Commodities (Crude Oil & Copper) & Macro Outlook

According to Yonhapnews, crude oil prices surged on October 22 following attacks by Iran-backed Houthi militants on Saudi territory. West Texas Intermediate (WTI) crude for December delivery closed at $99.47 per barrel, up $2.32 or 2.39% from the previous session, marking its first rise in four

According to the White House, on October 22, President Trump invoked the Defense Production Act, designating domestic oil exploration, production, pipelines, storage, refining, and marine terminals as critical defense resources. The administration will use federal procurement, purchase

MSCI Emerging Markets Index fell 2.5% to its lowest level since July as of October 22, amid mixed U.S. technology earnings reports and cooling investor sentiment toward artificial intelligence. The Developing Countries Foreign Exchange Index declined 0.2%, with net oil-importing nations including

According to AAA data, gasoline prices in Michigan and Ohio jumped significantly on Wednesday following a refinery issue in the Chicago area. Michigan's average regular gasoline price rose 17 cents to $4.61 per gallon, while Ohio's price increased 10 cents to $4.08 per gallon, despite the state

According to Bloomberg, on Thursday (October 22), CBOT corn futures declined 0.65% to $4.6025 per bushel, while soybean oil futures rose 1.15%. CBOT wheat futures fell 0.56% to $6.2475 per bushel, and CBOT soybean futures gained 0.54% to $12.6525 per bushel. The Bloomberg Grains Index declined 0.25%

Brent crude rose $4 a barrel on October 22, reaching its highest level in five months, as international oil prices extended gains. Houthi militant attacks in the Middle East fueled concerns over potential disruptions to crude supply from the region. Brent Crude Reaches Five-Month High on October 2

Valero Energy reported record-high quarterly profit in Q3 2026, beating Wall Street expectations, driven by fuel supply disruptions caused by the wars in Iran and Ukraine. Diesel prices hit historic highs, while gasoline remained elevated, boosting refining margins for the company and squeezing

According to Interfax, Russia's Energy Ministry reported on October 23 that gasoline and diesel markets are showing positive changes following earlier compensation measures. Production has increased and inventory is accumulating, the ministry said following a meeting with Deputy Prime Minister

On October 22, WTI December crude oil futures closed at $99.47 per barrel. Meanwhile, NYMEX November natural gas futures settled at $2.7960 per million BTU, while November gasoline futures closed at $3.1765 per

Shanghai Futures Exchange crude oil futures contracts (2612) rose 1.6% overnight to 713.20 yuan per barrel. Meanwhile, Shanghai gold fell 1.88% and Shanghai silver declined 3.86% during the night session.

According to the U.S. Central Command, today marks the 100th day of resumed naval blockade operations against Iran, known as the "Steel Wall" initiative. The blockade has prevented at least $25 billion in Iranian crude oil exports and restricted Iran's Islamic Revolutionary Guard Corps' ability to f

According to Gate data, Brent crude oil (XBRUSD) broke through $114 per barrel, now trading at $114.03, up 3.5% in the past 24 hours.

India extended a duty-free tariff policy on 1 million tons of imported sugar through December 31, 2026, according to official sources. The policy exemption allows sugar imports to enter the country without customs duties during the extended

American Airlines (NASDAQ: AAL) reported $16.3 billion in third-quarter revenue on October 22, a 19.3% increase from last year, but soaring fuel expenses forced the carrier to abandon its remaining hopes of an adjusted profit in 2026. Fuel costs increased $1.9 billion, or 67.5%, during the quarter,

According to Brazil's state oil company PPSA, eight major mining, steel, and petrochemical companies including Vale, CSN, Gerdau, Braskem, Samarco, Ternium Brasil, Evonik, and Ingredion secured natural gas supply in an auction held Thursday. The auction marked PPSA's first direct sale of

Kalshi Inc. recently submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) to launch a crude oil futures contract that expires only once every 10 years. The contract would trade 24 hours a day, five days a week, and is designed to address regulatory concerns while

On Oct. 22 (Thursday), Brent crude jumped 2.6% to $111.66 a barrel, its highest level in five months, as the Nasdaq fell 1.5% and the S&P 500 lost 0.8% by mid-morning in New York. The selloff extended across Asia: South Korea's Kospi fell 3.52%, Japan's Nikkei 225 dropped 2.65%, and Hong Kong's

According to Reuters and three sources, at a recent earnings call Nickel Industries' executive Justin Werner stated that all operations within Indonesia's Morowali Industrial Park (IMIP) will implement coordinated production cuts, though he did not disclose the specific percentage. The company

According to Chile's Finance Minister Jorge Quiroz speaking at the Enagro 2026 agricultural conference on Wednesday, the country's mining output is now projected to contract 8%-9% this year, down from his previous estimate of around 7%. The revised downward forecast underscores deepening

According to ICE data, on Thursday (Oct 22) European natural gas futures surged in the closing session. ICE UK Natural Gas futures climbed 4.01% to 223.850 pence per therm, reaching an intraday high of 225.280 pence at 21:13 GMT, surpassing Oct 20's peak of 222.600 pence. TTF Dutch Natural Gas futur