Commodities (Crude Oil & Copper) & Macro Outlook

According to NYMEX data, U.S. heating oil futures broke through $5 per gallon on September 9, marking the first time since 2022 that the contract has reached this price level.

According to an EIA report, U.S. natural gas inventory totaled 32.54 trillion cubic feet for the week ended September 4, up 4 billion cubic feet from the prior week and down 7.9 billion cubic feet year-over-year, representing a 2.4% decline from the same period last year.

According to the EIA, U.S. natural gas inventories increased by 400 billion cubic feet in the week of September 4, up from 300 billion cubic feet in the prior week.

According to EIA data, U.S. natural gas inventories reached 40 billion cubic feet in the week ending September 4, surpassing expectations of 31 billion cubic feet and up from 30 billion cubic feet in the prior week.

US stocks opened lower on September 10 as the three major indices declined while investors digested the August Producer Price Index report. As of 9:53 AM local time at the New York Stock Exchange, the Dow Jones Industrial Average fell 224.24

U.S. producer prices jumped to 5.4% annually in August as the European Central Bank raised rates 25 basis points to 2.5% on Thursday. The monthly Producer Price Index increase of 0.4% was driven primarily by a 4.2% jump in producer energy prices, reinforcing concerns that inflation pressures are int

According to CNBC, prediction market platform Kalshi has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch gold and silver perpetual contracts. This marks the first non-cryptocurrency perpetual product approved by the regulator. Kalshi initially won CFTC approval

Copper stocks fell sharply at the open on September 10 amid uncertainty over U.S. tariff policy. Ero Copper declined approximately 8%, Freeport-McMoRan dropped 7.7%, Lundin Mining ADR fell 7.6%, Southern Copper Corporation slid 6.7%, while copper-focused

According to Jin10, as of 21:20 on September 10, commodity options showed significant gains. Glass 2610 call options (strike 950) surged 625.0% to 14.5 yuan/ton, while crude oil 2610 call options (strike 820) gained 621.74% to 8.3 yuan/barrel. Other notable movers included PTA 2610 call options (st

Low Sulfur Fuel Oil (LU) futures contract rose 4.00% to 5,459 yuan per ton during today's trading session.

According to Barclays analyst Lydia Rainford on September 10, Saudi Aramco's operating cash flow is projected to grow approximately 30% by 2030. The oil giant expects natural gas business development to contribute $12–15 billion in incremental cash flow during the period. Downstream business

China's domestic futures market opened for evening trading on September 10 with mixed performance. Energy and chemical products led gains: SC crude oil surged over 6%, benzene climbed nearly 5%, and styrene (EB) and fuel oil advanced over 4%. On the decline side, spot silver fell over 5%, copper and

According to sources, Qatar Energy is negotiating long-term liquefied natural gas supply agreements with U.S. suppliers on September 10, as war disruptions have severely weakened its ability to meet customer demand. The company aims to secure supplies from existing and planned export projects. Qatar

Silver fell to $65.27 per ounce on Sept. 10, breaking below the $66 support level that buyers had defended days earlier. The decline occurred as oil prices remained above $100, Treasury yields rose, and investors questioned whether the Federal Reserve may need to tighten policy again. The

On September 10, 2026, from 12:30 to 12:45 UTC, BTC plunged 0.87% within 15 minutes, with its price retreating from 77,961.7 USDT to 77,057.4 USDT. The amplitude was 1.16%, while the 24-hour Fall % was approximately 3.06%. The market was gripped by strong wait-and-see sentiment ahead of the PPI data release, with trading volume at only 139 BTC, indicating that the decline was mainly driven by selling pressure rather than panic selling. The main driver of this volatility was the sharp escalation

According to Gate data, Brent crude oil (XBRUSD) is trading at $106.01 per barrel as of today, up 4.0% in the past 24 hours.

According to Jin10, NABEP (North American Blue Energy Partners), a Venezuelan oil driller backed by the Trump administration, plans to more than double its daily crude oil production from approximately 200,000 barrels to 500,000 barrels by end-2028. The company has secured 100-year extraction

According to OPEC's monthly report, the organization's crude oil production in August averaged 24.08 million barrels per day, up 350,000 barrels per day from July's revised figure of 23.73 million barrels per day. China's oil product net imports increased by 1.93 million barrels per day to 9.24 mil

According to OPEC's latest monthly report, the organization forecasts global crude oil demand at 105.84 million barrels per day in 2026 and 108.19 million barrels per day in 2027.

According to OPEC's September 2026 monthly report, the organization raised its 2027 crude oil demand forecast to 43.9 million barrels per day, approximately 1.6 million barrels per day higher than its 2026