Commodities (Crude Oil & Copper) & Macro Outlook

According to the International Monetary Fund and recent economic data, global economic resilience in the face of geopolitical tensions and supply disruptions is being sustained primarily by artificial intelligence-driven demand. IMF Managing Director Kristalina Georgieva noted this week that AI is e

According to a Bloomberg survey of 31 economists, eurozone inflation is expected to rise to 3.3% year-over-year in August, the highest level since 2023, up from 2.9% in July. The increase is primarily driven by rising energy costs stemming from ongoing Middle East tensions. Data from major eurozone

According to sources, Russia's gasoline production fell to approximately 70% of domestic consumption at the end of August.

According to JPMorgan's July 24 report titled "Food Security is National Security," global food inflation could hit roughly 5% on an annualized basis in the first half of 2027, nearly doubling from an estimated 2.8% in the same period of 2026. The bank attributes the surge to two main factors:

According to Guru Club, China's coal futures rallied on Aug 28, with coke coal 2701 contract climbing 3% to 1,672 yuan per ton and coke 2701 contract rising 2.54% to 2,204 yuan per ton.

According to U.S. Senate Minority Leader Chuck Schumer, six months have elapsed since President Trump initiated the war with Iran, which has placed American service members at risk, driven oil prices higher, and created global

According to Kitco News, Copper Giant Resources Corp. reported Thursday that directional hole MD-070 returned 771 meters grading 0.54% copper equivalent at its flagship Mocoa project in southern Colombia. The mineralized interval, which began at 211 meters downhole, contained 0.33% copper

According to Kitco News, spot gold traded near $4,593.20, down 0.16%, while silver rose 1.50% to $70.17 in early Friday trading (Aug 28) as markets awaited Fed Chair Kevin Warsh's Jackson Hole keynote speech and the Labor Department's preliminary payroll benchmark revision, both scheduled for 10 a.m

SC crude oil futures main contract rose more than 2% intraday on August 28, trading at 604.30 yuan per barrel.

According to Guru Club, U.S. wheat futures rose over 2% on August 28, reaching 776.00 cents per bushel.

According to the Wall Street Journal, Chevron is set to expand its long-term operations in Venezuela by adding two heavy oil fields to its portfolio, according to people familiar with the matter.

Fuel oil futures contracts fell 2% to 3,595 yuan per ton during intraday trading on August 28.

On Friday morning, U.S. stock index futures showed mixed movements and oil prices retreated, as markets awaited Federal Reserve Chair Powell's speech for policy guidance. South Korea's central bank delivered a hawkish rate hike, pushing the won to a 13-month high, with the central bank governor

According to a JPMorgan report published on July 24, the bank projects global food inflation could reach approximately 5% on an annualized basis in the first half of 2027, nearly doubling from an estimated 2.8% in the first half of 2026. Two key factors are driving the forecast: disruption to the f

According to Goldman Sachs, Gulf oil and petroleum product exports have recovered to approximately 15 to 16 million barrels per day on Friday, representing roughly two-thirds of pre-war levels around 22 to 24 million bpd. The rebound marks a substantial improvement from March lows of 5 to 6 million

According to Trump's remarks on August 25, the U.S. Treasury announced Operation Economic Outcast, a sweeping expansion of secondary sanctions against Iran designating over 60 entities across five sectors: digital assets, technology, gold, aviation, and shipping. Trump hinted at potential sanctions

According to Mysteel, China's soybean crush volume reached 2.32 million tons during the week of Aug 22-28, up 1.07 million tons week-on-week with an actual operating rate of 64%. Meanwhile, China Coal Transport Association data showed coking coal inventory at major monitored enterprises

According to a statement by the German government on August 28, natural gas operators are actively filling storage facilities. Germany's natural gas storage capacity has reached 51.64% full, with operators injecting substantial volumes in recent days. The government aims to increase storage to 70% o

Brent crude oil fell to around $89.45 a barrel Friday, down roughly 5.3% for the week, while WTI traded near $83.31, down about 4.3%, according to Reuters. The declines would mark the first weekly loss in three weeks for both benchmarks. Traders weighed expectations for improved shipping through the

According to Reuters, Brent crude fell to around $89.45 a barrel on Friday, Aug. 29, posting a 5.3% weekly decline, while West Texas Intermediate traded near $83.31 and headed for a 4.3% weekly loss, breaking a two-week winning streak. The decline reflects trader expectations that diplomacy could ea