Commodities (Crude Oil & Copper) & Macro Outlook

According to Yonhapinfomax, WTI crude oil fell $1.87 per barrel to $101.79 on October 20 (U.S. Eastern time) as the market responded to reports of progress in U.S.-Iran ceasefire negotiations. The drop ended an eight-day winning streak for WTI. Brent crude, the global benchmark, declined 0.76

According to ChainCatcher, the U.S. Commodity Futures Trading Commission (CFTC) unveiled the agenda for its inaugural Frontier Forum on October 28, to be hosted by its Innovation Office. The forum will bring together leaders in artificial intelligence to discuss how AI may reshape the operation of U

The Bank of Korea reported September 2026 producer prices rose 0.2% month-over-month, matching August's increase, driven by agricultural and livestock price gains of 3.7% and 2.7% respectively. Year-over-year producer prices climbed 7.7%. The won-dollar exchange rate decline exerted downward

According to the Bank of Korea, released on October 21, South Korea's producer price index rose 0.2% month-over-month and 7.7% year-over-year in September. Agricultural and livestock products led the gains, rising 3.7% and 2.7% respectively. However, computer and electronic optical devices

According to Iran's Foreign Minister Abbas Araghchi, negotiations with the United States through intermediaries including Pakistan and Qatar continue in this round of talks. The original plan was to fully open the Strait of Hormuz by day six of the current process. Araghchi stated that the U.S.

On Tuesday (October 20), spot gold fell 0.39% to $4,124.75 per ounce, hitting an intraday low of $4,111.70 before rallying sharply to $4,155.48 by late evening Beijing time. Spot silver rose 1.50% to $57.9369 per ounce, reaching an intraday high of $58.6023. COMEX copper futures gained 0.59% to $6.

According to the American Petroleum Institute, the Cushing crude oil inventory fell to 936,000 barrels in the week ending Oct. 16, down from 1.823 million barrels in the prior week.

According to API data, for the week ended October 16, U.S. crude oil imports reached 69,000 barrels, rebounding from negative 1.091 million barrels in the prior week.

According to API data, U.S. crude oil production declined by 408,000 barrels per day in the week ending October 16, compared to an increase of 118,000 barrels per day in the prior week.

According to API data, U.S. crude oil inventories fell by 4.931 million barrels for the week ending October 16, below expectations of a 1.107 million barrel decline, compared to a 11.123 million barrel drop in the prior week.

On October 20, U.S. Real Estate ETF surged 1.73%, outperforming major asset classes, followed by the Russell 2000 Index ETF with a 1.66% gain. The S&P 500 ETF and 20+ year U.S. Treasury ETF rose by at least 0.34%, while the Nasdaq 100 ETF declined 0.1%. Among declining assets, gold ETF fell 0.54%, a

According to Bloomberg, CBOT corn futures fell 1.18% on Tuesday (Oct 20), while wheat futures dropped 1.91% and soybean meal futures tumbled 1.83%. The Bloomberg Commodity Index declined 1% to 31.2360 points before reversing sharply after reaching an intraday high of 31.7319 points earlier. CBOT so

WTI November crude oil futures settled at $101.79 per barrel on October 20, after reaching an intraday high of $110.48 at 19:36 Beijing time.

According to Shanghai Futures Exchange, crude oil futures (INE crude oil 2612 contract) closed down 4.47% overnight to 694.80 yuan per barrel. Shanghai gold fell 0.31% during the night session, while Shanghai silver

According to Politico, the UK government is set to approve the Jackdaw gas field on Wednesday (October 21).

According to Canada's Parliamentary Budget Officer (PBO), released on Tuesday, federal fiscal space increased by CAD 37.4 billion (USD 26.6 billion) from 2026-27 to 2030-31 compared to the spring budget update, with energy price gains contributing CAD 11.4 billion of the increase over the next

According to the Iranian Revolutionary Guard Corps, two tankers caught fire today after striking mines while sailing along an unlawful route in the Hormuz Strait. The incident marks escalating tensions in the strategic waterway, a critical chokepoint for global oil

In US Stock Market News, the 10-year Treasury yield fell on Tuesday as investors assessed weak housing data and economic conditions ahead of the Federal Reserve's interest rate decision next week (1:30 AM IST Wednesday). The benchmark yield was down more than 1 basis point at 5.123%, while the 30-ye

From 15:00 to 16:00 (UTC) on October 20, 2026, BTC fell 1.02% over the hour, moving from 83305.6 USDT to 82197.8 USDT and recording a 1.33% trading range. It is currently at $82,451.4, up 0.19% over 24 hours. Intraday, it surged before pulling back; market volatility increased, but the net decline was limited. The main driver of this move was macroeconomic pressure from a sharp rise in oil prices. Brent crude broke above $110, while WTI crude rose more than 2%. Rising energy inflation expectatio

U.S. Secretary of State Marco Rubio stated on October 20 that oil volumes passing through the Strait of Hormuz are close to prewar levels. Walter Bloomberg reported Rubio's comment on crude shipments through the waterway, in which he said "the amount of oil going through the Strait of Hormuz is