Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, U.S. wheat futures rose 4.00% intraday on Aug 26, trading at 731.50 cents per bushel, while corn futures gained over 2.00% to 534.00 cents per bushel.

According to Gate data, Brent crude oil rose over 2% intraday to $87.58 per barrel on August 26. WTI crude also climbed 2% to $82.30 per barrel during the same period.

According to Yonhapinfomax, U.S. President Donald Trump predicted on August 26 that the conflict with Iran will end "fairly soon," citing restored navigation through the Strait of Hormuz and removal of all mines from the waterway. Trump said 10 million barrels of oil passed through the strait the pr

SC crude oil futures contracts rallied more than 2% during intraday trading on August 26, with prices reaching 575.80 yuan per barrel.

According to media reports citing sources, Russia's Novatek refinery halted crude oil processing on August 26 following drone strikes.

According to three sources, Russia's Norsi refinery halted crude oil processing after drone strikes on August 26.

According to Guru Club, WTI crude oil futures recovered more than 3% of their intraday losses on Aug 26, rising 0.06% to settle at $82.41 per barrel.

According to media reports, Indian oil tanker HAANA recently attempted to transit through the Oman Corridor, an alternative southern route south of the Strait of Hormuz, but was forced to abandon passage after receiving a

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.