Commodities (Crude Oil & Copper) & Macro Outlook

According to Bloomberg, on Wednesday, September 9, Chicago Board of Trade (CBOT) wheat futures fell 2.44% to $7.2875 per bushel as the Bloomberg Commodity Index for grains retreated 1.23% to 34.7017 points. The session marked a pullback after earlier gains; wheat had risen to $7.5550 earlier in the

Brazil's President Luiz Inácio Lula signed an executive order on September 9, reducing PIS/PASEP and COFINS taxes on gasoline by 0.63 real per liter. The measure aims to lower fuel costs for consumers.

Brazilian authorities issued an executive order on Wednesday morning establishing a diesel subsidy at 1 Brazilian real (BRL) per liter.

According to BlockBeats, on September 10, U.S. President Trump stated that the Iran war will end immediately after the midterm elections, adding that the United States is not seeking a deal but negotiations remain possible. Trump previously indicated military action against Iran would not last

According to Jin10, Shanghai gold, silver, and SC crude oil futures closed higher on September 10 at 2:30 AM. Shanghai gold main contract rose 0.62% to 956 yuan per gram, Shanghai silver main contract climbed 2.40% to 16,529 yuan per kilogram, and SC crude oil main contract surged 7.00% to 773 yuan

President Trump stated today that he would lower gasoline prices to below $2 per gallon, comments made amid the 2026 midterm election cycle. Trump also indicated that oil prices will decline following the midterm elections, though emphasized that the gasoline price reduction will require some

The U.S. Commodity Futures Trading Commission (CFTC) secured court orders directing residents from Texas and Florida to pay over $500,000 in penalties for commodity pool fraud. The orders also impose trading bans on the individuals involved in the fraudulent activities. The CFTC emphasized its

Mexico's government reduced rescue funding for state-owned oil company Pemex by 70% in its new budget proposal.

According to ITAR-TASS, Russian Finance Minister Anton Siluanov stated that Russia is considering adjusting the oil price benchmark in its budget rules to $50 per barrel.

According to Saudi media Alhadath citing Iranian media, a tanker was attacked in the Strait of Hormuz on September 10.

According to swap market data, traders are increasingly betting on rate hikes from the European Central Bank and Bank of England as rising energy prices threaten to keep inflation elevated over the next year. The ECB is expected to hike rates by approximately 90 basis points by December 2027,

According to the U.S. Energy Information Administration (EIA), the average WTI crude oil price for September is forecast at $84.65 per barrel, compared to $80.88 per barrel in August, representing a month-on-month increase

The U.S. Energy Information Administration (EIA) finalized the inputs for its short-term energy outlook forecasting model on September 3. The forecast does not account for recent Middle East developments.

According to the U.S. Energy Information Administration (EIA) Short-Term Energy Outlook, U.S. distillate fuel inventories are expected to fall below 100 million barrels in September and remain below five-year lows for most

According to the U.S. Energy Information Administration (EIA), the agency's latest Short-Term Energy Outlook forecasts that global distillate fuel production will fall below year-ago levels in the coming

According to the U.S. Energy Information Administration (EIA), global oil inventories have declined 400 million barrels as of September 2026, with further declines expected through year-end, according to the agency's latest Short-Term Energy Outlook

According to the U.S. Energy Information Administration, Middle Eastern crude oil production is expected to remain below pre-conflict average levels through the second quarter of 2027.

According to the U.S. Energy Information Administration's (EIA) Short-Term Energy Outlook released today, U.S. natural gas production is forecast to average 123.9 billion cubic feet per day in September, up from 123.7 billion cubic feet per day in August. The EIA projects October production will

TotalEnergies has signed two new exploration licenses for Angola blocks 17 and 32, according to the company's CEO. The licenses represent the company's continued investment in Angola's offshore exploration and production

According to the EIA's Short-term Energy Outlook, Middle Eastern oil exports will face restrictions, with this situation expected to persist through the end of 2026.