Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration (EIA), the agency raised its 2026 Brent crude price forecast to $91 per barrel today, up $4 from its prior estimate of $87. For 2027, the EIA forecasts Brent crude at $74 per barrel, raised $5 from the previous $69 outlook. The agency also

On Wednesday evening (Sept 9), ICE UK natural gas futures jumped 4.99% to 198.230 pence per therm, reaching a high of 201.120 at 22:18 Beijing time. TTF benchmark Dutch natural gas futures rose 1.78% to 79.076 euros per megawatt-hour, peaking at 80.512 euros during the same

The U.S. Energy Information Administration will release its monthly short-term energy outlook in approximately 10 minutes.

According to CNBC, Trump's investment account made 23 energy stock trades over the past six months, generating unrealized gains exceeding $1 million, a report from the Democratic staff of the U.S. Joint Economic Committee (JEC) revealed in August. The account held positions in nine major U.S. energ

According to U.S. CENTCOM, on September 9, the three major U.S. stock indices fell sharply amid escalating U.S.-Iran tensions and concerns over Middle East crude supply disruptions. The Dow Jones Industrial Average dropped 394.02 points (0.75%) to 52,392.05, the S&P 500 fell 28.72 points (0.37%) to

According to U.S. Central Command, the military destroyed 10 Iranian oil tankers today (September 9), with no American naval vessels hit during the operation. Iran's Foreign Ministry responded by stating it would make a resolute response to any U.S. military

According to Bloomberg, Dow Inc. is exploring an exit from Sadara Chemical Co., its joint venture with Saudi Aramco, where Dow holds a 35% stake. The partnership has absorbed more than $20 billion in total investment since its inception. In the fourth quarter of 2025, Sadara's integrated chemical co

As of the 23:00 close on September 9, domestic futures contracts showed mixed movement. Styrene and pure benzene surged over 5%, while fuel oil and propylene rose over 4%, ethylene glycol gained over 3%, and polypropylene and asphalt climbed nearly 3%. On the downside, coking coal fell nearly 2%, co

According to Guru Club, LME three-month copper futures reached a fresh record high of $14,782 per ton on September 9, rising 0.5% intraday.

According to ChainCatcher data, European natural gas futures exceeded 80 euros per megawatt-hour for the first time, marking the highest level since January 2023. Benchmark contracts surged 6.8% to 80.98

Crude oil (Contract 2610) retreated intraday on September 9, trading at 762.7 yuan per barrel, down from the day's high of 769.8 yuan. Gains narrowed to 5.56%. Trading volume exceeded 4.2 billion yuan with net long positions increasing by nearly 500 contracts during the

Oil prices surged past $100 per barrel on the 9th (local time) as military confrontations between the US and Iran escalated into direct attacks on oil transport networks and energy infrastructure. The US Central Command (CENTCOM) struck 5 Iranian oil tankers near Khark Island and in the Gulf of

According to sources, Novorossiysk oil terminal in southern Russia caught fire overnight following an unmanned drone attack.

UK natural gas futures prices broke above 200 pence for the first time since 2022, according to market data.

The U.S. nickel now contains metal worth more than five cents, with Coinflation estimating melt value at 7.48 cents on Sept. 7. Gold advocate Peter Schiff stated this week that the copper and nickel inside each coin were worth 7.76 cents, approximately 55% above face value. The premium stems from co

Dutch natural gas futures broke above €80 on September 9, marking the highest level since 2023. Russian presidential press secretary Dmitry Peskov said on the same day that despite the recent rally, European gas prices have not yet peaked and are expected to reach new highs in the coming

The US dollar declined against the yen as of 7:04 AM ET on the 9th, with the dollar index (DXY) falling to 98.665, down 0.198 points (0.200%) from the prior close at 98.863, according to Yonhap Infomax. The yen extended its rally for a third consecutive trading day, driven by expectations that the

According to Yonhapinfomax, on September 9, the U.S. dollar index fell 0.2% to 98.665 amid continued yen strength. The dollar-yen rate declined 0.41% to 153.34 yen, reflecting growing expectations for a Bank of Japan interest rate hike from 1.0% to 1.25% at its September 17-18 policy meeting. The y

According to Shanghai Zhongyue Futures, PTA2701 contracts rose 2.18% to 6,280 yuan per ton on Sept 9. The rally was underpinned by escalating Middle East tensions, which heighten crude oil supply risks and support production costs. Meanwhile, domestic demand remains under pressure from weak

Central banks including the Bank of England and the European Central Bank are monitoring crack spreads — the difference between crude oil and refined fuel wholesale prices — as a key inflation indicator. The shift follows a global refining shortage that has pushed gasoline and diesel costs sharply h