reset following an increase in serious workplace incidents. The operation employs approximately 51,500 workers and accounts f

According to the U.S. Department of Treasury website, the United States has authorized licenses for certain transactions related to Venezuelan state oil company PDVSA's 2020 8.5% bonds effective September 17 or

According to CCTV, Iran's Islamic Revolutionary Guard Corps (IRGC) released footage on August 1 showing two oil tankers that it claimed to have struck while attempting to transit the Strait of Hormuz via undeclared routes. The IRGC had announced the strikes on July 31. Iran attributed the incident t

From 13:00 to 14:00 (UTC) on August 3, 2026, BTC traded within a narrow range of 62,702.6–62,791.2 USDT. The 1-hour candlestick closed up 0.12%, with an amplitude of only 0.14%. Trading was light and market activity subdued; the 12-hour candlestick filled amount was only 260.6 BTC, indicating limited participation. Volatility appears to reflect the transmission of macro sentiment rather than independent narrative-driven catalysts. The primary driver behind this anomaly was that U.S. President Tr

According to IFX, Russia conducted strikes on two dry bulk carriers in the Black Sea today.