Commodities (Crude Oil & Copper) & Macro Outlook

According to market data reported on Wednesday (Oct. 22), Chicago Board of Trade (CBOT) soft red winter wheat futures closed lower as fund selling and technical selling pressured the market. The benchmark contract fell 2.3%, driven by renewed diplomatic talks that sparked market expectations of an e

According to Jin10 Futures on October 22, U.S. equity indices rose overnight: the Dow Jones Industrial Average gained 0.69% to 52,856.09, the S&P 500 rose 0.58% to 7,757.17, and the Nasdaq-100 climbed 1.05% to 26,702.86. IBM surged over 3% and Nvidia gained over 2%, leading the Dow; semiconductors a

The USD/KRW exchange rate closed at 1,326.20 won on October 22, up 1.00 won from the previous Seoul trading session close of 1,325.20 won, as global dollar weakness pressured the currency pair. The won strengthened after South Korea's customs agency reported exports of $61.6 billion for October 1-20

West Texas Intermediate (WTI) crude oil for November delivery closed at $97.15 per barrel on October 21 (US Eastern Time), down $0.67 (0.68%) from the previous session, as expectations grew for resumed negotiations to end the Ukraine war. However, WTI reversed higher after settlement,

According to Jin10, on October 22 close, crude oil futures prices moved in mixed directions. WTI crude oil for December delivery fell 67 cents to $97.15 per barrel, down 0.68%, while Brent crude oil for December delivery gained 3 cents to $108.82 per barrel,

According to Bloomberg commodity data, CBOT wheat futures declined 2.29% to $6.2825 per bushel on Wednesday (Oct. 21). The Bloomberg grain commodities index fell 0.85% to 30.9716 points as of New York close and continued sliding in Asian early trading, reaching 30.6129 points by Beijing

US Stock Market News shows major indices closing lower on Tue, Sep 8 2026 after the Labor Day holiday, with the Dow shedding approximately 600 points amid rising oil prices and inflation concerns. The S&P 500 declined 0.3% in Tuesday's session, marking what would be the 10th straight year of post-La

According to Bloomberg TV, CME Group CEO Terry Duffy stated that geopolitical tensions have had too significant an impact on U.S. inflation.

According to Saudi Press Agency (SPA), a drone strike hit a Saudi Aramco oil field on October 21, killing two people.

According to Saudi Energy Ministry, Saudi defense forces intercepted a drone attempting to attack Shaybah oil field facilities on October 21. Operations at the oil field were not affected following the

According to Bloomberg, U.S.-Mexico trade negotiations have stalled over steel and aluminum tariffs, derailing previous optimism about an imminent agreement. Recent talks have cooled as U.S. officials, including Commerce Secretary Lyle

Shanghai Futures Exchange crude oil contract 2612 closed down 1.50% overnight at 690.30 yuan per barrel. Shanghai gold rose 0.29%, while Shanghai silver fell 0.06%.

According to Xinhua, China and Russia's premiers issued a joint communique on Oct 22, pledging to deepen cooperation in oil, natural gas, coal, and power sectors. The two countries committed to advancing interconnection of energy infrastructure and ensuring safe and reliable operation of

According to CME CEO Terry Duffy, the Chicago Mercantile Exchange halted plans for round-the-clock crude oil futures this month because commercial clients refused to staff trading desks on weekends. The derivatives exchange cancelled the contract launch after the U.S. Commodity Futures Trading

According to Reuters, WTI Midland crude oil spreads in European markets rose this week as buying interest recovered following a decline since last weekend. In a reported transaction, Gunvor purchased November 21-25 delivery barrels from Occidental Petroleum at a cost, freight, and insurance (CIF) pr

Shanghai nickel futures rose 2.93% and stainless steel climbed 2.11% overnight on Oct. 20. Other metals showed mixed performance: international copper fell 0.18%, Shanghai copper declined 0.15%, while Shanghai aluminum, zinc, lead, and tin rose 1.44%, 0.59%, 0.09%, and 0.11%, respectively.

Iraqi oil company Gulf Keystone plans to increase daily crude production at its Shaikan oilfield from approximately 45,000 barrels per day to over 90,000 barrels per day by 2030 if drilling operations begin next

LME copper futures fell $64 to $14,356 per ton today (Oct 21), weighed down by rising inventory. LME nickel surged $572 to $16,234 per ton. Aluminum rose $39 to $3,042 per ton; zinc gained $30 to $3,755 per ton; lead up $16 to $1,910 per ton. Tin declined $86 to $51,248 per ton, while cobalt

On Wednesday, Oct 21, ICE UK natural gas futures rose 2.12% to 213.800 pence per therm during European afternoon trading, with intraday peak reaching 218.870 pence. TTF Dutch natural gas futures climbed 0.26% to 86.550 euros per megawatt-hour, also approaching intraday highs of 88.987 euros. EU

Angola's preliminary December crude oil export plan shows 32 cargoes loaded, up from 28 cargoes in November, according to the export schedule.