Commodities (Crude Oil & Copper) & Macro Outlook

According to the Intercontinental Exchange, natural gas speculators' net long positions decreased by 3,223 contracts to 89,299 contracts for the week ending August 25.

According to the Intercontinental Exchange (ICE), speculators held 70,766 net long contracts in sugar futures during the week of August 25, marking a historic high. The figure represents the largest speculative long position on record for the

According to trade.xyz, the company and Hyperliquid jointly submitted comments to the U.S. Commodity Futures Trading Commission, urging the establishment of a regulated U.S. market pathway for energy perpetual contracts and 24/7 trading. The companies noted that during recent crude oil market

According to Moneydj, in late August 2026, U.S. rare earth producers secured significant government backing. MP Materials received a $400 million convertible preferred stock investment from the U.S. Department of Defense, along with a 10-year price guarantee of $110 per kilogram for

According to Baker Hughes, the number of U.S. energy company drilling rigs remained unchanged in the latest week.

The U.S. oil drilling count declined to 447 in the week of August 28, compared with 452 the prior week, according to energy data.

This week ending August 28, the total number of U.S. oil drilling rigs fell to 447, compared to 452 in the prior week, according to drilling data.

The U.S. oil rig count remained unchanged at 588 for the week of Aug 28, holding steady from the previous week's 588.

U.S. natural gas rig count rose to 132 in the week ending August 28, up from 127 in the previous week, according to energy data.

According to Copper Giant Resources Corp., on Thursday, directional hole MD-070 intercepted 771 meters grading 0.54% copper equivalent (CuEq) at its Mocoa flagship project in southern Colombia. The interval, which began 211 meters downhole, contained 0.33% copper and 0.039% molybdenum, with a

LME metals futures closed with mixed movements on August 28. Copper gained $12 to $14,294 per ton, while aluminum rose $8 to $3,242. Zinc, lead, nickel, and tin all declined, with zinc down $1 to $3,883, lead falling $10 to $1,906, nickel dropping $17 to $16,861, and tin losing $131 to $55,223 per t

The U.S. oil rig count for the week ending August 28 is set to be announced in approximately 10 minutes.

According to Washington Post, the United States will hold stakes in 17 oil fields in Venezuela.

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

Copper Giant Resources Corp. reported Thursday that directional drill hole MD-070 returned 771 meters grading 0.54% copper equivalent at its Mocoa project in southern Colombia. The interval began 211 meters downhole and contained 0.33% copper and 0.039% molybdenum, with higher-grade cores

Between 15:30 and 15:45 UTC on August 28, 2026, BTC plunged 0.68% in 15 minutes, trading between 78,777 and 79,354 USDT, with a price amplitude of 0.73%. Market volatility intensified, and clear short-term selling pressure emerged. The move was primarily driven by a combination of bearish macroeconomic factors. First, Fed Chair Warsh sent hawkish signals at the Jackson Hole meeting, suggesting that inflation remains elevated and that further rate hikes may be necessary, directly pressuring risk-

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: