Commodities (Crude Oil & Copper) & Macro Outlook

U.S. non-seasonally adjusted used vehicle and truck inflation declined to -2.3% year-over-year in August, down from -1.9% in the prior month.

U.S. unadjusted energy inflation reached 16.3% year-on-year in August, up from 14.7% in the previous month, marking a 1.6 percentage point increase.

Brent crude surged above $107 a barrel Thursday, settling at $107.63 and briefly moving above $108 before extending to roughly $109.62 on Sept. 11, driven by escalating disruption around the Strait of Hormuz and the wider U.S.-Iran conflict. The rally was fueled by restricted Gulf crude flows and in

According to Bitcoin News, the CFTC's approval of Kalshi's bitcoin perpetuals as futures products has left traders uncertain about how to report gains to the U.S. Internal Revenue Service. If classified under Section 1256 of the U.S. Tax Code, profits would typically be taxed as 60% long-term

According to Jin10, Houthi forces seized the southwestern port city of Mocha this week under direct guidance from Iran's Revolutionary Guards, according to Yemeni government, Iranian and regional sources. The seizure strengthens the militants' control over the Strait of Mandeb, a critical waterway w

According to shipping data from Jin10 on September 11, Russia's seaborne grain exports fell 61.9% year-on-year in August to 2 million tonnes, primarily due to disruptions in the Azov-Black Sea basin. The disruptions stem from escalating drone attacks between Russia and Ukraine; Russian authorities s

China's National Development and Reform Commission implemented temporary price control measures on September 11, capping increases in domestic gasoline and diesel prices at 260 yuan and 250 yuan per ton respectively, down from standard mechanism adjustments of 435 yuan and 420 yuan. The move comes a

DMIST published an Execution Source Code Standard for derivatives trading. The standard preserves a reliable record of how exchange-traded derivatives transactions are executed from the point of execution through clearing and downstream processing. DMIST and FIA developed the framework with client f

According to EPFR Global data and Bank of America strategists, U.S. equity funds experienced $14.2 billion in outflows over the past three weeks, marking the largest weekly withdrawals since January 2026. Global equity fund inflows fell sharply from $52 billion per week in July to $7 billion,

On Friday (Sept 11), U.S. 10-year Treasury yields approached 4.979%, nearing the closely watched 5% level, amid surging oil prices and mounting inflation concerns. Brent crude futures climbed to $109.97 per barrel, marking a 4-month high with a weekly gain near 13%. According to trading data from th

According to the Shanghai Futures Exchange, effective September 15, 2026 (commencing with the September 14 evening session), the maximum intraday opening position limits for non-broker members, overseas special non-brokerage participants, and customers in fuel oil futures contracts

According to the Shanghai Futures Exchange, effective September 14, the exchange adjusted the daily limit percentage and margin requirements for fuel oil futures FU2610 and FU2611 contracts. The daily limit is set at 16%, while the margin requirement for hedging

According to Shanghai International Energy Exchange (Jin10), effective Sept 15, 2026, daily opening transaction limits for non-brokerage members and clients will change. Crude oil futures contracts SC2610 and SC2611 will be capped at 800 lots per day for opening positions. Low sulfur fuel oil future

According to Ukrainian officials, Ukraine struck the Saratov oil refinery in Russia today. The facility is a key target in the ongoing conflict between the two nations.

According to Yonhapinfomax, Japan's Nikkei 225 index fell 1.93% to 64,011.34 on September 11, with Asian stock markets broadly declining due to rising U.S. Treasury yields, Middle East geopolitical tensions, and surging international oil prices. China's Shanghai Composite dropped 1.18% to 3,888.11,

According to an announcement from Guangzhou Futures Exchange today, the PS2709 polysilicon futures contract will have trading fees of 0.01% of transaction value, with intraday position-closing fees set at 0.025%. Minimum order quantities are 5 contracts for opening positions and 1 contract for closi

According to Jin10, Brent crude fell 4.89% today (September 11), dropping toward $101 per barrel, while WTI crude declined 4.51%, touching $96 per barrel.

According to satellite imagery, smoke appeared near Saudi Arabia's east-west pipeline on Thursday. Saudi Arabia has not made an official statement regarding the incident.

According to Jin10, European natural gas prices surged this week on September 11, with Dutch TTF near-month contracts rising 12% to their highest level since late 2022. EU gas storage stands at 67%, while Germany's inventory is at just 55%, both notably below historical levels for this

According to AAA data, U.S. diesel prices hit a historic high of $6.0556 per gallon on Friday, September 11, with California reaching $7.9827 per gallon. Prices have surged approximately 63% compared to the same period last year, driven by supply disruptions stemming from the Russia-Ukraine and