Commodities (Crude Oil & Copper) & Macro Outlook

According to CME Group, Henry Hub natural gas futures reached record open interest of 1,807,497 contracts on September 1, exceeding the previous record of 1,801,183 contracts from November 8, 2024 by 6,314 contracts. The new high arrived earlier than the typical November peak, when market

Prediction market operator Kalshi will seek regulatory approval from the Commodity Futures Trading Commission (CFTC) for a West Texas Intermediate (WTI) crude oil perpetual futures contract that never expires, according to a person familiar with the matter who told Bloomberg. The contract could be f

According to Bloomberg and Reuters, Kalshi will file a request with the Commodity Futures Trading Commission (CFTC) for approval of a West Texas Intermediate (WTI) crude oil perpetual futures contract as soon as next week. The product would trade 24 hours a day, five days a week, and would never

President Donald Trump signed an executive order last week declaring a national emergency around the foreign threat to the U.S. bulk-power system involving equipment produced abroad. The order authorized the Energy Department to prohibit or impose conditions on transactions involving components

According to CNBC, President Trump signed an executive order last week declaring a national emergency over foreign threats to U.S. bulk-power system equipment used in AI data centers. Chinese suppliers account for 30-40% of transformers and switchgear, over 40% of battery imports, and roughly two-th

According to Jin10 Futures citing Shanghai International Energy Exchange, on September 3, the exchange imposed opening restrictions on accounts that exceeded daily opening transaction volume limits on related futures contracts. The trading activity violated the exchange's regulations on abnormal tra

According to Reuters data, Russian state energy company Gazprom increased daily natural gas supplies to Europe through the Turkish Stream pipeline by 3% in August, delivering 51.9 million cubic meters per day. August total shipments via Turkish Stream reached 1.61 billion cubic meters, compared to 1

Russian President Vladimir Putin said on September 3 that the country will soon restore its remaining damaged oil refining capacity. Putin's statement comes amid ongoing efforts to address infrastructure losses from military

According to Russia's Finance Ministry, the country's state budget oil and gas sales revenues fell to 424 billion rubles in August, down from 934 billion rubles in July.

According to Hengyuan Futures, U.S. commercial crude oil inventories fell more than expected on September 3, providing support for oil prices amid ongoing geopolitical tensions. Throughput in the Strait of Hormuz remains significantly below normal levels, sustaining supply-risk premium in the

According to Morgan Stanley, TTF (Title Transfer Facility) natural gas prices are forecasted to average €88 per megawatt-hour in the fourth quarter of 2026 and €83 per megawatt-hour in the first quarter of 2027.

Chicago wheat futures fell over 2% on September 3 after Russian President Vladimir Putin commented on the possibility of reaching a peace agreement with Ukraine. The decline reflects market sensitivity to geopolitical developments affecting global grain

According to Ruida Futures, Europe container shipping futures plunged on September 3, with the main EC2610 contract falling 7.18% as geopolitical tensions eased following U.S. President Trump's statement that strikes on Iran would not "last long." Average spot rates for 40-foot containers from

According to London Metal Exchange (LME) data released today (September 3), tin inventory decreased by 55 tons, aluminum fell 250 tons, and lead declined 2,775 tons. Conversely, copper inventory increased by 800 tons, nickel rose 1,920 tons, and zinc surged 9,975 tons.

According to Singapore Enterprise Development Board (ESG), as of the week ending September 2, Singapore light distillate stocks fell 837,000 barrels to 10.678 million barrels, marking a near five-year low.

According to Singapore Economic Development Board, middle distillate oil inventories in Singapore declined by 516,000 barrels to 7.911 million barrels, marking the lowest level in four weeks, in the week ending

According to sources, Kazakhstan's oil and natural gas condensate production rose 11% month-over-month in August.

According to Jin10, U.S. retail diesel prices rose to $5.783 per gallon on Wednesday, Sept 3, marking the highest level since mid-2022. The average national price, as reported by the American Automobile Association (AAA), exceeded the peak set during the Middle East conflict in April and now

According to ANZ Group analysts Soni Kumari and Daniel Hynes, copper prices could reach record highs in early 2027, driven by U.S. tariff concerns and mining supply challenges combined with resilient global demand. Market expectations of potential copper import tariffs from the Trump