Commodities (Crude Oil & Copper) & Macro Outlook

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%.

Saudi Arabia set its official selling price for October exports of Arab Light crude to Asia at a discount of $2 per barrel to the Oman/Dubai crude average.

From 14:45 to 15:00 (UTC) on September 3, 2026, BTC rose 1.00% over the 15-min period, with its price rebounding from $79,759 to $80,568.7, representing an amplitude of 1.02%. Market volatility intensified amid rising geopolitical safe-haven demand. The price broke above the $80,500 level and rebounded more than $3,700 from its 24-hour low of $76,827. The main driver of this move was the full escalation of the US-Iran military conflict. After the US military struck military targets on Iran's Lar

According to Insights Global, fuel oil inventory at the Amsterdam-Rotterdam-Antwerp (ARA) hub increased to 842,000 tons for the week ending September 3, compared to 834,000 tons in the previous week. Jet fuel stocks declined to 498,000 tons from 545,000 tons, while diesel fell to 1.61 million tons f

According to Jin10, on September 3, Venezuelan opposition leader Machado questioned the authority of interim President Rodriguez to negotiate a major oil agreement with the Trump administration, without directly opposing the deal. Machado stated that the agreement's true scope remains unclear

At close on September 3, China's commodity futures rose broadly. Liquefied petroleum gas (LPG) gained nearly 4%, while benzene and ethylbenzene (EB) advanced over 2%. Propylene, coking coal, and polypropylene each rose over 1%. Vegetable oil was the sole decliner, falling nearly 1%.

According to USDA latest agricultural drought monitoring data, as of September 1, the drought rate in U.S. corn-producing regions reached 28%, up 1 percentage point from the previous week and 19 percentage points compared to the same period last year when it stood at 9%.

According to a motion filed Wednesday, the CFTC asked a federal court to dismiss CME Group's lawsuit challenging the agency's approval of cryptocurrency perpetual futures, arguing that CME lacks legal standing because it has not shown measurable competitive harm from the decision to let Kalshi and o

From 14:15 to 14:30 on September 3, 2026 (UTC), BTC rose rapidly within 15 min, posting a Return % of +0.87%, with its price ranging from 78,985.6 to 79,692.3 USDT and an Ampl of 0.89%. Market volatility intensified significantly, while the simultaneous strengthening of safe-haven sentiment and risk assets attracted widespread attention. The primary drivers of this move were escalating geopolitical tensions and institutional capital inflows. The U.S.-Iran military conflict continued to intensify

According to Statistics Canada data released Thursday, Canada's exports to the United States fell 6.6% in July, marking the largest monthly decline since April 2025. The proportion of Canadian exports flowing to the U.S. dropped to 66.3%, the lowest level since 1997 excluding the pandemic period. Th

According to the U.S. Energy Information Administration, American natural gas inventories increased by 30 billion cubic feet last week, exceeding analyst expectations of 29.89 billion cubic feet. The week-over-week growth rate reached 0.94%, higher than the previous week's 0.47%.

According to the U.S. Energy Information Administration, natural gas inventories increased by 30 billion cubic feet to 300 billion cubic feet for the week ended August 28, falling short of the forecast of 310 billion cubic feet. The prior week's addition was 150 billion cubic feet.