Commodities (Crude Oil & Copper) & Macro Outlook

European natural gas prices reached their highest level since 2023 on September 2 as the United States and Iran resumed military clashes more than six months into the Iran war. Dutch TTF hub natural gas futures rose over 2% to €73.60 per megawatt-hour (MWh) by 2:10 p.m. local time September 2,

According to Yonhapinfomax, European natural gas prices hit their highest level since January 2023 on September 2, with TTF hub futures in the Netherlands breaching 75 euros per MWh intraday before settling at 73.60 euros—up over 2% from the previous day. The surge reflects escalating military

US stock market indices rose together on 2일 (US Eastern Time) after four consecutive days of decline, as US Treasury yields declined slightly and bargain buying emerged. Mid-to-long term Treasury yields fell by approximately 1 basis point after five trading days of sharp increases that had

On Wednesday (Sept 2), gold ETF surged 1.52%, while Russell 2000 small-cap index ETF rose 1.18%, topping major U.S. equity asset class ETFs. Long Japanese yen, emerging markets, and Dow ETF also posted modest gains of 0.93%, 0.57%, and up to 0.54%, respectively. Conversely, agricultural

According to Bloomberg, the Bloomberg Commodity Index fell 0.74% to 35.6390 on Wednesday's New York close (September 2), with trading mostly ranging near 35.40 earlier in the session. CBOT corn futures declined 0.64%, wheat futures fell 0.99%, and soybeans dropped 0.84% to $13.0875 per bushel.

According to Jin10 Data, on September 3, crude oil futures prices rose on the commodity exchanges. WTI October futures gained $0.79 to close at $91.01 per barrel, up 0.88%, while Brent November futures advanced $0.98 to $95.63 per barrel, up 1.04%.

According to Finance Minister François-Philippe Champagne, Canada's government will extend the fuel consumption tax suspension until January 31, 2027, amid surging energy costs driven by the Iran conflict. Starting February 1, the tax rate will be reduced by half through March 31, before returning t

CME's Henry Hub Natural Gas Futures reached a new open interest record of 1,807,497 contracts yesterday (September 1), according to the exchange's data.

WTI October crude futures rose $0.79, or 0.87%, to settle at $91.01 per barrel today. Abu Dhabi Murban crude gained 0.10% to $106.26 per barrel. NYMEX October natural gas futures closed at $2.9560 per million British thermal units, while October gasoline futures settled at $3.1038 per gallon and Oct

Shanghai Futures Exchange crude oil futures contract 2610 closed up 2.57% at 694.70 yuan per barrel in the night session on September 2. Shanghai gold futures rose 0.86%, while Shanghai silver futures gained 1.06%.

According to Jin10, on Wednesday, President Trump stated Iran's regime is collapsing and said the U.S. is preparing another strike against Iran. Trump also noted that the U.S. controls the Strait of Hormuz and hopes to lower domestic retail gasoline

President Trump stated that the U.S. maintains complete control over the Strait of Hormuz and exports millions of barrels of oil through the strategic waterway daily, according to his public remarks on

The U.S. Department of Treasury released multiple general licenses for Venezuela on September 2. The Trump administration's permits cover activities related to Venezuelan coal, gold, and mining operations.

The Federal Reserve's latest Beige Book reports that the overall outlook for the coming months is positive, though sentiment varies significantly across industries. Respondents cited greater uncertainty regarding the impact of rising energy prices on economic activity, according to the report.

According to CCTV, on September 2, the United States and Venezuelan governments formally signed a major oil cooperation agreement with Chevron and other companies, securing majority control over 65 billion barrels of Venezuela's

According to the White House, crude oil from Venezuela under the bilateral agreement could begin entering the U.S. Strategic Petroleum Reserve as early as November.

Chevron CEO Mike Wirth on Wednesday cited better economics and stronger legal protections as two key factors behind the decision to invest more than $7 billion to expand operations in Venezuela. The oil company announced updated agreements covering its Venezuelan joint ventures, with plans to more t

According to Eni CEO Claudio Descalzi, the energy company will begin its first oil drilling operation in Venezuela starting tomorrow (September 3).

According to ChainCatcher, Ondo Finance submitted comment letters to the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) on August 24, urging regulators to bring stock-linked perpetual contracts under existing securities and futures frameworks without re

Chevron shares rose approximately 0.6% to $212.72 today (September 2), on track for a new closing high. The energy company announced a $7 billion investment to double its oil production capacity in Venezuela.