Commodities (Crude Oil & Copper) & Macro Outlook

WTI crude oil closed above $103 a barrel on Friday, October 23, as escalating attacks on Saudi Arabia and fears of renewed US strikes against Iran pushed energy prices higher. US West Texas Intermediate futures settled at $103.27, gaining $3.80, or 3.8%, while Brent crude closed at $116.72,

From 16:45 to 17:00 (UTC) on October 24, 2026, BTC rose 0.42% over the 15-minute period, trading between 79,866.3 and 80,296.6 USDT, with an amplitude of 0.54%. The market is balancing macroeconomic pressures against a short-term technical recovery, with attention elevated but volatility relatively limited. The main driver of this move was an escalation in Middle East tensions that pushed oil prices higher, reinforcing expectations of rising inflation and persistently elevated interest rates, wh

From 15:45 to 16:00 UTC on October 24, 2026, BTC rose 0.45% over the short term, trading between 79446.5 and 79838.2 USDT, with an Ampl of 0.49%. Although the 15-minute candlestick closed bullish, the current price of $79,843.3 is still down 2.13% over the past 24 hours, and the market remains under pressure overall. The main drivers of this move were a rebound in oil prices and rising geopolitical risks. WTI crude surged nearly 4% overnight, breaking above $103 and reigniting inflation concerns

According to Jin10, Yemen's Houthi movement conducted seven military operations against Saudi Arabia in the past 24 hours on October 25. The operations targeted critical energy infrastructure, including Saudi Aramco facilities in Yanbu and the East-West crude oil pipeline, with direct hits

From 15:15 to 15:30 UTC on October 24, 2026, BTC plunged 0.45% in 15 minutes, trading within a range of $79,241 to $79,769.2, with an amplitude of 0.66%. It is currently at $79,395.3, down 2.68% over 24 hours. Order Book data shows buy volume of 0.2721 and sell volume of 0.1970 across the top five levels, a ratio of 1.38 that is relatively balanced. However, shallow local depth is amplifying short-term volatility. The main driver of this move was a rebound in oil prices, fueling concerns about i

According to Jin10, authorities in Ras Al Khaimah, UAE, closed all beaches in the emirate on Saturday until further notice in response to a sea-based oil tanker leak. On Friday, neighboring Umm Al Quwain and Sharjah also closed their beaches due to the same incident. The UAE's Ministry of Climate

According to Libya's National Oil Corporation, the Hamada and Tahara pipelines reopened on Friday (October 24).

According to SKKMikas, Indonesia's upstream oil and gas regulator, the country reduced piped natural gas exports to Singapore by 3,100 million standard cubic feet daily as of Saturday, October 24. The reduction, equivalent to approximately 9% of current export volumes, will be redirected to

According to the Wall Street Journal, Iraq closed the Sheeb border crossing on Wednesday, while Pakistan blocked Iranian trucks at the Gabd and Taftan border points over the weekend. The Sheeb crossing connects the countries' largest oil-producing provinces; the Pakistani border points serve as

According to Reuters, Brent crude futures settled at $116.72 a barrel on Friday 23 October, up $3.55 or 3.14 percent, the highest settlement since 29 April. WTI closed at $103.27, up $3.80 or 3.8 percent. The week saw Brent rise about 6 percent and WTI climb 2.3 percent. Houthi attacks across

Iran's military chief of staff Ali Abdollahi warned on the 24th that Iranian forces will not permit US warships to enter the Persian Gulf under any circumstances, according to statements to IRGC-affiliated Tasnim News Agency reported by Iran International. The warning follows US President Donald

According to Iran International, Iran's military chief of staff Ali Abdollahi issued a stern warning on Oct 24, stating the Iranian armed forces would not permit U.S. warships to enter the Persian Gulf under any circumstances. He claimed Iranian forces have neutralized the U.S. Navy and prevented

South Korean stocks posted a 2.08% weekly decline ending Oct. 23, despite the Kospi closing 0.30% higher at 5,550.30 on the final trading day. Middle East military tensions between the US and Iran drove international oil prices sharply higher, with Brent crude topping $117 intraday, and pressured

According to Jin10, attacks on merchant vessels in the Strait of Hormuz reached a record 28 confirmed incidents in October, according to data compiled by a Washington-based think tank tracking global maritime security. Senior researcher Norm Rouledan stated, "October recorded the highest number of s

According to Guru Club, US natural gas on the over-the-counter market fell below $3.1 on October 24, down 2.3% intraday.

According to Guru Club, Brent crude oil broke through $111 in off-market trading on October 24, with intraday gains exceeding 2.1%.

From 0:00 to 1:00 UTC on October 24, 2026, BTC plunged 0.30%, retreating to the 80,947.8–81,212.1 USDT range, with a 0.33% amplitude, as market risk appetite fell sharply. The main driver of this move was the escalation of the Middle East conflict. Attacks on shipping in the Strait of Hormuz hit a period high, with Iran claiming that seven tankers were damaged or caught fire, sharply raising risks to energy transportation. Meanwhile, concerns that the US-Iran conflict could escalate further drov

Iran warned it could expand retaliation to civilian infrastructure in neighboring Gulf states, including airports and oil pipelines, if US and Israeli airstrikes resume. The Wall Street Journal reported on Oct. 23 that Iran conveyed the position through public statements and private diplomatic

According to WSJ citing sources, the Trump administration plans to cancel 50% tariffs on certain Canadian agricultural and forestry products, with a possible announcement as early as Friday (Oct 25). The administration may simultaneously raise tariffs on other Canadian goods to offset the