Commodities (Crude Oil & Copper) & Macro Outlook

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.

Goldman Sachs raised its fourth-quarter 2026 TTF natural gas price forecast to 70 euros per megawatt-hour.

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.