Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration (EIA), refined oil inventory rose 1.675 million barrels in the week of October 16, reversing the prior week's decline of 2.527 million barrels.

According to EIA data, Cushing area crude oil inventories declined by 987,000 barrels for the week of October 16, compared to an increase of 1.862 million barrels in the previous week.

According to the U.S. Energy Information Administration (EIA), American crude oil inventories declined by 3.06 million barrels last week, falling short of Bloomberg users' forecast of 3.5 million barrels. The previous week saw a sharper decline of 8.557 million barrels.

According to EIA data, U.S. gasoline production rose to 518,000 barrels per day in the week ending October 16, compared with the previous week's decline of 117,000 barrels per day.

According to data provider Kpler, Middle East oil shipments reached 24.6 million barrels per day as of the week ending October 18, showing resilience despite escalating Iranian attacks on commercial vessels in the Strait of Hormuz. However, transport volumes remain volatile, with October-to-date

According to the U.S. Energy Information Administration (EIA), U.S. refinery crude oil inventories rose 1.675 million barrels for the week ended October 16, beating expectations of a 1.162 million barrel decline. The prior week saw inventories fall 2.527 million barrels.

According to EIA data, U.S. crude oil imports for the week ending October 16 fell to 837,000 barrels, compared with negative 596,000 barrels in the previous week.

According to EIA data, U.S. finished product oil imports declined to negative 145,000 barrels per day for the week ended October 16, compared with 59,000 barrels per day in the prior week.

According to EIA data, U.S. strategic petroleum reserves declined by 300,000 barrels for the week ending October 16, compared with no change in the prior week.

According to EIA data, U.S. reformulated gasoline inventories decreased by 0.2 million barrels in the week ending October 16, compared to an increase of 0.6 million barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), U.S. refinery crude oil input rose to 4.3 million barrels per day for the week ending October 16, compared to a decline of 10,100 barrels per day in the prior week.

According to the UK Maritime Trade Operations Authority, tankers were attacked in waters near Iraq and near Oman on October 21. Ship attack incidents have recently spread from the Strait of Hormuz to waters near Iraq.

The U.S. Energy Information Administration (EIA) is set to release crude oil inventory, Cushing crude oil storage, and strategic petroleum reserve data for the week ending October 16 in approximately 10

Wheat declined 2.0% intraday to 674.78 cents per bushel on CBOT today. CBOT corn fell 1.5% to 454.2 cents per bushel. Sugar continued its fourth consecutive trading day of losses.

According to an official announcement, China Chengtong Development Group's indirect subsidiary Chengtong Finance Leasing signed sale-leaseback agreements today (October 21) with Xingte and Wengniute Banner. Under the agreements, Chengtong will purchase solar PV bracket and transmission cable

Brent crude oil fell approximately $3 from a five-month high of $111.99 to a $108.79 settlement on Tuesday after an unconfirmed report suggested mediation between Iran and Pakistan. By Wednesday afternoon the benchmark had recovered to $111.32 before settling at $108.19, down 0.55%. A diplomat

According to Panama Canal Authority on October 20, the Panama Canal achieved record throughput of 5.21 billion tons during the fiscal year ended September 30, 2026. The surge was driven by Middle East tensions that forced shipping to avoid the Strait of Hormuz, with approximately 14,000 vessels

According to Jin10 Futures, as of 21:20 on October 21, commodity options posted sharp gains. LPG November 2611 6500-strike put options surged 189.47% to 11.0 yuan per ton, while iron ore November contract 680-strike puts jumped 180%, reaching 2.8 yuan per ton. LPG November 7000-strike puts

According to the U.S. Energy Department, the Trump administration announced Wednesday (October 21) it will loan a maximum of 315,000 barrels of emergency heating oil reserves—close to one-third of its total 1 million barrel stock—to help suppress fuel prices driven higher by disruptions in Middle

On the evening of October 21, China's primary commodity futures contracts showed mixed trading with declines outpacing gains. Fuel oil led losses, falling over 2%, while plastics, LPG, low-sulfur fuel oil, caustic soda, and glass each fell over 1%. Soybean meal and LME copper declined nearly 1%. On