Commodities (Crude Oil & Copper) & Macro Outlook

The U.S. Energy Information Administration (EIA) reported that refined oil inventories increased by 796,000 barrels in the week ended August 28, reversing the prior week's decline of 2.228 million barrels.

On Sept. 2, European natural gas futures surged to around €73.85 per megawatt-hour, up roughly 25% over the past month to their highest level in more than three years, driven by renewed U.S.-Iran military tensions threatening LNG supplies through the Strait of Hormuz. Meanwhile, U.S. natural gas

According to the U.S. Energy Information Administration (EIA), the refinery equipment utilization rate for the week ended August 28 came in at 98%, beating the forecast of 97.1% and up from 97.4% in the prior week.

According to the U.S. Energy Information Administration, American refining crude oil inventories rose to 7.96 million barrels in the week ended Aug. 28, beating market expectations of a 12.75 million barrel decline and marking a smaller decrease compared to the prior week's 22.28 million barrel

According to the U.S. Energy Information Administration, Cushing crude oil inventories declined by 80,000 barrels during the week ended August 28, compared to an increase of 1.176 million barrels in the previous week.

According to the U.S. Energy Information Administration, crude oil inventories decreased by 4.45 million barrels during the week of August 28, compared to a prior weekly increase of 0.95 million barrels.

According to the U.S. Energy Information Administration (EIA), Cushing region crude oil inventories declined by 800,000 barrels in the week ended August 28, compared to a build of 1.176 million barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), American crude oil inventory fell by 4.45 million barrels last week, compared to analyst expectations of a 368,000 barrel decline. The previous week had seen an increase of 9.5 million barrels.

According to the U.S. Energy Information Administration (EIA), gasoline inventories declined by 1.173 million barrels in the week ending August 28, compared with a decline of 2.536 million barrels in the previous week.

According to the U.S. Energy Information Administration (EIA), refinery equipment utilization rose to 0.6% for the week ending August 28, compared with 0.2% in the prior week.

According to Jin10, on September 2, the S&P 500 halted a three-day losing streak with mixed trading action amid easing oil prices. U.S. crude oil fell below $90 per barrel, alleviating market concerns over inflation. The Nasdaq-100 index declined modestly during the session, following its worst day

According to Claudio Wewel, FX strategist at Swiss-based bank, the bank maintains its "slightly underweight" rating on bonds today (September 2), citing insufficient rationale for increasing fixed-income allocation despite rising long-term Treasury yields. The bank upholds a "slight overweight" on e

Ukraine's agriculture minister stated that the country's agricultural exports in August reached only one-third of the required volume, signaling significant constraints on export capacity.

According to Jin10, Saudi Arabia's observable crude oil exports fell to approximately 3 million barrels per day in August, the lowest level since early 2017, according to tracking data from Vortexa and Kpler. The sharp decline follows escalating attacks by Yemen's Houthi forces on Saudi vessels in t

According to BlockBeats, Kalshi is preparing to apply to the U.S. Commodity Futures Trading Commission (CFTC) for approval to launch WTI crude oil perpetual futures as early as next week. The proposed contract will trade 24 hours a day, five days a week, with no expiration date, allowing traders to

According to PANews, prediction market platform Kalshi plans to apply for U.S. crude oil perpetual futures today on September 2.

According to sources cited by Jin10, OPEC+ is expected to maintain October oil production policy at its Sunday (September 6) meeting. The organization is set to conclude the first phase of its production cuts this month and will shift focus toward 2027 quota negotiations, three informed sources

According to three sources, OPEC+ will not make any crude oil production policy decisions at its meeting on Sunday, with discussions to focus on market conditions instead.

According to Russia's Deputy Prime Minister Alexander Novak, the country's fuel market conditions have become more stable this week.

Crude oil prices rose Wednesday as renewed U.S.-Iran military strikes intensified fears of supply disruptions through the Strait of Hormuz, pushing Brent crude toward $96 a barrel and keeping West Texas Intermediate above $90. Brent crude futures rose 0.8% to $95.40 a barrel by 3:45 a.m. GMT,