Commodities (Crude Oil & Copper) & Macro Outlook

According to Beating, copper prices in Taizhou's scrap market surged to 90,000–100,000 yuan per ton during July–August, traditionally a low season, with demand increasing two to threefold. High-quality inventory was often sold before arriving or even before processing. Regional producer Zhejiang Ju

According to Guru Club, China's commodity futures market saw broad gains in the overnight session on August 26, with oil seeds and oilseeds leading the rally. CZCE rapeseed meal rose 1.97%, while energy products gained across the board, with DCE LPG up 1.97%. Agricultural products also advanced, wit

According to Jin10, data released on August 26 showed the U.S. July PCE price index, the Federal Reserve's preferred inflation gauge, remained at 3.7% year-over-year, higher than economist expectations of 3.6%. The print marks the 65th consecutive month above the Fed's 2% target. Separately, the

According to the U.S. Energy Information Administration (EIA), American refinery utilization rates rose to their highest level since September 2018 in the latest week.

According to Jin10, intraday on August 26, WTI crude oil surged 1.00% to $81.50 per barrel, while Brent crude oil climbed 1.00% to $86.72 per barrel.

According to EIA data, U.S. gasoline production in the week ended August 21 reached 9.92 million barrels per day, up from 9.54 million barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), distillate fuel oil production rose to 5.6293 million barrels per day for the week ended August 21, up from 5.5536 million barrels per day in the prior week.

According to the U.S. Energy Information Administration, American crude oil production rose to 19.987 million barrels per day for the week ending August 21, up from 19.794 million barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), refinery product supplied declined by 2.228 million barrels for the week ended August 21, compared to a decrease of 1.53 million barrels in the previous week.

According to EIA data, U.S. crude oil imports for the week ended August 21 fell by 161,000 barrels, compared to a decline of 1.754 million barrels in the previous week.

U.S. crude oil inventory declined by 95,000 barrels for the week ending August 21, according to the Energy Information Administration (EIA), falling short of market expectations of 597,000 barrels and contrasting with the previous week's build of 4.405 million barrels.

According to the U.S. Energy Information Administration (EIA), refining oil inventories declined by 22.28 million barrels in the week of August 21, compared with a decline of 15.3 million barrels in the previous week.

According to the U.S. Energy Information Administration (EIA), refined oil inventories fell 222.8 million barrels for the week through August 21, beating expectations of a 157 million barrel decline and a prior week decrease of 153 million barrels.

According to EIA data, U.S. crude oil production fell by 0.2 thousand barrels per day in the week ended August 21, 2026, compared to 21.6 thousand barrels per day in the prior week.

According to EIA data, U.S. heating oil inventories rose 27,000 barrels for the week ending August 21, compared with a decline of 537,000 barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), crude oil inventories declined by 950,000 barrels for the week of August 21, compared with a previous build of 4.405 million barrels.

According to the U.S. Energy Information Administration (EIA), American crude oil inventories rose 95,000 barrels last week, significantly below Bloomberg consensus expectations of 2 million barrels and analyst forecasts of 1.39 million barrels. The prior week saw an increase of 4.405 million barrel

According to the U.S. Energy Information Administration (EIA), American gasoline inventories declined by 2.536 million barrels in the week ending August 21, reversing from the previous week's increase of 688,000 barrels.

According to EIA data, U.S. crude oil refinery inventories fell 2.228 million barrels for the week ending August 21, compared to a decline of 1.53 million barrels in the prior week.

According to EIA data, U.S. refined oil imports reached 275,000 barrels per day for the week ending August 21, rising from negative 258,000 barrels per day in the prior week.