Commodities (Crude Oil & Copper) & Macro Outlook

Saudi Arabia set its official selling price for October exports of Arab Light crude to Asia at a discount of $2 per barrel to the Oman/Dubai crude average.

From 14:45 to 15:00 (UTC) on September 3, 2026, BTC rose 1.00% over the 15-min period, with its price rebounding from $79,759 to $80,568.7, representing an amplitude of 1.02%. Market volatility intensified amid rising geopolitical safe-haven demand. The price broke above the $80,500 level and rebounded more than $3,700 from its 24-hour low of $76,827. The main driver of this move was the full escalation of the US-Iran military conflict. After the US military struck military targets on Iran's Lar

According to Insights Global, fuel oil inventory at the Amsterdam-Rotterdam-Antwerp (ARA) hub increased to 842,000 tons for the week ending September 3, compared to 834,000 tons in the previous week. Jet fuel stocks declined to 498,000 tons from 545,000 tons, while diesel fell to 1.61 million tons f

According to Jin10, on September 3, Venezuelan opposition leader Machado questioned the authority of interim President Rodriguez to negotiate a major oil agreement with the Trump administration, without directly opposing the deal. Machado stated that the agreement's true scope remains unclear

At close on September 3, China's commodity futures rose broadly. Liquefied petroleum gas (LPG) gained nearly 4%, while benzene and ethylbenzene (EB) advanced over 2%. Propylene, coking coal, and polypropylene each rose over 1%. Vegetable oil was the sole decliner, falling nearly 1%.

According to USDA latest agricultural drought monitoring data, as of September 1, the drought rate in U.S. corn-producing regions reached 28%, up 1 percentage point from the previous week and 19 percentage points compared to the same period last year when it stood at 9%.

According to a motion filed Wednesday, the CFTC asked a federal court to dismiss CME Group's lawsuit challenging the agency's approval of cryptocurrency perpetual futures, arguing that CME lacks legal standing because it has not shown measurable competitive harm from the decision to let Kalshi and o

From 14:15 to 14:30 on September 3, 2026 (UTC), BTC rose rapidly within 15 min, posting a Return % of +0.87%, with its price ranging from 78,985.6 to 79,692.3 USDT and an Ampl of 0.89%. Market volatility intensified significantly, while the simultaneous strengthening of safe-haven sentiment and risk assets attracted widespread attention. The primary drivers of this move were escalating geopolitical tensions and institutional capital inflows. The U.S.-Iran military conflict continued to intensify

According to Statistics Canada data released Thursday, Canada's exports to the United States fell 6.6% in July, marking the largest monthly decline since April 2025. The proportion of Canadian exports flowing to the U.S. dropped to 66.3%, the lowest level since 1997 excluding the pandemic period. Th

According to the U.S. Energy Information Administration, American natural gas inventories increased by 30 billion cubic feet last week, exceeding analyst expectations of 29.89 billion cubic feet. The week-over-week growth rate reached 0.94%, higher than the previous week's 0.47%.

According to the U.S. Energy Information Administration, natural gas inventories increased by 30 billion cubic feet to 300 billion cubic feet for the week ended August 28, falling short of the forecast of 310 billion cubic feet. The prior week's addition was 150 billion cubic feet.

The U.S. Energy Information Administration (EIA) will release its weekly natural gas inventory report at 22:30 Beijing Time today.

From 13:30 to 13:45 UTC on September 3, 2026, BTC surged rapidly in the short term, rising 0.52% over 15 minutes. The price fluctuated between 78,464.8 and 78,925.3 USDT, with an Ampl of 0.59%. Market volatility intensified, Trade activity increased significantly, and the short-term trend showed a strong rebound. The core drivers of this move were the interplay between escalating geopolitical conflict and fundamental support. The U.S.-Iran military conflict continued to escalate, with the IRGC c

According to Jin10, Ukraine attacked a service vessel supporting repairs at the Caspian Pipeline Consortium (CPC) oil terminal on September 3. The Nefrit, which was nearing completion of maintenance work on one dock section, was preparing to begin equipment replacement on another section when the

CBOT wheat futures declined 3.5% during intraday trading on September 3, settling at 769.5 cents per bushel.

Liquefied petroleum gas (LPG) futures broke through 6,500 yuan per ton during intraday trading today, September 3, gaining 2.75% on the session.

According to Russia's Finance Ministry, the country's August crude oil revenues fell to 326.2 billion rubles (approximately $3.76 billion), marking a six-month low and representing a 22% year-over-year decline. The data was disclosed on September 3. Russia's tax authority calculated that the

According to Guru Club, on September 3, the Baltic Dry Index rose 157 points, or 4.7%, to 3,488, marking its highest level since October 2021. The Capesize segment advanced 400 points, or 7.1%, to 6,042, the strongest since late 2023, with daily earnings climbing $3,632 to $51,298. The Panamax segme

From 12:30 to 12:45 UTC on September 3, 2026, BTC rose 0.44% within 15 min, with a price range of 77,968.5 to 78,447.0 USDT and an Ampl of 0.61%. Order Book depth was extremely shallow, and the buy/sell depth ratio showed Bids prevailing at 2.24. However, there was only 1 effective offer level, and the absolute Maker order volume was low. Overall, the market was experiencing a mild upward trend in a Low Liquidity environment. The main drivers of this move were rising geopolitical risks combined

According to Guru Club, Nodal Exchange, a U.S. power derivatives trading exchange, plans to launch AI computing futures today (September 3), competing directly with major exchanges CME (Chicago Mercantile Exchange) and ICE (Intercontinental Exchange).