Commodities (Crude Oil & Copper) & Macro Outlook

According to Qatar's Ministry of Finance, the country recorded a budget deficit of 21.2 billion Qatari Riyal (approximately $5.8 billion) in Q2 2026, the largest quarterly shortfall since late 2016, as the Hormuz Strait blockade depressed natural gas revenues. The deficit nearly doubled compared to

The US dollar weakened against major currencies on September 8, with the dollar index (DXY) falling 0.183% to 99.076 as of 7:04 AM Eastern Time, driven by yen strength amid heightened intervention concerns from Japanese authorities and potential Bank of Japan policy rate increases. The USD/JPY

According to Gate data, the U.S. dollar fell 0.33% against the Japanese yen intraday on September 8, trading at 153.834. The dollar also declined 0.03% against the offshore Chinese yuan (USD/CNH), with the rate at 6.70692. Gold prices rose to $4,405.04 per ounce, up 0.01% intraday, while silver gai

During today's trading session, SC Crude Oil 2610 contract rose 2.03% to 717.6 yuan per barrel. The contract's trading volume exceeded 20.2 billion yuan, while open interest declined by nearly 200 lots during the day.

According to Jin10 Futures, on September 8, para-xylene (PX) futures rose 1.99% intraday to a high of 9,124 yuan/ton before retreating to 9,042 yuan/ton. Trading volume reached approximately 2.787 billion yuan with net positions reducing by over 2,000 lots. According to a Foshan Jinrong Futures

Wall Street markets reopened on September 8 after the Labor Day holiday facing surging oil prices as Brent crude approached $100 per barrel. The price surge followed Houthi rebel attacks on Saudi Arabian energy facilities that injured 73 people and disrupted operations, intensifying fears that

Andrew Bailey, Governor of the Bank of England, attributed the recent increase in energy prices to the conflict between the United States and Iran, warning that prices could rise further in the future.

Germany's Economy Ministry stated that at the start of winter, natural gas storage levels of 60%-70%, combined with import capacity, would be sufficient to meet expected winter demand.

According to Bank of America, the bank raised its Brent crude oil price forecast, projecting a high of $83 per barrel for the second half of 2026 and $75 per barrel for 2027.

According to Jin10, billionaire Aliko Dangote's Nigerian refinery on September 8 is operating at full capacity to maximize diesel and aviation fuel supplies to Europe. The move follows significant supply disruptions from the Middle East since the U.S.-Israel war began on February 28. Africa's

China's night-session futures opened with gains outpacing losses on September 8. Para-xylene, short-staple fiber, metallurgical coal, methanol, and PTA led gainers, all up over 2%, while crude oil, pure benzene, and propylene rose nearly 2%. Soybean oil and soybean futures II posted modest

On Tuesday morning US premarket, reports indicate Brent crude oil is approaching the $100 mark following Houthi strikes on Saudi energy facilities, while the Bank of Japan plans to raise its policy rate to 1.25% at this month's meeting. Yields on German 10-year government bonds have reached their hi

According to Reuters, Kalshi reported on September 8 that its commodities prediction market achieved over $400 million in monthly trading volume, four times the platform's cryptocurrency trading volume of approximately $100 million recorded seven months after launch. The surge in retail trading

According to Jin10, the APEC Energy Working Group's 72nd meeting was held in Beijing on September 8, with China's National Energy Administration Deputy Director Wang Jianbo in attendance. Wang emphasized that APEC cooperation thrives through participation from all economies, and called for member ec

According to Seoul Economic, on September 8, the Korean won-dollar exchange rate closed at 1,345.6 won, up 5.1 won from the previous trading day's 3:30 p.m. benchmark. The currency fell to 1,336.3 won in late morning before reversing course. U.S.-Iran military tensions in the Strait of Hormuz

According to Jin10, as of 20:30 Beijing time on September 8, WTI crude oil futures rose 0.83%, while U.S. natural gas futures declined 0.13%.

According to Jin10, as of 20:30 Beijing time on September 8, New York crude copper futures rose 1.97%, while gold futures fell 0.13% and silver futures fell 0.14%.

According to Xinhua, UAE Foreign Trade Minister Sani Zeyoudi announced on September 8 that the country has activated multiple alternative logistics corridors to address challenges from Strait of Hormuz transit disruptions. The UAE is establishing regional logistics routes connecting the Arabian

According to Citi's earnings revision index, U.S. corporate earnings forecasts have been revised upward for 21 consecutive weeks as of early September 2026, marking the longest such streak since September 2021. The trend comes as WTI crude oil remains above $90 per barrel and suggests strong earning