Commodities (Crude Oil & Copper) & Macro Outlook

Korean chemical stocks surged on the previous trading day as escalating US-Iran naval conflict drove oil prices toward $100 per barrel. Lotte Chemical closed up 18.12% at 67,800 won, Daehanyuhwa rose 13.59% to 110,300 won, and LG Chem gained 5.56% to 285,000 won. The rally followed the US Central

Brent crude oil rose 4.0% intraday, trading at $101.85 per barrel on September 9.

Brazil's Planning and Budget Minister announced that the government will evaluate by the end of September whether to cancel or extend the diesel subsidy of 1.12 reais per liter.

Brazil's Minister of Planning and Budget announced that two diesel subsidies will be implemented by the end of September. The subsidies will stack, combining a 1.00 real per liter reduction with an existing 1.12 real per liter

According to Yonhapinfomax, on September 9, President Trump predicted that the Iran war will end after the November midterm elections and confirmed the U.S. military destroyed nine Iranian oil tankers. Trump stated that Iran faces a deteriorating situation with 300% inflation, and the U.S.

International oil prices surged past $100 per barrel on September 8 as military tensions escalated between the United States and Iran over the Hormuz Strait, alongside intensifying clashes between Saudi Arabia and Houthi rebels in Yemen. Brent crude futures for November delivery closed at $97.92 per

US stocks declined on a specific date as three major indices fell simultaneously for the third consecutive trading session. The Dow Jones Industrial Average dropped 405.4 points (0.77%) to close at 52380.66, while the S&P 500 declined 37.16 points (0.48%) to 7636.36 and the Nasdaq fell 168.07 points

According to CNBC, Brent crude for November delivery rose 0.95% to $97.92 per barrel on September 8 (local time), marking the highest level since July 24. West Texas Intermediate (WTI) for October delivery climbed 1.69% to $93.03 per barrel on the New York Mercantile Exchange. The rally was

According to the American Petroleum Institute (API), U.S. crude oil inventory at Cushing declined 3.31 million barrels for the week ended September 4, compared with a build of 1.5 million barrels in the prior week.

U.S. crude product imports for the week ending September 4 totaled negative 5.9 thousand barrels per day, according to the American Petroleum Institute (API) weekly report. This represents an improvement from the prior week's negative 22.6 thousand barrels per day.

US heating oil inventories increased by 405,000 barrels in the week ended September 4, compared with a decrease of 350,000 barrels in the prior week.

U.S. API gasoline inventories fell 1.867 million barrels for the week ending September 4, exceeding the forecast decline of 1.758 million barrels. The prior week had seen an increase of 348,000 barrels.

U.S. crude oil imports rose to 406,000 barrels in the week ending September 4, up from 242,000 barrels the previous week, according to weekly API data.

According to API data, U.S. crude oil inventories fell 327,000 barrels for the week ended September 4, falling short of expectations for a 1.336 million barrel decline, compared to a 2.593 million barrel drop the prior week.

According to the American Petroleum Institute (API), U.S. crude oil inventories declined 300,000 barrels last week.

On Wednesday, September 9, U.S. small-cap and real estate ETFs declined sharply, with the Russell 2000 Index ETF falling 1.37% and the American Real Estate ETF dropping 1.03%. Meanwhile, gold ETF rose 0.91%, and the U.S. Brent crude oil ETF

US mortgage rates approached 7% in early September as Treasury yields climbed amid inflation concerns and rising oil prices. The average 30-year fixed mortgage rose to 6.85% in the week ended Sept. 4, its highest level since June, according to Reuters, while Freddie Mac reported 6.71% for the week e

The American Petroleum Institute (API) will release its weekly crude oil inventory report at 04:30 Beijing time. Non-API members can access the data starting around 04:32.

According to sources, the board controlled by Venezuela's opposition will halt its regulatory oversight of U.S. oil refiner Citgo Petroleum as early as September.

U.S. Secretary of State Marco Rubio declared the United States aims to economically "choke" Iran, stating that attacks targeting Iranian oil tankers will continue. The statement signals an intensified approach to U.S. economic pressure on Iran and underscores the administration's commitment to a