Commodities (Crude Oil & Copper) & Macro Outlook

According to Argentine Foreign Minister Pablo Kicillof, First Quantum Minerals plans to apply for Argentina's RIGI (large investment incentive regime) by the end of 2026 for its Taca Taca copper project, with total investment up to $52.5 billion. The project is expected to begin production in 2030,

According to Guru Club, on October 23, Brazil's Finance Minister said that if Brent crude oil prices remain elevated in 2027 and additional resources become available, the government could maintain subsidies.

European natural gas futures climbed this week, with ICE UK Natural Gas Futures up 6.10% to close at 229.600 pence per thermal unit on Friday (October 23), while the TTF Dutch natural gas benchmark rose 5.64% to 93.306 EUR per megawatt-hour. Earlier in the week on October 20, both contracts had

According to the U.S. Department of Energy, the agency designated helium as a critical material for semiconductor manufacturing on October 23. Energy Secretary Chris Wright stated in a statement that helium is essential for producing semiconductors and advanced technologies that support the U.S.

According to glassnode, Hyperliquid's TradFi perpetual futures trading volume surpassed BTC perpetual contracts by more than threefold in August, amid a period when Bitcoin investors capitulated and speculative capital rotated toward traditional finance

In coming days, Italy's Eni group will sign infrastructure contracts for a Cyprus natural gas project valued at up to $1.8 billion.

President Donald Trump stated on October 23 that the United States could end the war with Iran very soon, according to a report by crypto-focused media outlet BlockBeats. Trump also claimed that the US could secure all of Iran's oil. FAQ What did President Trump say about the Iran war on October

According to the UK Maritime Trade Operations, a tanker was struck by an unidentified aerial object near Oman in the Strait of Hormuz today.

According to on-chain analyst Yujin, a whale that liquidated its Ethereum position three days ago is now showing $1.9 million in unrealized gains on crude oil holdings after prices rose approximately 4% today (October 23). The whale had previously exited its ETH position with $8.99 million in

According to Reuters, Algeria has directed urea producers to halt exports to France early last week, marking an escalation in trade restrictions amid ongoing diplomatic tensions between the North African nation and its former colonial ruler. The suspension affects roughly 30% of France's urea

U.S. Treasury Secretary Jeremy Bessent stated today that Iran's shadow tanker fleet has been severely weakened, major oil export terminals are empty, and maritime oil reserves have been depleted. The statements underscore the comprehensive nature of sanctions targeting Iran's petroleum

According to the UAE Ministry of Climate Change and Environment, on October 23, all beaches and coastal areas in Umm Al Quwain have been temporarily closed following an oil tanker spill. The ministry announced the closure via social media

According to Lycos Molybdenum's official statement, the company's nine-month net profit reached 24 billion yuan ($3.6 billion) in 2026, a 68% year-over-year increase, boosted by surging copper prices and production gains. Copper output hit 209,000 tons in Q3, the second consecutive quarter

Analyst Consensus unveiled a screener tracking 1,737 assets including stocks, commodities, ETFs, and cryptocurrencies. The tool ranks assets based on analyst sentiment levels to help traders identify potential market movements. Ki Young Ju shared this development on Twitter, noting that

According to Bloomberg, Bridgewater's China operation has begun reducing its gold overweight due to rising interest rates and elevated opportunity costs of holding the precious metal. Higher oil prices are also dampening demand from energy-importing nations like India, the fund noted in its

The US Department of Energy approved an emergency supply of up to 400,000 barrels of crude from the Strategic Petroleum Reserve to Phillips 66's Lake Charles refinery in Louisiana on October 23, following a supply disruption at the facility. The approval was reported by Walter Bloomberg, which

According to CFTC Chair Michael Selig, the Commodity Futures Trading Commission is reviewing oil trading issues that occurred in March during the Iran conflict. The agency is examining the market dynamics and trading activities from that

According to Reuters, MMG has proposed supply guarantees for European stainless steel producers to address EU antitrust concerns over its acquisition of Anglo American's Brazilian nickel operations. If approved by the European Commission, the remedy would secure supply for European producers. Anglo

According to MSX.COM data as reported by Odaily on October 23, major U.S.-listed oil companies hit record highs as crude prices continued to rise. ExxonMobil shares rose 1.39% to a market cap of $743 billion, while Chevron climbed 1.46% to $454.4 billion. Shell gained 1.63% at $299.5 billion market

From 13:30 to 13:45 (UTC) on October 23, 2026, BTC rose 0.36% over 15 minutes, trading in a range of 81666.6–82050.0 USDT, with an amplitude of 0.47%. A slight short-term rebound emerged, but overall volatility remained limited. BTC is still down 0.32% over 24 hours, with geopolitical concerns weighing on market risk appetite. The main driver of this move was expectations of an escalation in the Middle East conflict. Reports that Trump hinted at a possible renewed strike on Iran sparked concerns