Commodities (Crude Oil & Copper) & Macro Outlook

According to Yonhapinfomax, investor Michael Burry, known as the real-life protagonist of the film 'The Big Short,' recently recommended short-selling the U.S. dollar and investing in premium Bordeaux wine on his blog. Burry warned that artificial intelligence and quantum computing will threaten

The Philippine Department of Energy (DOE) certified that Dubai crude oil prices averaged $99.41 per barrel from August 13 to September 11, exceeding the $80-per-barrel threshold under Republic Act No. 12316 and triggering consideration of fuel excise tax relief. The DOE transmitted its

According to CME FedWatch data, the Federal Reserve will decide interest rates on September 17, 8am KST (September 16, 2pm ET) following an FOMC meeting. Market participants currently price in a 93.6% probability of a rate hike, as the decision comes amid rising crude oil prices driven by Middle

According to FAO official Oleg Kobyakov, shipping disruptions in the Strait of Hormuz are projected to reduce global grain production and supply from the second half of 2026 through 2027. The disruptions will drive grain prices higher and disrupt fertilizer supply chains, particularly for urea

Gold prices declined over 1% to approximately $4,355.85 per ounce, recording an intraday low of $4,323.78 on September 10, as oil prices increased due to Middle East supply disruptions. The decline stems from rising inflation concerns that could prompt the Federal Reserve to maintain tighter

According to Crypto Briefing, spot gold prices fell over 1% to around $4,355.85 per ounce on September 10, with an intraday low of $4,323.78, amid rising oil prices triggered by Middle East supply disruptions. The decline reflects growing inflationary concerns that could prompt the Federal Reserve t

According to Jin10 Futures, crude oil prices surged yesterday before retreating as U.S. President Trump's reassurances about Russia-Ukraine ceasefire on energy infrastructure and potential Iran talks sparked a selloff. Prices recovered subsequently, ending the session moderately higher. The market r

According to Jin10, India's central bank announced on September 15 it will withdraw 1 trillion rupees (approximately 12 billion USD) from the banking system through sovereign bond sales. Following the announcement, the five-year bond yield climbed 13 basis points while the benchmark 10-year yield ro

According to Jin10, Malaysia's BMD benchmark November crude palm oil futures rose 22 ringgit (0.45%) to 4,872 ringgit per metric ton in early trade on September 15, supported by strengthening international crude oil prices. The gains followed supply disruption concerns linked to Saudi Arabia's

According to U.S. Energy Secretary Chris Wright, Saudi Arabia's east-west pipeline halted after a drone attack on Sept. 14. The line can transport up to 7 million barrels daily and currently carries 4 million barrels to Red Sea ports, representing approximately 4% of global supply. The pipeline

According to Japan's Economy Minister Akira Akasawa, the country does not need to release oil reserves in October.

According to Guru Club, on September 15, Nickel Industries suspended capacity ramp-up at its Excelsior nickel-cobalt plant in Indonesia's Sulawesi region, operating at 30% of nameplate capacity due to water supply restrictions caused by El Niño-induced drought. The Sydney-listed company said the pla

US stock futures traded mixed in the overnight session late Monday ahead of the Federal Reserve's September policy meeting, with markets pricing in a 92.4% chance of a quarter-percentage point rate hike according to CME FedWatch tool data. The mixed sentiment followed Monday's benchmark index

According to China's National Bureau of Statistics spokesperson Wang Guanhua on September 15, international commodity prices face uncertainty in the near term, and external inflationary pressures warrant continued monitoring. However, Wang noted that China's complete industrial system, resilient

According to the National Bureau of Statistics, three factors are driving faster import growth in China this year, said Liu Lingfei, spokesperson and chief economist at the bureau's press conference on September 15. First, global industrial and technological innovation requires increased imports of

According to Kpler, on Tuesday, data showed that 4 bulk carrier vessels transited through the Strait of Hormuz on Monday, down sharply from 10 ships recorded the previous day.

According to Jin10, Australia's Energy Minister Chris Bowen announced on September 15 that he will visit Saudi Arabia next week to meet with the Saudi energy minister amid Middle East conflict escalation concerns over global energy supply disruptions. Australia imported only 84% of its petroleum

Japanese stocks opened lower on September 15, with the Nikkei 225 index falling 60.86 points (0.10%) to 63,432.13 at 9:16 AM, while the TOPIX index declined 11.96 points (0.29%) to 4,046.25, according to Yonhap Infomax World Stock Index. The decline followed overnight losses in US semiconductor stoc

WTI crude oil futures reached $103 per barrel today, up 1.09% intraday.