Commodities (Crude Oil & Copper) & Macro Outlook

According to the Financial Times, Sable Offshore is among a handful of companies in advanced negotiations with Venezuela to develop oil fields and is expected to sign a contract soon.

According to Korea Exchange, on September 4, KOSPI closed at 6579.48, up 0.26%, but intraday volatility surged as the index swung 240 points between a high of 6682.97 and a low of 6439.39. The sharp swing reflected mounting headwinds: U.S. Federal Reserve Chair Kevin Walsh's Jackson Hole speech

According to American Automobile Association data, U.S. diesel prices reached a record high of $5.78 per gallon on Thursday, exceeding the previous peak set during Russia's 2022 invasion of Ukraine. Since the escalation of U.S.-Iran tensions in February, diesel prices have surged 53%, driven by

SK Hynix faces market speculation about redeeming its Money Market Fund (MMF) investments next week, stirring South Korea's bond market. The speculation stems from the company's significant MMF investment on July 19 and recent reduction in bond investments, leading market participants to believe red

Renewed hostilities between the United States and Iran are driving oil prices higher as concerns mount over potential disruptions in energy supplies. Brent crude settled 1% higher in recent sessions, reflecting increased geopolitical risks. The escalating tensions center on the strategic Strait of

A US missile struck a residential home during a wedding celebration in Kuhestak village, Hormozgan province, southern Iran on September 1, killing at least four people including two children aged 4 and 16, and injuring 67 to 68 others. Vice President JD Vance confirmed US Central Command is

China's domestic futures market on September 4 posted widespread gains, with silicon iron reaching its daily limit during the morning session. PVC and palladium each rose over 4%, while liquefied petroleum gas (LPG) advanced nearly 3%. Soda ash and silver gained over 2%, and caustic soda and

Low sulfur fuel oil (LU) futures main contract fell 2.00% intraday on September 4, currently trading at 5,023 yuan per ton.

According to Shanghai Steel Union, MMLC battery-grade lithium carbonate midpoint price stood at 152,200 yuan per ton today, down 1,900 yuan from the previous day's 16:30 close.

Former British Prime Minister Liz Truss said in an interview that the UK’s 10-year government bond Yield has climbed above 5.2%, while the 30-year Yield is approaching 6%—both higher than the 5.12% level when she took office in 2022. Truss warned that the sharp rise in global bond Yields is the inevitable result of governments borrowing excessively and central banks printing money to debase their currencies. She said the situation may already be beyond control and could ultimately lead to forced

Russia's oil exports generated $13.8 billion in July 2026, marking the lowest monthly figure in half a year and a $2 billion drop from June, driven by Ukrainian drone and missile strikes on Russian refineries and declining global crude prices. The decline reflects mounting pressure on Moscow's

U.S. Vice President J.D. Vance stated recently that the United States will not negotiate with Iran unless Tehran stops attacking commercial vessels. Vance emphasized that U.S. military presence near the Strait of Hormuz aims to ensure the uninterrupted transit of oil and natural gas, preventing a "c

According to Herald Economics, U.S. 10-year Treasury yields hit 4.821% on September 2, marking the highest level since November 2023 and approaching the 5% threshold. Market participants now expect yields to test above 5% in the near term. The surge is accompanied by WTI crude oil breaking

U.S. Vice President Vance stated yesterday that approximately 15 million barrels of oil passed through the Strait of Hormuz on September 2.

International copper futures closed up 0.67% overnight, with Shanghai copper gaining 0.53%, aluminum rising 0.47%, zinc up 0.28%, and nickel declining 0.47%. Shanghai lead fell 0.12%, while tin advanced 0.76%. Aluminum oxide surged 1.33%, aluminum alloy increased 0.08%, and stainless steel eased

Saudi Arabia set its official selling price for Arab Light crude oil destined for northwest Europe in October at a discount of $2.15 per barrel to Intercontinental Exchange Brent crude settlement prices.

From 15:00 to 16:00 (UTC) on September 3, 2026, BTC remained in a narrow consolidation, with a Return % of +0.00%, a price range of 80,358.5–80,965.1 USDT, and an Ampl of 0.75%. However, over the preceding 24 hours, BTC rebounded from a low of 76,957.1 USDT to a high of 81,367.7 USDT, recording a cumulative Rise % of 4.70%. The price swing exceeded $4,400, significantly increasing market attention. The core drivers of this move were the convergence of safe-haven capital inflows and institutional

From 15:45 to 16:00 (UTC) on September 3, 2026, BTC’s 15-min candlestick showed a rapid short-term surge, with Return % reaching +0.60%. The price ranged from 80,727.7 to 81,367.7 USDT, with an Ampl of 0.79%. The overall 24-hour Rise % reached 4.70%. After breaking above the $78,000 round-number level, the price accelerated to around $80,924, with intraday volatility exceeding $4,400. Market attention increased significantly, and safe-haven sentiment was strong. The main drivers of this move wer

According to U.S. Commerce Department data released Thursday, U.S. refined copper and copper alloy imports in July reached 225,094 metric tons, marking the highest monthly volume since 1990. The figure represents a 78% increase month-over-month and 8% increase year-over-year, according to Trade

On Thursday, Sept 3, during the closing of European trading, ICE UK natural gas futures declined 3.31%, while TTF benchmark Dutch natural gas futures fell 3.51%. ICE EU carbon allowances futures dropped 0.74%.