Commodities (Crude Oil & Copper) & Macro Outlook

According to a Reuters investigation reported by Jin10, Iranian forces and allied militias have conducted at least 135 precision strikes on 84 critical infrastructure targets across the Gulf region since February 28. The attacks targeted key oil, natural gas, power, and transportation facilities, ca

According to Rappler, on October 12, Philippine economist Estella Dhiel B. Villamiel highlighted severe economic headwinds facing the country. The Philippines' GDP growth slowed to 2.6% in the first half of 2026, marking the slowest expansion in nearly two decades outside pandemic years. Inflation r

The USD-KRW exchange rate stood at 1,342.00 won as of 6 AM on October 16, down 2.60 won from the previous Seoul session close of 1,344.60 won. The decline followed a sharp drop in US Treasury yields driven by risk-off sentiment from AI-related asset selling and a rebound in US equity markets.

According to Guru Club, South Korea requested the United States to provide tax relief for an Alaska liquefied natural gas project on October 16.

According to the U.S. Department of Labor, on October 15, the U.S. September Producer Price Index (PPI) surged 1.3% month-over-month, nearly triple the market expectation of 0.5% and marking the highest since March 2022. Core PPI rose 0.7%, also exceeding the 0.3% forecast. However, equity markets p

According to Jin10, Venezuelan opposition leader Maria Corina Machado said this week that Washington's newly selected oil partner Alejandro Betancur is involved in "extremely serious corruption." Betancur recently secured a lucrative deal with the Trump administration that grants him control over

According to Jin10, global equities and commodities posted mixed overnight gains on October 16. The U.S. Dow Jones rose 1.08% to 52,177.69 points, while the S&P 500 gained 0.33% and the Nasdaq edged up 0.08%. European markets also advanced: the DAX rose 0.33%, the CAC 40 gained 0.78%, and the

According to British media, on October 16, President Zelensky announced Ukraine would resume strikes on Russian oil refineries and criticized the United States for weakening support. Russian President Putin vowed to respond to Ukrainian attacks on refineries. Reports confirmed a Ryazan oil

According to Guru Club, India has imposed windfall taxes on fuel exports effective October 16, 2026. Gasoline exports will be taxed at 2.5 Indian rupees per liter, while diesel exports face a rate of 8.5 rupees per liter.

According to Iran's state broadcaster IRIB, Iranian military commander Mohammad Bagheri Hatami warned on October 15 that the Strait of Hormuz remains closed and will not reopen until Iranian people's rights are respected. He stated that Iran's Revolutionary Guards Navy controls the western Strait

According to MONGOL MINING (00975), coal trucks crossing into GM averaged 897 per operating day in Q3 2026, down 34% compared to 1,366 trucks per day in Q2 2026. Year-to-date through September 30, the average reached 1,177 trucks per operating day, representing a 15% increase versus 1,023 trucks per

Ripple Prime launched perpetual swaps tied to more than 100 traditional-market reference assets, giving institutional clients round-the-clock exposure to equities, indexes, ETFs, metals, energy and foreign exchange. The contracts reference perpetual futures listed by Trade.xyz on Hyperliquid,

West Texas Intermediate (WTI) crude oil extended its rally for a sixth consecutive trading day on the 15th, driven by a larger-than-expected drawdown in US commercial crude inventories. WTI November delivery rose $2.88 (3.03%) to close at $97.97 per barrel on the New York Mercantile Exchange,

Ripple Prime has expanded its institutional derivatives offering with perpetual swaps referencing more than 100 traditional-market assets, including equities, indexes, ETFs, metals, energy and foreign exchange. Contracts reference perpetual futures listed by Trade.xyz on Hyperliquid, and eligible in

On Thursday, October 15, U.S. commodity and equity ETFs posted mixed trading. Gold ETF rose 1.79%, leading gains among major asset classes. Long-term U.S. Treasury ETF, Russell 2000 ETF, and U.S. Real Estate ETF climbed 1.37%, 1.37%, and 1.21% respectively, while S&P 500 ETF and Long EUR ETF

According to Jin10, on Oct 15, WTI crude for November delivery rose $2.88 to close at $97.97 per barrel, up 3.03%. Meanwhile, Brent crude for December delivery fell 14 cents to $105.92 per barrel, down 0.13%, narrowing the spread between the two

Chicago Board of Trade soybean futures fell 1% to $12.6425 per bushel on Thursday (Oct 15) as commodity markets retreated. Bloomberg Grain Index declined 0.70% to 32.0872, slipping below its 100-day moving average and approaching August lows. Soybean meal futures dropped 1.29%, while soybean oil fut

According to Jeff Currie, founder and CEO of Real Macro, Brent crude—the global benchmark for oil futures—has become a "sentiment contract" disconnected from physical market realities, weakening its utility as a price risk management tool. "Everything energy-related is rising, except Brent crude," C

According to FinanceFeeds, WTI crude oil broke above the 95.00 resistance level on October 15, 2026, completing a Three White Soldiers daily candlestick pattern. The next target is resistance level 100.00, previously reached in mid-September. The breakout was

According to a government order, India will impose export levies of 2.5 rupees per liter on gasoline and 8.5 rupees per liter on diesel starting October 16.