Commodities (Crude Oil & Copper) & Macro Outlook

According to Yonhapinfomax, on September 9, President Trump predicted that the Iran war will end after the November midterm elections and confirmed the U.S. military destroyed nine Iranian oil tankers. Trump stated that Iran faces a deteriorating situation with 300% inflation, and the U.S.

International oil prices surged past $100 per barrel on September 8 as military tensions escalated between the United States and Iran over the Hormuz Strait, alongside intensifying clashes between Saudi Arabia and Houthi rebels in Yemen. Brent crude futures for November delivery closed at $97.92 per

US stocks declined on a specific date as three major indices fell simultaneously for the third consecutive trading session. The Dow Jones Industrial Average dropped 405.4 points (0.77%) to close at 52380.66, while the S&P 500 declined 37.16 points (0.48%) to 7636.36 and the Nasdaq fell 168.07 points

According to CNBC, Brent crude for November delivery rose 0.95% to $97.92 per barrel on September 8 (local time), marking the highest level since July 24. West Texas Intermediate (WTI) for October delivery climbed 1.69% to $93.03 per barrel on the New York Mercantile Exchange. The rally was

According to the American Petroleum Institute (API), U.S. crude oil inventory at Cushing declined 3.31 million barrels for the week ended September 4, compared with a build of 1.5 million barrels in the prior week.

U.S. crude product imports for the week ending September 4 totaled negative 5.9 thousand barrels per day, according to the American Petroleum Institute (API) weekly report. This represents an improvement from the prior week's negative 22.6 thousand barrels per day.

US heating oil inventories increased by 405,000 barrels in the week ended September 4, compared with a decrease of 350,000 barrels in the prior week.

U.S. API gasoline inventories fell 1.867 million barrels for the week ending September 4, exceeding the forecast decline of 1.758 million barrels. The prior week had seen an increase of 348,000 barrels.

U.S. crude oil imports rose to 406,000 barrels in the week ending September 4, up from 242,000 barrels the previous week, according to weekly API data.

According to API data, U.S. crude oil inventories fell 327,000 barrels for the week ended September 4, falling short of expectations for a 1.336 million barrel decline, compared to a 2.593 million barrel drop the prior week.

According to the American Petroleum Institute (API), U.S. crude oil inventories declined 300,000 barrels last week.

On Wednesday, September 9, U.S. small-cap and real estate ETFs declined sharply, with the Russell 2000 Index ETF falling 1.37% and the American Real Estate ETF dropping 1.03%. Meanwhile, gold ETF rose 0.91%, and the U.S. Brent crude oil ETF

US mortgage rates approached 7% in early September as Treasury yields climbed amid inflation concerns and rising oil prices. The average 30-year fixed mortgage rose to 6.85% in the week ended Sept. 4, its highest level since June, according to Reuters, while Freddie Mac reported 6.71% for the week e

The American Petroleum Institute (API) will release its weekly crude oil inventory report at 04:30 Beijing time. Non-API members can access the data starting around 04:32.

According to sources, the board controlled by Venezuela's opposition will halt its regulatory oversight of U.S. oil refiner Citgo Petroleum as early as September.

U.S. Secretary of State Marco Rubio declared the United States aims to economically "choke" Iran, stating that attacks targeting Iranian oil tankers will continue. The statement signals an intensified approach to U.S. economic pressure on Iran and underscores the administration's commitment to a

On Wednesday (Sept 9), closing in New York, ICE raw sugar futures rose 1.38% and ICE white sugar futures gained 1.95%. ICE Arabica coffee fell 1.46%, while Robusta coffee rose 0.43%. New York cocoa futures gained 0.41% to $5,937 per ton, and ICE cotton futures added 1.26%. CBOT rapeseed futures

According to Jin10, crude oil futures prices rose on September 10 at market close. WTI crude oil futures for October delivery increased $3.02 to $96.05 per barrel, up 3.25%. Brent crude oil futures for November delivery climbed $3.29 to $101.21 per barrel, up 3.36%.

President Trump warned on September 9 that oil and gas prices will remain elevated through the November midterm elections, citing the ongoing US-Iran conflict as the primary cause. Speaking before departing for Texas and the Republican Party's midterm convention, Trump predicted prices would

President Trump said on September 9 that oil and gas prices are expected to remain elevated through the November midterm elections due to the ongoing US-Iran conflict affecting energy markets. Speaking before departing for Texas, Trump predicted prices would drop after the elections conclude.