Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 data, Oman crude oil premium over Dubai crude fell to around $4 per barrel this week (October 21), marking the lowest level since late July, indicating resilience in Middle East oil exports despite escalating Iranian attacks on shipping. The price spread reflects strength in

According to Odaily, Ripple Prime (formerly Hidden Road), the brokerage arm of Ripple, began offering round-the-clock swaps on stocks, commodities, and currencies starting October 15, covering over 100 markets. The service

According to market data compiled by Jin10 Futures, global diesel crack spreads surged to approximately $100 per barrel in October 2026, an extreme historical level, driven by supply disruptions in Russia and the Middle East. Russian diesel exports plummeted from 700,000–900,000 barrels per day

According to CME data, on October 20, precious metals and energy futures showed divergent trading activity. Gold trading volume rose 36,697 contracts to 187,791, with open interest up 2,008 to 402,507; silver volume increased 21,678 to 49,925, and open interest climbed 1,617 to 114,009. Copper volum

Shipping data shows Russian diesel exports have resumed today as at least two tankers are heading to Turkey and Brazil following the lifting of export sanctions. The development marks a significant shift in global energy markets,

According to Ripple Prime's announcement on October 15, the brokerage launched 24-hour swap contracts linked to over 100 stocks, commodities, and forex pairs, with institutional clients able to use Ripple's RLUSD stablecoin as collateral. The swaps track perpetual futures on Hyperliquid, allowing

According to Odaily, predict.fun has launched 6 new 15-minute uptrend/downtrend markets covering UNITREE, ZHIPU, SKHYNIX, SNDK, XAU, and CL (crude oil). Trading on these markets is now open.

According to Jin10 Data, wheat futures fell to 11-week lows on October 21 as market participants reduced risk premiums amid intensifying Ukraine peace negotiations. The most actively traded wheat contract declined 0.5% intraday, marking the fifth consecutive trading day of losses, as U.S.

Norwegian oil and gas company raised its full-year production cost guidance to approximately $11 per barrel of oil equivalent, up from the previous estimate of $10 per barrel.

US Stock Market News shows the S&P 500 added 0.3% on Tuesday as major US companies reported strong earnings, with the Dow Jones Industrial Average rallying 1% despite modest losses in the Nasdaq composite. The market advance followed profit reports from Equifax, Hasbro, and 3M, which beat analyst

According to Guru Club, on October 21, nickel prices at the London Metal Exchange rose 2%, approaching $16,000 per ton for the fourth consecutive trading day, extending gains from a nine-month low touched last Thursday. Multiple leading Chinese nickel producers are planning to meet this week to

According to Gate data, Brent crude oil (XBRUSD) rose to $112.01 per barrel in the last 24 hours, up 0.7%.

According to Goldman Sachs, over the past year, global shipping costs for oil have surged approximately seven-fold due to conflict in the Middle East.

According to Morgan Stanley, hard drive spot prices of 4 to 7 cents per gigabyte and an expected 400EB shortage in CY27-CY28 do not support a market peak in FY28, despite traders pricing HDD at an 8x price-to-earnings ratio implying a peak in that year. Morgan Stanley contends the current market

According to Guru Club, lithium carbonate futures contracts fell 4% intraday on October 21, trading at 95,680 yuan per ton.

According to Guru Club, on October 21, South Korea's President Yoon Suk-yeol announced the government will reduce domestic mandatory fuel supply requirements and allow refiners to expand exports.

According to Morgan Stanley, refined oil markets are expected to remain under supply pressure through mid-2027, even as war-related disruptions ease. The bank attributed the sustained tightness to unusually large-scale refinery maintenance activities globally, which continue to constrain supply.

According to Jin10 Futures, as of October 20, low-sulfur 180CST marine fuel prices in South China rose to 7,025 yuan/ton, up 60 yuan/ton, while North China (Shandong) prices climbed to 6,850 yuan/ton, up 125 yuan/ton. The price spread between South and North narrowed to 175 yuan/ton, down 65 yuan/to

According to the Japan Petroleum Association (PAJ), as of the week ending October 17, Japan's commercial crude oil inventories rose to 11.2948 million kiloliters, up 652,200 kiloliters from 10.6426 million kiloliters the previous week. Refinery utilization rates declined: crude throughput capacity u

According to Jin10 Futures, China's domestic liquefied petroleum gas market prices pulled back after hitting fresh highs on October 21. As of October 20, commercial LPG prices stood at 7,851 yuan/ton, down 210 yuan/ton from mid-month peaks. Downstream buyers remain cautious at elevated price