Commodities (Crude Oil & Copper) & Macro Outlook

According to commodity fund trading data, large commodity funds net sold U.S. corn, soybeans, wheat, and soybean meal futures on Friday while net buying soybean oil futures. Net corn sales reached 8,000

On Friday (Oct 18), U.S. equities tumbled amid AI-related trading concerns. The Nasdaq fell over 2%, with the semiconductor index extending losses to eight consecutive days. CoreWeave, a major AI infrastructure provider, plummeted 12%. In commodities, Brent crude oil broke above the $110 per

US Stock Market News shows futures on the S&P 500 Index advanced on October 18, 2026, erasing earlier losses as traders prepared for a packed week of corporate earnings and Chinese economic data. The underlying S&P 500 gauge fell 1.1% Friday, capping its worst week since June. Oil edged lower amid h

According to Guru Club, Brent crude oil futures fell $1 to $108.86 per barrel on October 19.

According to Russian Deputy Prime Minister Novak on October 18, Russian diesel fuel will enter the US market within 15-20 days following contract signature. The US Department of Energy has already identified the companies that will serve as counterparties and buyers, Novak said. Negotiations on

According to Iran's Islamic Revolutionary Guard Corps Navy, reported by CCTV News, a vessel hit a mine south of the Strait of Hormuz early on October 19, triggering an explosion and fire in its engine room. The Iranian military emphasized that any ship navigating the Strait of Hormuz and Persian

According to Russian officials, Ukrainian drone strikes targeted St. Petersburg's oil dock and logistics hub on October 19, causing a fire at both facilities. St. Petersburg Governor Aleksandr Beglov reported 1 person killed and 5 wounded in the attacks. Meanwhile, Ukrainian energy infrastructure al

WTI crude and Brent crude opened 0.4% lower on Monday (Oct 18), trading at $98.54 per barrel and $106.93 per barrel respectively.

European natural gas prices surged 2% at opening on October 18 amid escalating tensions in Ukraine. The price movement reflects rising concerns over potential supply disruptions linked to the regional conflict.

New Zealand's September exports declined to NZD 6.47 billion from NZD 6.66 billion in August, according to official statistics. The month-on-month decline of NZD 190 million represents a 2.9% decrease in export

Turkey's Energy Minister announced on Sunday that the country will deploy a second floating liquefied natural gas (LNG) production platform in the first quarter of 2028, increasing daily gas output in the Black Sea region to approximately 45 million cubic

Iran's military and foreign minister issued conflicting statements on the Strait of Hormuz as Brent crude traded near $110 per barrel ahead of Sunday's futures reopening. Iranian army spokesperson Mohammad Akraminia said on Friday that Hormuz would reopen if American forces withdrew from the

According to Reuters, Brent crude settled Friday, October 16, at $109.86 per barrel, its highest settlement since May 19, after gaining $3.94 or 3.7% for the day. US West Texas Intermediate crude rose $3.44 or 3.5% to $101.41. On October 18, Iran's Foreign Minister Abbas Araghchi told Iranian media

According to Iran's Islamic Revolutionary Guard Corps Navy, a tanker hit a mine in the southern Strait of Hormuz on October 19, causing an engine compartment explosion and fire. The vessel had disabled its navigation and identification systems and violated maritime regulations by attempting to

US Stock Market News indicates the market will be open on Monday, October 19, 2026, with no special trading holidays scheduled for October. The week of October 19–23 will be heavily driven by major large-cap quarterly earnings reports including META, Tesla, Netflix, American Airlines, and defense

According to Russian Deputy Prime Minister Novak, Russian diesel will enter the U.S. market within 15-20 days of contract signing, announced on October 18. The U.S. Department of Energy has identified the buyer company, and negotiations on commercial terms are currently underway. Once the contract

On October 18, U.S. Treasury Secretary Bessent stated that European countries are funding Russia's war machine. According to Bessent, the U.S. imported $4 billion worth of Russian products, with $1.8 billion in fertilizers. European nations' imports exceeded the U.S. level by more than

According to Ukraine's State Statistics Service, fuel and petroleum lubricant prices in September 2026 rose 46.2% compared to the same period in 2025. The agency's statement noted that consumer prices for goods and services shifted during the period, with fuel and lubricant costs showing the

According to Guru Club, on October 18, U.S. Treasury Secretary Bessent said Europe continues to aggressively purchase Russian energy.

Bank of Canada Governor Macklem said on Saturday that higher oil prices are increasingly supporting Canada's economic growth, and he expects the central bank to release an elevated inflation forecast by month-end. Speaking during the International Monetary Fund and World Bank Group meetings in