Commodities (Crude Oil & Copper) & Macro Outlook

Gold prices fell 2.79% to 190,810 won per gram on September 2nd, marking the lowest level since August 5th when prices stood at 190,800 won per gram, according to Korea Exchange and Yonhap Infomax. The decline followed a surge in global interest rates triggered by renewed US-Iran military conflict a

According to Maeil Business Newspaper, South Korea's KOSPI and KOSDAQ indices fell sharply on September 2 amid surging international oil prices and growing expectations of U.S. Federal Reserve rate hikes. Samsung Electronics declined 4.02% to 250,500

According to the American Automobile Association (AAA), U.S. diesel prices rose to $5.688 per gallon on Tuesday, September 2, reaching the highest level since April. The price approaches the 2022 mid-year peak set amid global supply tensions. Rising diesel costs reflect ongoing geopolitical

According to AAA data, U.S. diesel prices rose to $5.688 per gallon on Tuesday, Sept 2, the highest level since April. The price remains just below the April peak and marks the highest level since mid-2022. Global supply tensions driven by Middle East conflicts and the Russia-Ukraine war have

According to shipping data from Kpler and Vortexa, Iraq's crude oil exports increased for the third consecutive month in August, reaching 2.17 million barrels per day versus 1.322 million bpd in July. Vortexa's preliminary data showed exports at 2.3 million bpd in August, up from 1.6 million bpd in

According to Jin10, Indian state-run Bharat Petroleum missed delivery of four crude oil shipments from the Persian Gulf in August due to escalating Middle East supply disruptions. Two Indian refiners were forced to arrange costlier alternative crude supplies to compensate for delayed deliveries.

According to Huanlian Futures research on September 2, port congestion in Europe, South America's east coast, and India-Pakistan regions has deteriorated, reducing regional logistics efficiency and triggering passive capacity contraction. The SCFI Europe index fell to 3,047.62 points, down 5.89%

U.S. stock futures pointed to a soft open Wednesday, with Nasdaq futures down 0.2% as of 4:30 a.m. ET, while S&P 500, Dow, and Russell 2000 futures remained flat. The decline followed escalating U.S.-Iran tensions after U.S. strikes on Iranian targets near the Strait of Hormuz pushed WTI crude

According to Dedy Kurniawan, media relations chief of Indonesia's Morowali Industrial Park, the facility may cut production by 30-40% due to water supply constraints caused by El Niño-induced drought on September 2. The park, which processes a significant portion of Indonesia's nickel output, is

According to Bloomberg, on September 2, Coinbase co-founder Fred Ehrsam is seeking to acquire control of at least three oilfields in Venezuela's Orinoco Belt as the U.S. government reshapes the country's oil industry. The oilfields—Boca, Guico, and Guara blocks—are currently operated by Alvorada

According to Spain's Strategic Oil Stock Company, motor fuel consumption in the country increased 0.8% year-over-year and rose 2.1% month-over-month in July.

According to Iran's Revolutionary Guards, two tankers were targeted by sea mines in the Strait of Hormuz on September 2 and have halted their voyage.

According to Reuters, Brent crude climbed to $95.68 a barrel on September 2 as renewed US-Iran strikes escalated risks in the Strait of Hormuz, gaining more than $7 from Friday's settlement of $88.10. The rise fueled inflation expectations and global government-bond selling, with the US 10-year

According to the Wall Street Journal, Trump on Tuesday urged oil executives at a White House meeting to construct additional refineries capable of producing fuel, though the industry faces significant economic barriers to doing so. Building new refineries requires investments of billions of

According to sources familiar with the matter, India's Oil and Natural Gas Corporation (ONGC) subsidiary OVL has dispatched a 12-member team to Venezuela on September 2 to conduct a week-long inspection of oil and gas assets. This marks OVL's first visit to Venezuela in years. OVL received U.S.

Italy's producer price index (PPI) year-over-year rate reached 9.3% in July, rising from the previous month's 6.80%.

According to BlockBeats, WTI crude oil futures on Hyperliquid rebounded to $90.8 on September 2 from a low of $74.2 on August 5, representing a cumulative gain of approximately 22.4%. The contract reached an intraday high of $92.19.

According to Jin10 Futures, as of September 2, warehouse receipt data for Dalian Commodity Exchange chemical futures contracts showed: polyethylene futures fell 10 contracts to 4,263 hand; polyvinyl chloride futures dropped 52 contracts to 119,742 hand; polypropylene futures declined 515 contracts t

According to Jin10 Futures and FOIZ data, refined oil total inventory at the UAE Fujairah Port rose 0.53 million barrels to 6.412 million barrels for the week ending Aug 31. Light distillates inventory increased 0.308M bbl to 1.549M bbl, while middle distillates rose 0.277M bbl to 1.741M bbl.

According to Jin10 Futures, on Sept 2 midday, energy, shipping, and chemical futures advanced while precious metals, coal, and base metals retreated in China's commodity futures market.