Commodities (Crude Oil & Copper) & Macro Outlook

Central banks accelerated gold purchases as the precious metal climbed to $4,500 per ounce in recent trading, marking a nearly 10% gain over one month amid rising US long-term bond yields and fiscal deficit concerns. China's central bank added 640,000 ounces in July, extending its buying streak to 2

According to the American Automobile Association, U.S. diesel retail prices surged to $5.85 per gallon on Friday, September 5, marking a record high. Regular gasoline also climbed to $4.15 per gallon. BlockBeats reported that diesel inventories have fallen to historic lows while export volumes

According to BlockBeats, US nonfarm payrolls added 162,000 jobs in August, far exceeding expectations of 56,000, and reignited market bets on a September Federal Reserve rate hike to above 60%. The data highlighted divergence within the Fed as President Trump continues to publicly pressure for rate

According to Jin10 Data, on September 5, the U.S. Pentagon secured priority purchase rights to crude oil from 17 Venezuelan oilfields operated by NABEP and can acquire 20% of their output at cost price rather than market rate, with the remainder purchased at market prices. The Pentagon also

According to Argentina's presidential statement on September 4, the Argentine government has launched administrative penalties against 45 entities allegedly conducting oil and gas exploration and extraction in the Malvinas Islands (Falkland Islands). The enforcement targets include companies,

Korean stocks face a critical week from September 7-11 as the KOSPI navigates heightened volatility following US-Iran military tensions and monetary policy uncertainty, with market focus shifting to upcoming US August Consumer Price Index (CPI) and Producer Price Index (PPI) releases. The volatility

According to Ukrainian General Staff, Ukraine's attacks halted two major Russian oil refineries on September 5. The operation marks a significant strike on Russian energy infrastructure during ongoing military operations. Meanwhile, U.S. peace envoys, including Trump's special representative, are e

According to BlockBeats, President Trump stated at the White House on Friday, September 5, that the U.S. has sunk numerous vessels through the Strait of Hormuz and is extracting significant oil volumes while maintaining control of the strategic waterway. Trump added that the U.S. may soon strike Hor

According to ETFCheck, South Korea's leading commodity tracking platform, crude oil-linked ETFs delivered the highest weekly returns this week as geopolitical tensions escalated. KODEX WTI Crude Oil Futures (Hedged), managed by Samsung Asset Management, gained 9.93% over the past seven days,

Sangsangin Securities forecasted that international oil prices will average $89 per barrel in the second half of the year, with fourth-quarter prices potentially reaching an average of $91, as volatility increases ahead of US midterm elections in November. Analyst Choi Ye-chan stated in a

According to Sangsangin Securities research released on September 3, West Texas Intermediate crude surged over 5% in a single day to break above $90 per barrel as escalating U.S.-Iran tensions gripped markets. The volatility index OVX rebounded to 49. Meanwhile, U.S. Strategic Petroleum Reserve

US stocks declined on September 4 after August non-farm payrolls surged by 162,000 jobs, far exceeding the market estimate of 56,000. The Dow Jones Industrial Average fell 271.86 points to 53,414.25, the S&P 500 dropped 29.11 points to 7,718.60, and the Nasdaq Composite declined 77.07 points to 26,5

According to Iraq's Oil Ministry, the country will soon receive gasoline shipments to address domestic supply shortages that emerged days ago. Demand has surged from 33 million liters daily to 38 million liters, an increase of 5 million liters driven by public concern, according to Oil Minister

According to Gas Buddy, U.S. average diesel retail price hit a record high of $5.848 per gallon on September 3, surpassing the previous peak of $5.819 per gallon set on June 17, 2022.

Pyth Network expanded its Pyth Pro service to cover more global markets, including US equities and Hong Kong stocks. The expansion aims to improve data accessibility across various asset classes in response to increasing demand for comprehensive market data among traders and investors. Pyth Network

According to Pyth Network, the platform recently announced an expansion of its Pyth Pro service to cover additional asset classes, including US equities, Hong Kong stocks, commodities, and index futures. The enhancement aims to improve data accessibility for traders and investors seeking

West Texas Intermediate (WTI) crude oil closed at $91.48 per barrel on September 4 (US Eastern Time), marking its fifth consecutive trading day of gains since August 31, driven by armed conflict between Yemeni government forces and Houthi rebels near the Bab el-Mandeb Strait. The clashes in

According to Yonhap News Agency, WTI crude oil futures for October delivery rose 0.18 dollars to close at $91.48 per barrel on September 4 (U.S. Eastern Time), marking the fifth consecutive trading day of gains. Brent crude oil (benchmark crude oil) for November delivery also rose 0.76 dollars to $9

According to Yonhap News Agency, WTI crude oil for October delivery closed at $91.48 per barrel on September 4, up $0.18 (0.20%) in the fifth consecutive trading day. Brent crude oil for November delivery rose $0.76 (0.80%) to $96.28 per barrel. The gains were driven by intensifying military

According to Fitch, the agency has removed Qatar's liquid natural gas facilities from its watch list, citing a reduced risk of further severe damage since March. The rating agency's decision reflects an improved outlook for the LNG infrastructure following earlier