Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, as of Sept 14, antimony prices surged to 105,100 yuan/ton, climbing 18.11% since early August. Germanium ingots (50 ohm-cm grade) traded at 19,200 yuan/kilogram, up 11.63% over the same period. Bismuth and tantalum also posted gains in recent

The USD-KRW 1-month NDF closed at 1,347.70 won (MID) in May 15 night trading, according to overseas brokers reporting to Yonhap Infomax. The rate represented a 0.85 won increase from the May 14 Seoul spot market close of 1,347.30 won after adjusting for the recent 1-month swap point of -0.45 won,

The USD-KRW exchange rate touched 1,350 won on September 15 for the first time in six trading days amid heightened inflation concerns, then reduced gains to close in the mid-1,340 won range. At 6am on September 15 in the forex market, the USD-KRW rate traded at 1,346.20 won, down 1.10 won from the p

South Korean construction companies recorded overseas orders of $14.77 billion in the first 8 months, a 60% decline compared to the same period last year, marking the lowest level since 2019. The decline occurred despite oil prices surpassing $100 per barrel, exceeding Middle Eastern oil-producing n

According to Yonhapinfomax, the dollar-won exchange rate touched 1,350 KRW for the first time in six trading days on September 14, driven by rising inflation concerns, before settling in the mid-1,340s KRW range. The USD-KRW closed at 1,346.20 KRW as of 6 a.m. on September 15, down 1.10 KRW from the

According to the Korea Overseas Construction Association, domestic construction firms' overseas construction contracts totaled $14.77 billion in the first eight months of 2026, representing a 60% year-over-year decline and marking the lowest cumulative volume since 2019. Middle East contracts, a tra

New York financial markets on May 14 (US Eastern Time) declined following news that Saudi Arabia's critical East-West pipeline ceased operations and leading artificial intelligence company executives urged slower AI development. The Dow Jones Industrial Average fell 0.29% to 52,421.20, the S&P 500 d

According to Reuters, a planned meeting between Iran and Gulf Arab states on maritime safety in the Strait of Hormuz was postponed on September 14 at Saudi Arabia's request. Oman's Foreign Minister Badr announced on September 13 that the conference scheduled in the southern city of Salalah would be

According to Yonhapinfomax, the National Pension Service appointed Lee Gyuhong as the new head of its asset management division (CIO) on September 14, with his term beginning September 15. Lee will oversee funds totaling 1,865.6 trillion won, marking a more than 100-fold increase from his previous r

According to Bank of America's Chief Investment Strategist Michael Hartnett, markets are facing three converging pressures that could trigger autumn stagflation: record-high diesel prices at $6 per gallon, 30-year Treasury yields at their highest since 2007, and productivity concerns despite

According to sources, Saudi Arabia is seeking to increase crude oil exports through the Strait of Hormuz further, with outflows already raised above August levels in the first 10 days of September. The country plans to increase supply further going

The US dollar strengthened for a third consecutive trading session, with the dollar index rising 0.377% to 99.490 as of 4 PM Eastern Time on the 14th. The currency gained support from rising international oil prices driven by Middle East instability, specifically Saudi Arabia's shutdown of its

The US dollar strengthened for a third consecutive trading day on May 14, driven by Middle East tensions and surging oil prices following Saudi Arabia's pipeline shutdown. Dollar-Yen rose 0.435% to 154.357 yen, while the Dollar Index climbed 0.377% to 99.490, though gains moderated after President T

According to Yonhapinfomax, the U.S. dollar rose for a third consecutive day on September 14 (U.S. Eastern Time), climbing 0.668 yen (0.435%) to 154.357 yen against the Japanese yen. The dollar index tracking the currency against six major peers gained 0.374 points (0.377%) to 99.490. Oil prices

According to Guru Club, WTI crude oil broke through $102 per barrel on September 15, up 0.54% intraday.

According to Yonhapinfomax, on September 14, U.S. 10-year Treasury yields briefly surged to 5.0140% during intraday trading in New York before retreating to 4.96% by 3 p.m. ET. The spike was driven by rising oil prices following the closure of Saudi Arabia's east-west pipeline. President Trump

On Tuesday, WTI crude oil futures opened 0.7% higher in early Asia-Pacific trading. According to Iran's Revolutionary Guards, an oil tanker struck a mine while attempting to transit the strait. Iran denied holding any dialogue with the United

Guyana's government has raised its forecast for 2026 petroleum sales and licensing revenue to $6.5 billion, more than double its previous estimate of $2.7 billion.

According to London Baltic Exchange data, tanker rental costs for the industry benchmark route have surged to over $1 million per day for the first time, driven by insufficient available tankers willing to transit the Strait of Hormuz amid escalating tensions. U.S. Energy Secretary Wright reported t

International oil prices rebounded on September 14 as concerns over supply disruptions intensified following Saudi Arabia's closure of its east-west pipeline. West Texas Intermediate (WTI) crude for October delivery rose $1.34 (1.34%) to close at $101.39 per barrel on the New York Mercantile