Commodities (Crude Oil & Copper) & Macro Outlook

Emerging market currencies declined broadly on Friday, with stocks recording their fourth consecutive week of losses as oil prices surged to $117 per barrel. The South African rand, Chilean peso, and Polish zloty were the worst performers. The Brazilian real bucked the trend, appreciating 1.3%

According to Venezuela's Oil Minister Hector Obregon, the country's crude oil production reached 1.252 million barrels per day, marking the highest output in several months. Obregon made the announcement during an inspection

According to Iran's Islamic Revolutionary Guard Corps Navy, two supertankers carrying over 4.5 million barrels of crude oil hit mines in the southern Strait of Hormuz on October 23 earlier that day. Explosions and fires disabled their engines and the vessels were abandoned by their

According to Bloomberg and CBOT data, grain futures declined this week through Friday, October 23. CBOT wheat futures fell 5.27% to $6.25 per bushel, while corn futures dropped 3.85% to $4.56 per bushel. The Bloomberg commodity grains index declined 0.23% to 30.8240 points, with a weekly loss

According to the U.S. Commodity Futures Trading Commission (CFTC), WTI crude oil speculators' net long positions increased by 311 contracts to 110,930 for the week ending October 20.

According to the U.S. Commodity Futures Trading Commission, during the week of October 20, speculators reduced net short positions in U.S. Treasury futures on the Chicago Board of Trade by 58,019 contracts to 68,419 contracts. Separately, speculators cut net short positions in 10-year U.S. Treasury

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators increased their net short positions in natural gas by 26,764 contracts to 126,900 contracts during the week of October 20 across NYMEX and ICE's four major

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending October 20, COMEX gold speculative net long positions fell by 2,392 contracts to 108,685. Silver positions declined by 1,988 contracts to 3,746, while copper positions dropped by 13,161 contracts to 48,009.

According to Jin10, on October 23, crude oil futures prices surged significantly. WTI crude for December delivery rose $3.80 to $103.27 per barrel, up 3.82%, while Brent crude for December delivery gained $3.55 to settle at $116.72 per barrel, up 3.14%.

According to Deputy Prime Minister Novak, Russia's enterprises can export 500,000 tons of diesel to U.S. and global markets in October. Most of the supplies will come from Rosneft, with the first three tankers already en route to the Atlantic

According to Iraq's Prime Minister, Iraq plans to gradually increase its daily oil production to 10 million barrels by 2032. The announcement outlines the country's strategic energy expansion target over the next six

On the night session of October 23, Shanghai Futures Exchange crude oil 2612 contracts closed up 3.82% at 744.40 yuan per barrel. Gold futures fell 0.87%, while silver futures declined 1.05%.

According to the Intercontinental Exchange, Brent crude oil speculators' net long positions increased by 8,852 contracts to 241,881 in the week ended October 20.

According to the Intercontinental Exchange, diesel speculators' net long positions increased by 161 contracts to 75,622 in the week ended October 20.

According to the International Copper Study Group (ICSG), the global refined copper market posted a supply surplus of 132,000 tonnes in August 2026.

According to Baker Hughes, U.S. energy enterprises maintained their drilling rig count unchanged for the second consecutive week, indicating steady activity levels in the energy sector.

U.S. oil drilling rigs increased to 460 in the week of October 23, up from 459 in the prior week.

The total number of natural gas drilling rigs in the U.S. fell to 132 for the week ending October 23, down from 133 the previous week.

According to Baker Hughes, the U.S. weekly oil rig count for the current week will be released in approximately 10 minutes, on October 23.

According to official documents, Germany's oil reserve agency EBV released a tender on Friday to sell diesel, heating oil, and crude oil from its reserves.