Commodities (Crude Oil & Copper) & Macro Outlook

Canada's TSX Composite Index declined 0.4% at Toronto market open on Tuesday, as investors showed muted response to Prime Minister Mark Kearney's expanded corporate tax write-off initiative. The energy sector was the sole gainer, supported by rising oil prices. As of 9:53 a.m. ET, the index

According to Gate data, Brent crude oil (XBRUSD) rebounded to $108.42 per barrel as of today, recording a 1.1% decline over the past 24 hours.

Poland's state-controlled energy giant Orlen lost $230 million in a failed Venezuelan oil trade executed in late 2023 that relied heavily on Tether USDT payments, according to a Financial Times report published Tuesday. Orlen Trading Switzerland paid the advance on Dec. 4, 2023, to Dubai-based

According to Financial Times, Tether USDT was used as payment in a failed Venezuelan oil trade that cost Poland's largest energy giant Orlen $230 million in advance payments in late 2023. Orlen wired the $230 million largely in USDT to Dubai-based Hannon International Middle East in December 2023 to

According to Cryptopolitan, on-chain tokenized real-world assets (RWA) have reached $386 billion with holders across 4.24 million addresses. U.S. Treasury securities dominate the market at $159 billion, followed by commodities at $49 billion and active strategies at $36 billion. Ethereum leads by

According to market data, U.S. stock indices opened lower on September 15, with the 10-year Treasury yield hitting a 19-year high of 4.99%, pressuring investor risk appetite. As of 9 p.m. Taipei time, the Dow Jones Industrial Average fell 0.36% to 52,231.88 points, the Nasdaq Composite

According to Reuters, citing three trade sources, Saudi Arabia has canceled crude oil shipments scheduled for September delivery to some European refineries following the closure of its east-west pipeline.

According to Libya's National Oil Corporation, three oil fields suspended production and operations on Tuesday after a small group from the state oil company's security force shut down valves on the Hamada-Zawiya

Kazakhstan will conduct maintenance at the Karachaganak oil and gas field from September 7 to October 1, with production expected to decline by approximately 400,000-450,000 metric tons during the maintenance period, according to official

According to Guru Club, Chinese commodity futures opened mixed overnight on September 15. Ethylene glycol rose 1.51%, Shanghai silver gained 0.87%, copper climbed 0.47%, and aluminum added 0.33%. On the downside, crude oil fell over 2%, fuel oil dropped 1.83%, coking coal declined 1.73%, and glass l

According to Guru Club, ethylene glycol continuous main contract rose 2% to 6,080 yuan on September 15.

According to Odaily, WTI and Brent crude fell nearly $1 in intraday trading, now trading at $97.63 and $102.11 per barrel respectively, based on Gate data.

The UK energy secretary expressed no concern over the impact of Houthi attacks on the country's energy supply, according to the official statement.

Canada's wholesale sales declined 0.3% month-over-month in July, compared to growth of 2.8% in the prior month, according to Statistics Canada data. The slowdown marks a significant deceleration in the sector's monthly

As of 20:30 Beijing Time on September 15, New York COMEX futures showed mixed movement. Gold futures fell 0.52%, while silver futures rose 0.01% and copper futures gained 0.12%.

As of 20:30 Beijing time on September 15, WTI crude oil futures rose 1.09%, while U.S. natural gas futures advanced 0.86%.

According to Reuters, the Abu Dhabi National Oil Company (ADNOC) has agreed to purchase 72 million barrels of discounted Iraqi crude oil in a tender bid conducted during August and September.

According to Guru Club, the Baltic Dry Index fell 2.47% to 3,360 points on September 15.

According to Brazil's National Supply Company (CONAB), the country raised its 2025/26 corn output forecast to 144 million metric tons today (September 15), up from the prior estimate of 142.96 million metric tons.

The scenario of the 10-year U.S. Treasury yield breaking above 5% is pushing global risk assets toward a new round of repricing tests. On Sept. 14 U.S. Eastern Time, the 10-year U.S. Treasury yield rose as high as 5.0266% intraday, its highest level since 2007. This key Interest Rate, known as the “anchor of global asset pricing,” broke through on the eve of the FED’s rate-setting meeting, and market focus quickly shifted from “whether the yield will reach 5%” to “what breaking above 5% means.”