Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Commodity Futures Trading Commission (CFTC), WTI crude oil speculative net long positions declined by 1,017 contracts to 110,619 for the week ended October 13.

CBOT soybean and soybean meal futures fell this week (as of October 16), with soybeans down 2.44% to $12.6050 per bushel and soybean meal declining 2.43%. According to Bloomberg commodity data, the Bloomberg Grain Index fell 0.75% to 31.8469 points on Friday, approaching levels last seen in

According to the U.S. Bureau of Labor Statistics, import prices in September rose 8.1% year-over-year on Friday (October 16), marking the largest increase in over four years and exceeding market expectations. Monthly import prices increased 1.1%, above the expected 0.8%. Core import prices,

From 18:30 to 18:45 on October 16, 2026 (UTC), BTC plunged 0.38% in 15 minutes, trading in a range of 80986.1-81474.7 USDT, with a 0.60% amplitude. The current price is $81,031.8, down 1.58% over 24 hours. Sell pressure in the Order Book is extremely concentrated, with a bid-to-ask depth ratio of just 0.02. The main drivers of this move are two sources of macro-level pressure: the Fed’s ongoing rate-hike cycle and escalating US-Iran geopolitical tensions, which together have dampened risk appeti

According to The Defiant, SEI perpetual contracts launched on OG.com Markets on October 16, with first trades of 100 SEI per contract recorded. The exchange is operated by Nadex, a North American derivatives exchange registered with the U.S. Commodity Futures Trading Commission (CFTC), providing U.S

Brent crude oil futures rose to $110 per barrel on October 16, marking the first time since May 20. WTI crude oil gained 3.5% on the day, trading at $101.41 per barrel.

Shanghai crude oil futures (December 2026 contract) closed up 2.32% at 739.80 yuan per barrel in overnight trading. Shanghai gold declined 0.02%, while Shanghai silver fell 0.39%.

According to the U.S. Central Command, approximately 400 commercial vessels transited the Strait of Hormuz in the past seven days.

Over the past seven days, the U.S. has assisted in the transport of over 100 million barrels of oil through the Strait of Hormuz, a critical global energy chokepoint.

On October 16, 2026, from 17:30 to 17:45 (UTC), BTC saw a short-term rebound over 15 minutes, returning +0.78% within a price range of 80,897.5–81,804.5 USDT, with an amplitude of 1.12%. Market volatility has intensified but remains near recent lows. Over the past 24 hours, BTC fell from a high of $82,925 to around $81,321, down approximately 1.31%, in a low-volatility, gradual decline. The main driver of this move is the continued buildup of macroeconomic uncertainty. First, US-Iran geopolitica

According to Bloomberg, in early October, defense giant Rheinmetall held a stake in Canadian lithium developer Rock Tech Lithium and is a strategic co-investor in the company's lithium hydroxide conversion facility planned in Goben, Germany. Rock Tech completed a CAD 6 million (approximately

According to the Intercontinental Exchange (ICE), diesel speculators' net long positions increased by 5,304 contracts to 75,461 for the week ended October 13.

According to Peru's Energy and Mining Ministry, copper production fell 5.0% year-over-year in August, declining to 230,676 tonnes.

According to the Intercontinental Exchange (ICE), speculators' net long positions in Brent crude oil increased by 31,977 contracts to 233,029 contracts during the week of October 13, marking a four-week

According to India's Shipping Minister, on October 16, an oil tanker MT ST 3 carrying 15 Indian seafarers was struck by a projectile in the Strait of Hormuz. Separately, on October 14, the tanker Yara J with 9 crew members was attacked by an unmanned drone while anchored off Suez Canal,

According to India's Shipping Minister, tanker Yara J came under drone attack on October 14 while anchored off Sulina, Romania. The vessel was carrying 9 crew members at the time of the incident.

According to Guru Club, on October 17, LME metal futures broadly rose with gains across commodities. Copper futures climbed $60 to $14,408 per ton, while aluminum advanced $14 to $3,002 per ton. Zinc rose $28 to $3,692 per ton, lead gained $8 to $1,889 per ton, nickel increased $142 to $15,363 per t

According to Jin10, on October 17, U.S. President Trump stated he knows details about the Russia-Ukraine conflict and hopes it ends, while calling recent handling of the issue by the Biden administration problematic. When asked about inflation concerns, Trump asserted that oil prices will fall

The U.S. natural gas rig count totaled 133 for the week ending October 16, according to data tracked by the Energy Information Administration (EIA), up 1 from the prior week's 132.

As of the week ending October 16, the U.S. total active rig count stood at 603, unchanged from the previous week. The metric, typically reported by Baker Hughes, tracks the number of active drilling rigs across the