Commodities (Crude Oil & Copper) & Macro Outlook

Brian Kelly created Bracket22, a trading firm powered entirely by agentic artificial intelligence, after closing his cryptocurrency hedge fund in early 2025. Kelly reduced his annual labor-related costs from approximately $5 million to between $30,000 and $40,000 by replacing his seven to eight

According to Iran's semi-official Mehr News Agency, multiple explosions were heard at Kharg Island, a major Iranian crude oil export facility, on September 8 (local time). The agency reported that the sounds came from the anchorage area but stated no official information about the source, cause, or

According to Politico, citing sources, U.S. Commerce Secretary Lutnick is set to meet with Mexican President Sheinbaum and Economy Minister Ebrard on Wednesday (Sept. 9) to discuss U.S. tariffs on Mexican autos and

According to eDaily, Brent crude breached $99 per barrel during intraday trading on September 8, marking its highest level since July, as geopolitical tensions escalated in the Middle East. The futures market closed at $97.92, up 0.9%, then surged back to $99 levels post-close. Reports cited by

According to Asia Economy, on September 8, Houthi militants launched a major retaliatory strike on Saudi Aramco facilities and military airfields, causing international crude oil prices to spike amid inflation concerns. Brent crude jumped to $99.46 per barrel intraday, marking its highest level sin

On Tuesday (September 8) at the New York close, spot gold fell 1.06% to $4,357.62 per ounce, while COMEX copper futures rose 1.36% to $6.7735 per pound. Copper touched an intraday high of $6.8730 before paring gains, approaching the August 6 peak of $6.96 per pound. Spot silver fell 0.68% to $65.718

On Tuesday, September 8, major U.S. asset class ETFs posted mixed results. Gold ETF fell 1.73%, while Japanese Yen ETF rose 1.52% and Brent crude oil fund gained 2.89%. Other decliners included Dow Jones ETF (down 1.13%), S&P 500 ETF (down 0.55%), and Russell 2000 ETF (down 0.55%). Among gainers, U.

According to StoneX's updated forecast, the firm raised its 2026 U.S. soybean production estimate to 4.547 billion bushels, up from 4.470 billion bushels, with yield held steady at 53.0 bushels per acre. The firm also increased its corn production forecast to 16.207 billion bushels from 16.160 billi

The Federal Reserve faces a closely divided market ahead of its September FOMC meeting, with the Chicago Mercantile Exchange showing a 60% probability of a rate hike and a 40% probability of a hold. The split probabilities reflect heightened difficulty in forecasting the Fed's decision this cycle.

According to Iran's state television, Iran on September 8 warned oil tankers near the coasts of Kuwait and Bahrain to evacuate. The Iranian national broadcaster issued the warning without providing further details on the reason or timeframe for the

According to Iran's Revolutionary Guards Navy (via Sepahnews), on September 9, the force threatened to strike all tankers docked at and anchored in ports of Kuwait and Bahrain, citing retaliation for reported U.S. military attacks on Iranian oil tankers. The Guards called on crews to evacuate

On Tuesday, September 8, during the New York close, ICE Arabica coffee futures fell 3.22%, while cocoa futures declined 4.22% to $5,927 per metric ton. Chicago WCE canola futures rose 2.27%, and ICE cotton futures

According to Citi data, U.S. corporate earnings forecasts have been revised upward for 21 consecutive weeks, marking the longest stretch since September 2021. Despite headwinds from elevated inflation and interest rate expectations, the S&P 500 remains just 1% below its all-time high, supported by s

According to CBOT data, soybean oil futures on the Chicago Board of Trade rose 2.11% on Tuesday (September 8) at New York close. Meanwhile, CBOT soybean futures gained 0.53% to $13.1675 per bushel, while soybean meal futures

According to Jerusalem Post, the U.S. is currently attacking Iranian oil tankers, as reported by i24 correspondent on September 8.

Bitcoin traded at $78,524 Tuesday, down 0.72%, while the S&P 500 closed at 7,689.80, off 0.37%, as oil prices pushed toward $100 a barrel on renewed U.S.-Iran fighting in the Strait of Hormuz. The declines followed Friday's August jobs report showing U.S. employers added 162,000 positions, nearly tr

According to market data on Tuesday, Bitcoin traded at $78,524, down 0.72%, while the S&P 500 fell 0.37% to 7,689.80 as oil prices pushed toward $100 a barrel on U.S.-Iran tensions in the Strait of Hormuz. The decline followed Friday's August jobs report, which showed U.S. employers added 162,000 p

International gold prices declined nearly 1% on September 8 (US Eastern Time), with December delivery gold futures falling $36.80 to $4,439.80 per troy ounce as of 11:59 AM at COMEX. The decline was driven by inflation concerns stemming from persistently high international oil prices, which create d

WTI October crude futures closed at $93.03 per barrel today, while Abu Dhabi Murban crude futures rose 3.07% to $110.05 per barrel.