Commodities (Crude Oil & Copper) & Macro Outlook

According to Trump's Truth Social statement made yesterday (September 7), the U.S. president predicted that oil prices would plummet to $2-3 per gallon, ultimately falling below $2, if the United States wins a war against Iran. He added that everything would proceed swiftly and Iran would never

As of 09:30 Beijing time on September 8, New York gold futures rose 0.62%, New York silver futures gained 1.18%, and New York copper futures climbed 1.25%.

US gasoline prices reached $4.15 per gallon on September 7 (local time), marking the highest Labor Day record in history, according to the American Automobile Association (AAA). Patrick De Haan, petroleum analyst at GasBuddy, stated that September through November will become the most expensive

According to GasBuddy analyst Patrick De Haan, U.S. gasoline prices hit a record high of $4.15 per gallon on September 7, marking the highest Labor Day average ever recorded. The August monthly average also reached $4.07 per gallon, surpassing the previous peak from August 2022 during the

The U.S. Commodity Futures Trading Commission (CFTC) asked a federal court in Washington, D.C., on September 8 to dismiss the lawsuit filed by the Chicago Mercantile Exchange (CME) against Kalshi’s Bitcoin Perpetual Futures. In a written statement, CFTC Chairman Michael Selig and the commission’s attorneys wrote, “This lawsuit is much ado about nothing.” The CFTC said CME had failed to prove that the CFTC’s decision caused it economic harm or exposed it to increased competitive pressure. Kalshi

US stock index futures showed mixed performance during Asian trading hours on the morning of the 8th, as Middle East military tensions persisted. As of 9:41 AM Korean time, E-mini S&P500 futures declined 0.14% to 7,711.00, while E-mini Nasdaq100 futures rose 0.23% to 29,632.00. The mixed trading

According to Yonhapinfomax, E-mini S&P 500 futures fell 0.14% to 7,711.00 in Asian morning trading on September 8 amid escalating geopolitical tensions in the Middle East. Nasdaq 100 futures, meanwhile, rose 0.23% to 29,632.00. U.S. stock markets were closed on Labor Day. Concerns over inflation ha

International oil prices surged to a six-week high as of 7:30 AM Korean time, with West Texas Intermediate (WTI) crude for the 10-month contract rising 1.28% to $92.65 per barrel and Brent crude climbing 0.75% to $97. The increases followed escalating military tensions between the United States and

According to Jin10, as of September 8, crude oil reference prices averaged $91.68 per barrel with a 4.53% change rate over the seven-day calculation period, implying a recommended increase of 240 yuan per ton for domestic gasoline and diesel retail prices. The next pricing adjustment window is

According to Jin10 Futures, on September 8, ethylene glycol spot prices in East China are trading within a reference range of 6,700-6,800 yuan per ton. Despite underlying support from rising crude oil prices amid persistent geopolitical tensions, ethylene glycol has accumulated significant gains

London Metal Exchange copper futures reached an all-time high today, breaking through $14,530 per ton with gains exceeding 1%. The rally reflects tightening supply-demand dynamics and tariff-driven trading flows in global copper

LS Securities downgraded Korea Electric Power Corporation's (KEPCO) target price to 48,000 won from 52,000 won, citing rising energy raw material costs driven by the prolonged Middle East conflict. The brokerage maintained its 'buy' rating despite lowering the target by 7.7%, representing 46.6%

According to LS Securities on September 8, Korea Electric Power (KEPCO) had its target price cut to 48,000 won from 52,000 won, a 7.7% reduction, as Middle East tensions push energy commodity prices higher. Dubai crude oil has surged past $100 per barrel, with liquefied natural gas and coal prices r

According to Goldman Sachs, Brent crude oil prices could surge above $120 per barrel if average daily oil production in the Gulf region remains 4 million barrels below pre-conflict levels in 2027.

According to Goldman Sachs, the bank raised its 2026 Brent/WTI crude oil price forecast by $5 to $85/$80 per barrel. The 2027 outlook was also increased to $80/$75 per barrel.

According to이데일리, on September 7, international oil prices surged to their highest level in six weeks as military tensions between the U.S. and Iran intensified. Brent crude closed at $97.73 per barrel, up 1.5%, while West Texas Intermediate (WTI) crude rose 1.8% to $93.10 per barrel. U.S. average g

According to Canada's federal government, retaliatory tariffs on CAD 27.6 billion (approximately USD 20 billion) in U.S. goods took effect on September 8. The tariffs cover steel, aluminum, dairy products, household appliances, and agricultural equipment. Canada stated the measure represents an

According to Guru Club, President Trump claimed on September 8 that global oil prices and U.S. retail gasoline prices will crash after the U.S. defeats Iran. In a Truth Social post, Trump predicted prices will first drop to $3 per gallon and ultimately fall below $2 per gallon. Trump stated the

Korea and the United States are negotiating an investment of approximately $22.3 billion in a gas power plant project in Texas. The proposed project would construct a 6.3-gigawatt gas power plant in Encinal, Texas, to address surging electricity demand from AI data centers. If finalized, the investm

Panama Canal Authority administrator Ilia Espino stated on September 7 that if rainfall in the canal basin remains below expected levels in coming months, daily transit capacity could be further reduced from 32 vessels to approximately 29 vessels starting early next