Commodities (Crude Oil & Copper) & Macro Outlook

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.

According to Russian presidential spokesman Peskov, Russia has dispatched its first tanker loaded with diesel to the United States today (October 23). The supplies are launched under a bilateral agreement between Russia and the U.S., with further deliveries to proceed according to

According to an announcement from the Dalian Commodity Exchange on October 23, the trading margin requirement for lean hog futures contract LH2701 will be adjusted from 8% to 10% effective from the settlement on October 27, 2026. The exchange will apply the higher margin level where applicable

WTI crude oil expanded gains to 2.00% during intraday trading on October 23, reaching $100.64 per barrel.

According to Guang Da Futures analysis, fuel oil futures surged on October 22, with the FU2701 contract rising over 2% overnight and advancing further to a peak intraday gain of 6%; the low-sulfur LU2612 contract also climbed nearly 6%, indicating broad strength across the sector. The rally was

According to Shanghai Futures Exchange announcement, the exchange will expand arbitrage order-eligible varieties effective November 2, 2026. The expansion adds 10 products: aluminum, zinc, lead, nickel, tin, alumina, silver, stainless steel, butadiene rubber, and pulp futures. The move aims to

According to Jin10, Middle East crude oil spot prices declined as of October 23, with Iraqi Basra crude selling at a discount of nearly $10 per barrel to Dubai benchmark in ship-to-ship transfers through the Oman Gulf. Asian refineries reported increased spot offerings in recent days, with sellers m

According to Bitcoin Magazine, on Thursday, October 22, Bitcoin fell nearly 4% to lows of $81,331 after oil prices jumped above $110, triggering inflation concerns. The cryptocurrency had climbed near $85,000 on Wednesday following tech stock gains, but Middle East tensions and Houthi attacks on

According to Shanghai Futures Exchange (SHFE), this week copper inventory decreased 19,606 tons, aluminum fell 24,114 tons, and lead dropped 23,761 tons. Zinc inventory declined 6,870 tons, nickel down 1,160 tons, and tin fell 814 tons. Natural rubber inventory rose 2,732 tons.

International gold spot prices fell below $4,000 per ounce on October 23, dropping to an intraday low of $3,986.77 according to Yonhap Infomax. The decline marked the first time gold traded under $4,000 since July 17, three months earlier. The drop occurred amid surging oil prices triggered by

Economist Mohamed El-Erian stated on local time 22nd that the US Treasury market is exhibiting typical safe-haven behavior amid tech stock volatility. El-Erian posted on X (formerly Twitter) that this pattern has not been observed for quite a while. The shift comes as concerns surrounding tech stock

The Nasdaq 100 climbed to its first record since June on US Stock Market News today, driven by a renewed rally in chipmakers, with the tech-heavy gauge rising 0.8% on September 22, 2026 at 8:22 PM UTC (September 23, 2026 at 5:52 AM IST). Sentiment was bolstered by a drop in oil prices amid hopes

According to Saxo Bank, U.S. 10-year Treasury yields broke below 5% today as AI investment return concerns triggered a broad risk-off shift. Brent crude oil climbed to $114 per barrel amid geopolitical tensions in the Middle East. The bank noted that changing risk sentiment is reshaping debt and

According to Jin10, the Shanghai Futures Exchange released warehouse receipt data for precious and non-ferrous metals on October 23. Copper futures warehouse receipts stood at 19,058 tonnes, down 4,729 tonnes from the previous trading day. Aluminum futures receipts decreased by 2,719 tonnes to 68,24

According to Jin10 on October 23, Shanghai Futures Exchange energy and chemical commodity warehouse inventories showed mixed changes. Pulp futures warehouse inventory increased to 423,493 tonnes (up 10,167 tonnes), while fuel oil futures surged 16,000 tonnes to 56,000 tonnes. Other tracked

According to IEA Director Fatih Birol, European natural gas storage has fallen to historic lows as the continent enters winter on October 23. Birol warned that Europe is particularly vulnerable and can no longer withstand further supply shocks, noting that the region depends heavily on Middle

At midday close today (October 23), China's commodity futures showed mixed performance. Fuel oil and LPG led gains, each rising over 6%, followed by low-sulfur fuel oil (LU) up 5% and propylene up nearly 5%. Polypropylene, pure benzene, SC crude oil,

US tech stocks dropped sharply on Thursday in US Stock Market News as investors expressed concern over the sustainability of companies' enormous capital investments in artificial intelligence. The Nasdaq Composite fell 2.6 percent on Thursday, its steepest decline since June 5 when the index

According to Jin10, on October 23, Japan's government released its 2025 fiscal year energy white paper, highlighting how deteriorating Middle East conditions have exposed vulnerabilities in the nation's energy supply chain. The report noted that over 90% of Japan's crude oil imports rely on the Midd