Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, on Aug 31, WTI crude for October delivery closed at $85.76 per barrel, up $2.36 or 2.83%, while Brent crude for November delivery rose $2.39 to $90.49 per barrel, gaining 2.71%.

The U.S. Environmental Protection Agency (EPA) announced it will propose reallocating the full difference between small refinery estimated and actual exemptions for 2026 and 2027 under fuel ethanol blending mandate

According to Yonhapnews, on August 30, President Trump posted an AI-generated video on Truth Social depicting the bombing of Kharg Island, Iran's critical oil export hub. The video was accompanied by the caption "Kharg Island is being destroyed." Vice President JD Vance confirmed on August 31 that T

U.S. stock markets opened lower on Monday, August 31, as surging oil prices and rising Treasury yields revived inflation concerns. The S&P 500 declined 0.18% to 7,697.52, while the Dow Jones Industrial Average fell 97.4 points to 53,462.6. The Nasdaq Composite slipped 0.17% to 26,358.56. Brent

According to TankerTrackers, Arab nations have transported an average of 6.92 million barrels of crude oil daily outside U.S. Navy blockade lines over the past 28 days. Of this volume, 2.53 million barrels per day originated from oil terminals along the Oman coast, while the remaining 4.39 million b

Shanghai Futures Exchange crude oil 2610 contract rose 3.36% overnight to 637.20 yuan per barrel. Shanghai gold and silver fell 1.88% and 2.74% respectively during the same session.

The average rate on the 30-year fixed mortgage jumped to 6.87% on Monday, the highest level since June 2025, according to Mortgage News Daily. The increase follows renewed hostilities in the Iran war that pushed oil prices higher, driving bond yields up and mortgage rates along with them. This

According to Mortgage News Daily, the average 30-year fixed mortgage rate jumped 6 basis points to 6.87% on Monday, marking its highest level since June 2025, as renewed hostilities in the Iran war pushed oil prices higher and drove bond yields up. The rate has climbed 12 basis points since

From 17:30 to 17:45 UTC on August 31, 2026, BTC rose 0.47% over the short term, trading in a range of 78,538.6–79,000.0 USDT, with an amplitude of 0.59%. The 24-hour loss narrowed to 0.56%, while the price remained near $78,743.5, moving sideways within the $77,000–$79,200 range amid a clear standoff between bulls and bears. The primary driver of this volatility was the direct escalation of the US-Iran military conflict. The US launched airstrikes against rocket launchers on Iran’s Larak Island

According to Wells Fargo analyst Timna Tanners, Canada's recent retaliatory tariffs on U.S. steel and aluminum products are largely symbolic in nature. Tanners noted that rising Canadian steel prices have incentivized domestic producers to retain output for the domestic market rather than export to

The MSCI Emerging Markets Index rose 3.3% in August, marking its best performance for the month since 2004. The rally was driven by broadening gains beyond top artificial intelligence stocks, supported by a commodities rally fueled by dollar weakness. Global investors have increased allocations to e

According to CNBC, President Trump will meet with oil refiners and fuel dealers on Tuesday, September 1, to discuss expanding refining capacity and lowering gasoline prices.

Iran's deputy parliament speaker called for targeting all oil-exporting countries as a strategy to increase economic pressure on the United States. The statement comes amid heightened geopolitical tensions and ongoing sanctions that have already impacted Iran's oil exports. The deputy speaker's

According to Iran's deputy parliament speaker, the country should target all oil-exporting nations as a strategy to increase economic pressure on the United States, amid ongoing geopolitical tensions and sanctions affecting Iranian oil exports. Brent crude oil is currently trading at

Last week, the U.S. Strategic Petroleum Reserve (SPR) declined by approximately 3.1 million barrels, falling to 286.6 million barrels.

On August 31, European natural gas futures closed mixed as markets wrapped up August gains. TTF benchmark Dutch natural gas futures surged 5.66% to 70.059 euros per megawatt-hour, with August month-to-date gains of 18.74% after bottoming at 51.665 euros on August 5. ICE UK natural gas futures

According to ChainCatcher, BlackRock's BUIDL fund assets reached approximately $2.8 billion by late August, reclaiming the top position as the largest tokenized U.S. Treasury product and surpassing Circle's USYC. BUIDL accounts for 18.5% of the $15.1 billion tokenized Treasury market. The fund,

According to Bloomberg Commodity Index data, agricultural commodity prices surged 13% in August through Friday, on track for the largest monthly gain since July 2012, driven by war-disrupted supply and extreme weather concerns. Wheat prices hit three-year highs as Black Sea port attacks blocked

According to Jin10, U.S. natural gas futures rose slightly on August 31 as weather forecasts predict higher-than-normal temperatures over the coming weeks, boosting cooling demand and air conditioning usage among consumers. The restart of Texas Freeport liquefied natural gas plant following

According to sources, Russia's Yaroslavl refinery sustained a drone attack on August 28, resulting in two of its three crude oil distillation units halting operations. The facility's crude processing capacity has been significantly impacted by the