Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration, crude oil inventories for the week ending September 4 declined 391,000 barrels, falling short of the expected decline of 1.554 million barrels. The previous week saw inventories drop by 4.45 million barrels.

According to the Energy Information Administration (EIA), U.S. reformulated gasoline inventories increased by 0.5 million barrels for the week ending September 4, compared to a decline of 0.8 million barrels in the prior week.

According to EIA data released for the week ending September 4, U.S. gasoline inventories rose to 12.69 million barrels, beating market expectations of a 137.3 million barrel decline. The prior week saw inventories fall by 117.3 million barrels.

According to EIA, U.S. gasoline production fell 537,000 barrels per day in the week ending September 4, compared to a gain of 73,000 barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), U.S. heating oil inventories rose 10,000 barrels for the week ending September 4, reversing the previous week's decline of 33,000 barrels.

U.S. crude oil production fell to 900,000 barrels per day for the week ended September 4, down from 1.03 million barrels per day in the prior week, according to the Energy Information Administration (EIA).

According to EIA, U.S. refinery crude oil inventory increased to 208.7 million barrels for the week ended September 4, exceeding expectations of a 720,000-barrel decline and compared to a 796,000-barrel increase in the prior week.

According to EIA data, U.S. refined oil imports reached 237,000 barrels per day for the week ending September 4, rebounding from negative 595,000 bpd in the prior week.

According to Gate data, Brent crude oil (XBRUSD) surged above $108 per barrel to $108.01 today, up 5.5% in the past 24 hours.

According to Guru Club, Shanghai crude oil futures rose 6% intraday on September 10, trading at 814.60 yuan.

The U.S. Energy Information Administration will release crude oil inventory, Cushing crude oil inventory, and strategic petroleum reserves inventory data for the week ended September 4 in approximately ten

According to Guru Club, Brent crude oil broke through $106 per barrel today, rising 4.73% intraday.

The US Department of Labor released August Producer Price Index (PPI) data on September 10 (local time), showing a 0.4% month-over-month increase on a seasonally adjusted basis. This represents an acceleration from June's 0.1% decline and July's 0.1% increase. The August figure matched market

As of market close on September 10, China's domestic futures main contracts closed broadly higher. Fuel oil and low-sulfur fuel oil surged over 3%, glass rose more than 2%, and asphalt, benzene, soybean meal, soybean 2, and plastic each gained over 1%. Decliners included iron ore and 20-grade

Bitcoin fell for the fourth consecutive trading day on September 10, declining 2.1% to touch $76,663.54 during New York morning trading. Rising Middle East tensions pushed international oil prices above $105 per barrel this week, while August's Producer Price Index (PPI) data—showing 0.4% monthly

According to ICE data, raw sugar futures reached 18.73 cents per pound on September 10 at 6:25 PM Beijing time, marking a 17-month high and gaining 1.79% intraday. The surge was driven by strong Indian import demand and delays in Brazil's sugar crushing operations. Since India opened its import

HSBC raised its Brent crude price forecast for 2026 from $80 to $90 per barrel as the Strait of Hormuz crisis continues without resolution. The bank's senior oil analyst Kim Fustier stated that global oil markets are unlikely to balance again until mid-2027, a timeline indicating months of tight

According to Jin10, citing executives and traders at a Singapore conference, oil exports through the Strait of Hormuz are recovering slowly at 1 million barrels daily, down from 4 million pre-war, as tanker shortages limit throughput and fuel prices surge. Saudi Aramco exports

Goldman Sachs raised its forecast for Dutch TTF natural gas prices in the fourth quarter of 2026 to 70 euros per megawatt-hour, according to the bank's latest market outlook.