Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, Mediterranean tanker rates declined sharply as of September 4, with rates for a 140,000-ton crude carrier from the Black Sea to the Mediterranean falling to Worldscale (WS) 280, down from WS570 in mid-August. Cross-Mediterranean routes also fell approximately 100 Worldscale

Saxo Bank reported net profit of €87 million for the first half of 2026, up from €73 million a year earlier, marking the strongest first-half result in the company's history. The 19% profit increase was driven by strong equity-market sentiment and volatility in oil and precious metals amid

According to reports from The Information and industry sources, Doosan Enerbility has expanded its North American gas turbine order portfolio as global supply constraints tighten. The South Korean energy equipment manufacturer signed a contract in March to supply seven 380 MW-class gas turbines to a

As of market close on September 4, China's major futures contracts closed mixed. Synthetic rubber led gains with a rise of over 5%, while caustic soda climbed more than 3%. Natural rubber 20 (NR) gained nearly 3%, with soda ash and rubber each advancing over 2%. Fuel oil was the sole decliner,

From 14:30 to 14:45 (UTC) on September 4, 2026, BTC fell from 79,463.1 USDT to 78,828.4 USDT within 15 min, with Return % at -0.43% and Ampl at 0.80%. The price declined rapidly, market attention surged, and volatility expanded significantly compared with normal levels. The primary driver of this move was macro risk-off sentiment triggered by escalating geopolitical conflict. On September 3, Iran launched missile and drone attacks against U.S. Air Force bases in Kuwait and the UAE, with the Iran

Airlines face rising borrowing costs as jet fuel prices increase amid escalating US-Iran tensions. The ongoing conflict has disrupted energy and shipping routes in the Gulf region, directly impacting aviation fuel supply and costs. Smaller American carriers are particularly challenged by these

Wacker Chemie is evaluating the closure of its polysilicon plant in Charleston, Tennessee, after Section 232 tariffs imposed on August 6 caused the facility's last two customers to exit. The Trump administration introduced the trade measures to protect America's semiconductor supply chain,

Iraq's Oil Ministry reported that the country exported nearly 70 million barrels of crude oil in August, with preliminary revenue totaling approximately $4.5 billion.

According to the FAO, the global food price index averaged 133.3 points in August, up 1.9% month-on-month and 2.5% year-on-year, according to a report released on September 4.

According to Jin10, Brian Hassett, director of the U.S. White House National Economic Council, stated recently that inflation has come under control. He characterized elevated oil prices as a short-term

Washington is moving back toward diplomacy on two of the world's most dangerous conflicts. Ukrainian President Volodymyr Zelenskiy said U.S. representatives are expected to meet officials in both Ukraine and Russia in the coming days, with preliminary dates already discussed. Reuters reported that

According to Guru Club, on September 4, WTI crude oil futures dropped 2.16% to $89.326 per barrel, while Brent crude fell 1.85% to $93.750 per barrel.

According to Reuters, U.S. envoys Steve Witkoff and Jared Kushner are expected to travel to Moscow and Kyiv over the weekend as part of renewed U.S.-led peace efforts. Ukrainian President Volodymyr Zelenskiy said preliminary dates for meetings with officials in both countries have already been

Heating oil futures contracts fell 4.00% intraday on September 4, trading at 3,716 yuan per ton.

Intraday on September 4, WTI crude oil declined 2% to $87.84 per barrel, while Brent crude dropped 1.84% to $92.89 per barrel.

According to Jin10, on September 4, Shanxi Province's Department of Natural Resources released a report showing that cumulative proven coal seam gas reserves exceeded 1 trillion cubic meters, ranking first nationally. During the 14th Five-Year Plan period, Shanxi added 563.838 billion cubic meters o

Gate expanded its tokenized stocks, futures zones, and event markets in early September following a strong August rally across crypto and traditional markets. Bitcoin gained 25.1% over August while Ethereum rose 32.6%, according to Gate Research's quantitative report. The platform's tokenized stock

According to a senior Italian official, Italy's government extended a diesel tax cut of 17 cents per liter through September 10 on September 4. The measure, part of a series of initiatives since March to cushion consumers from energy price surges, reflects Prime Minister Giorgia Meloni's response to

According to BlockBeats, U.S. and Canadian stock markets will close on September 7 (Monday) due to the U.S. Labor Day holiday. Trading in precious metals and U.S. crude oil futures contracts on CME will end early at 02:30 Beijing time on September 8, while stock index futures will close at 01:00 Be

At 20:30 Beijing time on September 4, the U.S. Bureau of Labor Statistics released the August NFP employment report. The data showed that U.S. seasonally adjusted nonfarm payrolls increased by 162,000 in August, the highest level since March and well above the market expectation of 56,000. The unemployment rate held steady at 4.1%, in line with expectations. Meanwhile, July’s figure was revised up from an initial decline of 23,000 to an increase of 21,000. This much stronger-than-expected employ