Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, WTI crude oil surged to $92.28 on Wednesday, marking its highest level in five weeks, before paring gains to close up 0.88%. Brent crude settled at $95.63, up 1.04%.

According to Treasury Secretary Janet Bessent on Wednesday, Ukraine's drone strikes on Russian energy facilities and petroleum refineries are a primary driver of global energy price increases contributing to elevated U.S. living costs. Speaking on Fox News, Bessent stated the U.S. is experiencing an

On September 2, Venezuela's interim president Rodríguez and U.S. Energy Secretary Wright signed multiple cooperation agreements, including a major oil project accord. According to Trump's announcement, the U.S. obtained majority control over more than 65 billion barrels of Venezuela's proven oil res

According to the Korea Exchange, on September 3, multiple U.S. Treasury bond ETFs recorded 52-week lows, including ACE U.S. 10-Year Treasury Active and KODEX U.S. 10-Year Treasury Futures. The 10-year Treasury yield climbed to 4.812% on September 1 (local time), reaching its highest level since

According to Jin10, Russia's Kirishi refinery suspended oil processing following a Ukrainian drone strike on September 3, with Moscow's city official claiming the city shot down 3 drones, bringing the cumulative total to 28 in recent days. The EU announced it will retaliate against Russian drone

According to a survey by Japanese research institutions, Japan is expected to see food price increases across 4,923 products in September, roughly triple the figure from a year earlier. This marks the first time since April 2025 that monthly price hikes have exceeded 4,000 product varieties,

International oil prices rose for a third consecutive trading day on September 2 (US Eastern Time), driven by escalating US-Iran tensions. WTI crude for October delivery closed at $91.01 per barrel, up $0.79 (0.88%), while Brent crude for November delivery settled at $95.63 per barrel,

European natural gas prices reached their highest level since 2023 on September 2 as the United States and Iran resumed military clashes more than six months into the Iran war. Dutch TTF hub natural gas futures rose over 2% to €73.60 per megawatt-hour (MWh) by 2:10 p.m. local time September 2,

According to Yonhapinfomax, European natural gas prices hit their highest level since January 2023 on September 2, with TTF hub futures in the Netherlands breaching 75 euros per MWh intraday before settling at 73.60 euros—up over 2% from the previous day. The surge reflects escalating military

US stock market indices rose together on 2일 (US Eastern Time) after four consecutive days of decline, as US Treasury yields declined slightly and bargain buying emerged. Mid-to-long term Treasury yields fell by approximately 1 basis point after five trading days of sharp increases that had

On Wednesday (Sept 2), gold ETF surged 1.52%, while Russell 2000 small-cap index ETF rose 1.18%, topping major U.S. equity asset class ETFs. Long Japanese yen, emerging markets, and Dow ETF also posted modest gains of 0.93%, 0.57%, and up to 0.54%, respectively. Conversely, agricultural

According to Bloomberg, the Bloomberg Commodity Index fell 0.74% to 35.6390 on Wednesday's New York close (September 2), with trading mostly ranging near 35.40 earlier in the session. CBOT corn futures declined 0.64%, wheat futures fell 0.99%, and soybeans dropped 0.84% to $13.0875 per bushel.

According to Jin10 Data, on September 3, crude oil futures prices rose on the commodity exchanges. WTI October futures gained $0.79 to close at $91.01 per barrel, up 0.88%, while Brent November futures advanced $0.98 to $95.63 per barrel, up 1.04%.

According to Finance Minister François-Philippe Champagne, Canada's government will extend the fuel consumption tax suspension until January 31, 2027, amid surging energy costs driven by the Iran conflict. Starting February 1, the tax rate will be reduced by half through March 31, before returning t

CME's Henry Hub Natural Gas Futures reached a new open interest record of 1,807,497 contracts yesterday (September 1), according to the exchange's data.

WTI October crude futures rose $0.79, or 0.87%, to settle at $91.01 per barrel today. Abu Dhabi Murban crude gained 0.10% to $106.26 per barrel. NYMEX October natural gas futures closed at $2.9560 per million British thermal units, while October gasoline futures settled at $3.1038 per gallon and Oct

Shanghai Futures Exchange crude oil futures contract 2610 closed up 2.57% at 694.70 yuan per barrel in the night session on September 2. Shanghai gold futures rose 0.86%, while Shanghai silver futures gained 1.06%.

According to Jin10, on Wednesday, President Trump stated Iran's regime is collapsing and said the U.S. is preparing another strike against Iran. Trump also noted that the U.S. controls the Strait of Hormuz and hopes to lower domestic retail gasoline

President Trump stated that the U.S. maintains complete control over the Strait of Hormuz and exports millions of barrels of oil through the strategic waterway daily, according to his public remarks on

The U.S. Department of Treasury released multiple general licenses for Venezuela on September 2. The Trump administration's permits cover activities related to Venezuelan coal, gold, and mining operations.