Commodities (Crude Oil & Copper) & Macro Outlook

According to senior Trump administration officials, import tariffs targeting Canadian products will take effect in roughly three weeks, as reported on September 8.

According to Jin10, U.S. stocks fell overnight on September 9, with the Dow dropping 1.18% to 52,786.07 points, the S&P 500 declining 0.58% to 7,673.52 points, and the Nasdaq falling 0.32% to 26,421.41 points. The tech sector showed divergence: optical communication stocks surged with Lumentum

IBK Securities maintained S-Oil as its top pick in the refining sector, arguing that rising interest rates—typically viewed as a headwind for refining stocks—may instead raise the scarcity value of existing refining capacity. Analyst Lee Dong-wook stated that high rates constrain new refinery

According to IBK Investment & Securities on September 9, higher interest rates, typically viewed as negative for oil stocks, may actually increase the relative value of S-Oil's existing refining infrastructure. The firm maintained S-Oil as its top pick in the refining sector. Analyst Lee Dong-wook n

According to Korea Securities Depository, Korean retail investors net bought $110.15 million in iShares 0-3 Month Treasury Bond ETF (SGOV) during the week of August 29 to September 4, ranking first among retail investor purchases. The product also ranked third globally for net inflows at $2.031

According to the White House, products imported before September 29, 2026 but not yet consumed or withdrawn from warehouses will continue to be subject to a 50% tariff.

According to Guru Club survey data, OPEC member crude oil supply fell by 900,000 barrels per day (B/D) in August, dropping to an average of 19.91 million B/D. Saudi Arabia's August crude production declined to 6.98 million B/D, marking the lowest level since May. The declines were driven by

According to CNBC, on September 3, major online travel platforms fell sharply following a roughly 2% surge in October gasoline futures on the New York Mercantile Exchange. Expedia Group (NAS: EXPE) declined 7.88% to $274.55, while Booking Holdings (NAS: BKNG) dropped 6.72% to $180.30, as investors c

Canada applied counter-tariffs of 15%, 25% and 50% to C$27.6 billion of US-origin goods at 12:01 a.m. on September 8, according to the Department of Finance Canada. The measures match US Section 338 tariffs "dollar for dollar" with additional products from sectors affected by Section 232 duties.

According to the Department of Finance Canada, Canada began applying counter-tariffs of 15%, 25%, and 50% to C$27.6 billion of U.S.-origin goods at 12:01 a.m. on September 8. The measures match U.S. Section 338 tariffs dollar-for-dollar, with additional products from sectors affected by Section 232

U.S. Secretary of State Marco Rubio warned on September 8 that any Iranian attempt to attack American naval vessels will result in strikes against Iranian oil tankers. The statement represents an escalation of existing tensions between the two nations over maritime security in contested

According to U.S. Central Command, on September 8, U.S. forces destroyed five Iranian oil tankers. The action followed two ballistic missile attacks on a U.S. Navy warship by Iran's Revolutionary Guards over the preceding two days. The American vessel successfully evaded both Iranian attacks and co

US Treasury prices fell for a second consecutive trading session on September 8, with the 10-year yield rising 2.10 basis points to 4.8050% as of 3:00 PM Eastern Time. Oil prices climbed 1.69% to $93.03 per barrel for West Texas Intermediate October futures—the sixth straight trading day of gains

Korean stock market margin trading balances surged 15% in August as the KOSPI benchmark approached the 7000 level, according to data from the Korea Financial Investment Association released on September 8th. Credit-financed stock purchases reached 33.2

Iranian state media reported multiple explosions at Kharg Island and the Jask region on the 8th local time, with one outlet attributing a tanker strike to US forces. Semi-official Mehr News Agency said explosion sounds were heard in the anchorage area of Kharg Island, Iran's primary oil export hub t

Brian Kelly created Bracket22, a trading firm powered entirely by agentic artificial intelligence, after closing his cryptocurrency hedge fund in early 2025. Kelly reduced his annual labor-related costs from approximately $5 million to between $30,000 and $40,000 by replacing his seven to eight

According to Iran's semi-official Mehr News Agency, multiple explosions were heard at Kharg Island, a major Iranian crude oil export facility, on September 8 (local time). The agency reported that the sounds came from the anchorage area but stated no official information about the source, cause, or

According to Politico, citing sources, U.S. Commerce Secretary Lutnick is set to meet with Mexican President Sheinbaum and Economy Minister Ebrard on Wednesday (Sept. 9) to discuss U.S. tariffs on Mexican autos and

According to eDaily, Brent crude breached $99 per barrel during intraday trading on September 8, marking its highest level since July, as geopolitical tensions escalated in the Middle East. The futures market closed at $97.92, up 0.9%, then surged back to $99 levels post-close. Reports cited by

According to Asia Economy, on September 8, Houthi militants launched a major retaliatory strike on Saudi Aramco facilities and military airfields, causing international crude oil prices to spike amid inflation concerns. Brent crude jumped to $99.46 per barrel intraday, marking its highest level sin