Commodities (Crude Oil & Copper) & Macro Outlook

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

On September 7, Panama Canal Authority administrator Illia Espino warned that if rainfall in the canal watershed remains below expectations in the coming months, daily transit volume could be further reduced from the current 32 vessels to approximately 29 vessels starting in early 2027. Espino, the

According to Jin10, as of 2:30 a.m. on September 8, Shanghai gold futures fell 0.04% to 954 yuan per gram, while Shanghai silver futures rose 0.74% to 16,143 yuan per kilogram and SC crude oil futures gained 1.73% to 700 yuan per

Shanghai Futures Exchange crude oil contract 2610 closed 1.73% higher at 700.40 yuan per barrel during the overnight session. Shanghai gold fell 0.04% while Shanghai silver rose 0.74%.

WTI crude oil broke through $93 per barrel during intraday trading on September 7, gaining 1.62% for the day.

According to Bitcoin News, the CFTC has requested a federal court to dismiss CME's lawsuit against Kalshi's Bitcoin perpetual futures (BTCPERP), which were approved on May 29. Kalshi's BTCPERP is a cash-settled contract with no expiration date and uses a funding rate mechanism to track the spot

According to vessel tracking data, the Qatari LNG tanker Al Marrouna approached the Strait of Hormuz on Monday, with Pakistan's Karachi port listed as its next destination and expected arrival by Thursday. The vessel was loaded with liquefied natural gas at Qatar in early August. This marks the

According to Guru Club, London Metal Exchange (LME) copper futures reached a historic peak on September 7, breaking through $14,530 per ton.

WTI crude oil futures rose 2.00% intraday on September 7, trading at $93.05 per barrel.

On the evening of September 7, asphalt futures rose approximately 2.6%, low-sulfur fuel oil climbed 2.6%, fuel oil gained 2%, and iron ore advanced 0.9% in overnight trading.

According to Thai sugar factory executives, Thailand's sugar production for the 2026/27 crushing season starting in October is expected to drop below 10 million tons, a decline of at least 17% from approximately 12 million tons in the previous season. The production slowdown is driven by prolonged d