Commodities (Crude Oil & Copper) & Macro Outlook

According to Iran's state television, Iran on September 8 warned oil tankers near the coasts of Kuwait and Bahrain to evacuate. The Iranian national broadcaster issued the warning without providing further details on the reason or timeframe for the

According to Iran's Revolutionary Guards Navy (via Sepahnews), on September 9, the force threatened to strike all tankers docked at and anchored in ports of Kuwait and Bahrain, citing retaliation for reported U.S. military attacks on Iranian oil tankers. The Guards called on crews to evacuate

On Tuesday, September 8, during the New York close, ICE Arabica coffee futures fell 3.22%, while cocoa futures declined 4.22% to $5,927 per metric ton. Chicago WCE canola futures rose 2.27%, and ICE cotton futures

According to Citi data, U.S. corporate earnings forecasts have been revised upward for 21 consecutive weeks, marking the longest stretch since September 2021. Despite headwinds from elevated inflation and interest rate expectations, the S&P 500 remains just 1% below its all-time high, supported by s

According to CBOT data, soybean oil futures on the Chicago Board of Trade rose 2.11% on Tuesday (September 8) at New York close. Meanwhile, CBOT soybean futures gained 0.53% to $13.1675 per bushel, while soybean meal futures

According to Jerusalem Post, the U.S. is currently attacking Iranian oil tankers, as reported by i24 correspondent on September 8.

Bitcoin traded at $78,524 Tuesday, down 0.72%, while the S&P 500 closed at 7,689.80, off 0.37%, as oil prices pushed toward $100 a barrel on renewed U.S.-Iran fighting in the Strait of Hormuz. The declines followed Friday's August jobs report showing U.S. employers added 162,000 positions, nearly tr

According to market data on Tuesday, Bitcoin traded at $78,524, down 0.72%, while the S&P 500 fell 0.37% to 7,689.80 as oil prices pushed toward $100 a barrel on U.S.-Iran tensions in the Strait of Hormuz. The decline followed Friday's August jobs report, which showed U.S. employers added 162,000 p

International gold prices declined nearly 1% on September 8 (US Eastern Time), with December delivery gold futures falling $36.80 to $4,439.80 per troy ounce as of 11:59 AM at COMEX. The decline was driven by inflation concerns stemming from persistently high international oil prices, which create d

WTI October crude futures closed at $93.03 per barrel today, while Abu Dhabi Murban crude futures rose 3.07% to $110.05 per barrel.

According to Shanghai Futures Exchange, crude oil futures 2610 contract closed up 1.62% at 714.70 yuan per barrel during overnight trading on September 8. Shanghai gold fell 0.7%, while Shanghai silver

Brent crude oil crossed $100 a barrel on Tuesday after Houthi forces attacked Saudi energy infrastructure in the Jazan area, where Saudi Aramco operates a refinery processing approximately 400,000 barrels per day. The global benchmark briefly reached $100.03, marking its first move above that

Brent crude briefly crossed $100 a barrel on Tuesday (Sept 8), marking its first move above the level in roughly three months, as Houthi attacks on Saudi energy infrastructure in the Jazan area raised supply concerns. The Saudi Aramco refinery targeted in the attacks has a daily processing

On September 8, London Metal Exchange (LME) futures closed with mixed performance. Copper rose $199 to $14,708 per ton, nickel surged $153 to $16,868 per ton, while cobalt fell sharply by $1,250 to $43,690 per ton and tin dropped $279 to $54,862 per ton. Aluminum gained $29 to $3,341 per ton, zinc a

According to Bloomberg, OPEC crude production fell significantly in August, declining by 900,000 barrels per day to 19.91 million bpd, reversing two months of recovery. Saudi Arabia, the group's largest producer, saw output drop by over 1 million bpd as both of its main export routes faced

Bank of England Governor Andrew Bailey warned on May 8 (local time) that inflation risks remain tilted to the upside due to elevated energy prices, testifying before the UK Parliament's lower house. Bailey attributed the inflationary pressures to ongoing conflicts that continue to generate high ener

Bank of England Governor Andrew Bailey warned on September 8 that inflation risks from elevated energy prices remain tilted to the upside, citing ongoing regional conflicts driving higher energy costs and significant volatility spilling into financial markets. Speaking in testimony to the House of

According to European Commission meeting minutes, the EU Oil Coordinating Group stated today that the bloc faces no urgent concerns regarding oil supply security. Geopolitical tensions in the Middle East continue to drive price volatility in crude oil and petroleum products, particularly aviation

U.S. Strategic Petroleum Reserve crude oil inventories declined by approximately 1.2 million barrels last week, falling to 285.4 million barrels, marking the lowest level since 1982.

On Wednesday August 6 during European close, ICE UK natural gas futures rose 4.44% to hit an intraday high of 190.350 pence per therm. TTF Dutch natural gas futures jumped 4.65%, reaching an intraday peak of 76.789 euros per