Commodities (Crude Oil & Copper) & Macro Outlook

According to Shanghai Futures Exchange, crude oil futures 2610 contract closed up 1.62% at 714.70 yuan per barrel during overnight trading on September 8. Shanghai gold fell 0.7%, while Shanghai silver

Brent crude oil crossed $100 a barrel on Tuesday after Houthi forces attacked Saudi energy infrastructure in the Jazan area, where Saudi Aramco operates a refinery processing approximately 400,000 barrels per day. The global benchmark briefly reached $100.03, marking its first move above that

Brent crude briefly crossed $100 a barrel on Tuesday (Sept 8), marking its first move above the level in roughly three months, as Houthi attacks on Saudi energy infrastructure in the Jazan area raised supply concerns. The Saudi Aramco refinery targeted in the attacks has a daily processing

On September 8, London Metal Exchange (LME) futures closed with mixed performance. Copper rose $199 to $14,708 per ton, nickel surged $153 to $16,868 per ton, while cobalt fell sharply by $1,250 to $43,690 per ton and tin dropped $279 to $54,862 per ton. Aluminum gained $29 to $3,341 per ton, zinc a

According to Bloomberg, OPEC crude production fell significantly in August, declining by 900,000 barrels per day to 19.91 million bpd, reversing two months of recovery. Saudi Arabia, the group's largest producer, saw output drop by over 1 million bpd as both of its main export routes faced

Bank of England Governor Andrew Bailey warned on May 8 (local time) that inflation risks remain tilted to the upside due to elevated energy prices, testifying before the UK Parliament's lower house. Bailey attributed the inflationary pressures to ongoing conflicts that continue to generate high ener

Bank of England Governor Andrew Bailey warned on September 8 that inflation risks from elevated energy prices remain tilted to the upside, citing ongoing regional conflicts driving higher energy costs and significant volatility spilling into financial markets. Speaking in testimony to the House of

According to European Commission meeting minutes, the EU Oil Coordinating Group stated today that the bloc faces no urgent concerns regarding oil supply security. Geopolitical tensions in the Middle East continue to drive price volatility in crude oil and petroleum products, particularly aviation

U.S. Strategic Petroleum Reserve crude oil inventories declined by approximately 1.2 million barrels last week, falling to 285.4 million barrels, marking the lowest level since 1982.

On Wednesday August 6 during European close, ICE UK natural gas futures rose 4.44% to hit an intraday high of 190.350 pence per therm. TTF Dutch natural gas futures jumped 4.65%, reaching an intraday peak of 76.789 euros per

The MSCI Nordic Index rose 0.2% to 403.67 points on Monday, with Boliden surging 6.3% to lead Nordic stocks. The gains were supported by copper hitting a record high on the London Metal Exchange.

According to Russian presidential aide Patrushev, Russia's grain harvest has exceeded last year's level as of early September.

According to China Central Television, copper futures on the London Metal Exchange hit an all-time high on September 7, reaching $14,617 per ton on September 8. Market participants are front-loading purchases ahead of an expected 15% U.S. tariff on refined copper set to take effect in

Overnight on September 8, China's commodity futures markets posted broad gains. Methanol led advances with a 3.93% surge, while iron ore declined 0.14% and soybean oil fell up to 0.99%.

U.S. Treasury Secretary Bessent stated recently that energy-related inflation is temporary. The comment reflects the Biden administration's position on near-term price pressures linked to energy markets.

xStocks issued $790.9 million in tokenized assets, comprising $779.9 million in stocks and $11 million in commodities, according to Token Terminal. The issuance reflects growing institutional interest in digital asset classes. This development signals potential integration of traditional assets

According to Token Terminal, xStocks issued $790.9 million in tokenized assets, comprising $779.9 million in stocks and $11 million in commodities. The top tokenized equities include STRCx at $147.8 million, CRCLx at $80.5 million, and MSTRx at $70.5 million. Notably, Solana hosts 65.8% of these ass

According to the New York Federal Reserve, consumers surveyed in August expect gasoline prices to increase in the coming months.

Saudi Arabia's crude oil production and exports plummeted in August due to disruptions in the Strait of Hormuz and Red Sea shipping routes, according to market analysis. The sharp decline has halted the overall production recovery momentum of

According to Turkey's Agriculture Ministry, Turkey and Russia signed a memorandum of understanding on Tuesday to expand nitrogen fertilizer imports and ease difficulties in sourcing urea from Persian Gulf producers. The agreement exempts Turkey from Russian export restrictions on nitrogen fertilizer