Commodities (Crude Oil & Copper) & Macro Outlook

According to BlockBeats, the U.S. Commodity Futures Trading Commission (CFTC) announced today (October 23) that it is closely monitoring prediction markets for any signs of manipulation.

According to the U.S. Department of Energy, the agency has approved an emergency swap of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve (SPR) to address a supply disruption affecting Phillips 66's refinery in Lake Charles,

French Foreign Minister Jean-Noël Barrot warned recently that further escalation between Iran and the United States would only produce losers and drive oil prices higher.

International oil prices advanced on October 23, with WTI crude rising 2.61% to $102.72 per barrel and Brent crude gaining 1.79% to $116.14 per barrel, according to cryptocurrency-focused media outlet Odaily. Gold edged up 0.06% to $4,028.86 per

Ki Young Ju, chief executive officer of CryptoQuant, on October 23 shared analyst outlook data suggesting it may be time to shift investments from US stocks and commodities to Bitcoin. Ju stated growing pessimism in these markets indicated investors should "sell and switch to Bitcoin" from bearish a

According to Jin10 Data, on October 21, China's National Energy Administration held a meeting on medium and long-term oil gas reserve increases and production expansion. The administration emphasized that amid complex international circumstances, oil and gas enterprises must enhance energy

According to Jin10, as of 8:30 p.m. Beijing time on October 23, WTI crude oil futures rose 4.27%, while U.S. natural gas futures fell 2.01%.

According to Jin10 Futures, as of 20:30 Beijing time on October 23, NYMEX gold futures fell 0.46%, silver futures declined 2.08%, and copper futures rose 1.20%.

Major U.S. airlines reported fewer passengers flying this year even as airfare surged more than 22% in September, with executives prioritizing higher ticket prices over filling planes. The number of people screened at U.S. airport checkpoints is on track for its first annual decline since 2020,

According to the latest data, the number of people screened at U.S. airport checkpoints is on track for its first annual decline since 2020, with approximately 9.3 million fewer passengers processed from April through late October compared to the same period in 2025. Airfare prices in September

According to Guru Club, international oil prices rallied on October 23, with WTI crude futures rising 2.14% to $101.6 per barrel and Brent crude futures up 1.74% to $115.142 per barrel.

QCP Capital reported on Oct. 23 that rising funding costs for artificial intelligence infrastructure companies are weighing on technology stocks and the broader cryptocurrency market. CoreWeave bond yields surged to 15%, with credit strains spreading across the AI infrastructure sector. CoreWeave

According to the UAE Climate Ministry, on October 23, the UAE closed all beaches and coastal areas in Umm Al Quwain after discovering an oil tanker leaked in the Persian Gulf near the emirate's northern coast. The ministry stated the odor poses no health risk to residents, though specific details

According to China's National Development and Reform Commission, the government will continue implementing a minimum purchase price policy for wheat in major producing regions for the 2027-2028 crop year. The minimum purchase price for third-grade wheat produced in 2027-2028 is set at 119 yuan

According to reports on October 23, President Trump signed executive orders implementing two major policy measures. First, he suspended planned tariffs on wind turbines and their components for 180 days, directing the U.S. Trade Representative and Commerce Secretary to negotiate with trading

According to Bloomberg commodity strategist Mike McGlone on October 23, bitcoin, natural gas, gold, silver, platinum, palladium, lead, nickel, and iron ore have all exhibited a "rally-then-decline" pattern throughout 2026, with the trend potentially extending through year-end. McGlone added that

European natural gas futures rose to 94 euros per megawatt-hour on Friday (Oct. 24), marking the highest level since December 2022. The contract gained approximately 7 percent this week as ongoing Middle East tensions continue pressuring global supply amid Europe's peak energy

According to the Russian Central Bank, the central bank raised its average oil price forecast for 2026 to $72 per barrel from a previous estimate of $60 per barrel under the baseline scenario, marking a $12 increase from its earlier

According to Guru Club, Congo plans to raise Djeno crude oil exports to 237,000 barrels per day (bpd) in December, up from 215,000 bpd in November and the highest level since October. N'Kossa crude exports are expected to decline to 31,000 bpd in December from 63,000 bpd in November.