Commodities (Crude Oil & Copper) & Macro Outlook

According to Baltic Exchange data, very large crude carriers (VLCC) shipping from Oman Bay to China surged to approximately 450 Worldscale this week, equivalent to 4.5 times normal baseline rates or $11.50 per barrel—the highest on record for the route. The spike coincides with escalating

Saudi Arabia's East-West Pipeline was shut down Thursday after an attack, with vessel traffic through the Strait of Hormuz dropping to 7 ships, according to reports. Iraq confirmed the drone attack originated from its territory. Saudi Arabia, at Iraq's request, has decided not to pursue immediate re

According to the International Energy Agency monthly report released on September 12, the IEA downgraded Russia's 2026 oil production forecast by 125,000 barrels per day to 8.7 million barrels per day, and lowered its 2027 forecast by 235,000 barrels per day to 8.6 million barrels per day. The

Lithium carbonate futures contract LC2701 fell sharply on September 11, plunging 9.74% intraday before closing down 4.99%, breaking through the 140,000 yuan per ton level. According to an industry association representative, production costs for some lithium carbonate manufacturers using

Australian uranium companies Bannerman Energy and Deep Yellow are advancing large-scale uranium mining projects in Namibia to capitalize on the global nuclear energy revival. Bannerman Energy expects to finalize a development agreement with China's

According to Guru Club, WTI crude oil fell below $97 per barrel on September 12, declining more than 3.8% during the trading day.

KB Securities analyst Im Jae-gyun assessed on the 12th that the Bank of Korea's probability of raising the base rate in October has decreased, though bond yield volatility remains inevitable depending on oil price movements. Im issued this analysis in a report titled 'Exchange Rate Decline Is

According to KB Securities on September 12, the Bank of Korea's monetary policy committee is unlikely to raise the base rate in October, despite earlier signals of possible further tightening. The analysis notes the neutral interest rate is estimated at 2.25–2.75%, making the current 3.00% base rate

According to Platts, European beet sugar prices in northwestern Europe hit €550 per ton (approximately $638) on September 3, the highest level since late September 2025, rising nearly 40% since year-start. The surge reflects tightening supplies as deteriorating beet crop conditions constrain

Bitcoin and Ethereum declined during the week ending September 11, pressured by rising oil prices and US Treasury yields that dampened investor appetite for risk assets. Bitcoin fell 3.90% to $76,568 as of the previous day, while Ethereum dropped 0.77% to $2,437, according to Xangle Research. The de

According to Junggle Research, Bitcoin fell 3.90% to $76,568 this week, while Ethereum declined 0.77% to $2,437, as rising oil prices and U.S. Treasury yields dampened risk asset sentiment. WTI crude surged above $100 per barrel amid prolonged U.S.-Iran tensions, while Brent crude also entered the $

According to Guru Club, WTI crude oil dropped 2% to $100.44 per barrel on September 12, while Brent crude retreated nearly 3% from its four-month high but remained above $104 per barrel.

According to a statement from Saudi Arabia's Energy Ministry on September 11, the country's East-West pipeline segments near Riyadh and Medina were attacked multiple times on the morning of September 10. The ministry announced preventive closure measures in response. The attacks resulted in

According to the American Automobile Association (AAA), U.S. diesel prices reached an all-time high of $6.06 per gallon on September 11, surpassing the previous peak of $5.82 set following Russia's full-scale invasion of Ukraine in 2022. The spike comes as Middle East tensions escalate and Ukraine c

International oil prices declined on the 11th as the International Energy Agency (IEA) warned that elevated prices could trigger demand destruction. West Texas Intermediate (WTI) crude for October delivery fell $2.43 (2.37%) to $100.05 per barrel on the New York Mercantile Exchange, marking the

Saudi Arabia's Energy Ministry shut down the East-West oil pipeline on Thursday morning, September 10, 2026, after the Riyadh and Medina sections suffered multiple attacks. The shutdown was implemented as a preventive measure following the assaults, which resulted in some injuries that received

According to China Central Television (CCTV), on September 11, Saudi Arabia's oil pipeline infrastructure in the Riyadh and Medina regions came under attack from unmanned drones originating from Iraq, resulting in personnel injuries and facility damage. The Saudi Foreign Ministry condemned the

On Friday (September 11), emerging markets ETF rose 1.25%, leading major asset class ETFs, while Brent oil fund fell 2.79%. U.S. equity ETFs also gained, with Dow Jones ETF up 0.97%, Nasdaq-100 ETF up 0.87%, and S&P 500 ETF up 0.85%. Real estate, convertible bonds, and gold ETFs each climbed at

On September 11, crude oil futures prices declined at the close. WTI crude for October delivery fell $2.43 to $100.05 per barrel, down 2.37%, while Brent crude for November delivery dropped $3.02 to $104.61 per barrel, down 2.81%.

According to a statement from Saudi Arabia's energy ministry on September 11, the Riyadh and Madinah segments of the country's East-West pipeline came under multiple attacks on the morning of September 10. The government has implemented preventive closure measures following the incident. The attacks