Commodities (Crude Oil & Copper) & Macro Outlook

According to Xinhua, the Middle East Energy Expo 2026 opened today in Dubai's World Trade Centre. The three-day event brought together energy and power industry professionals from over 150 countries and

Russian President Vladimir Putin said recently that Russia is willing to supply natural gas to Europe and could restore supplies immediately. According to Putin, European nations only need to make a decision to press a button, but fear of U.S. sanctions prevents them from doing

On September 1, 2026, from 21:00 to 21:15 (UTC), BTC plunged 0.43% within 15 minutes, trading in the 77,072.7–77,514.1 USDT range, with a 0.57% intraperiod range. Its retreat from the intraday high drew market attention. Over the past 24 hours, BTC fell approximately 2.34%, retreating from $79,248.8 to around $77,212, with an intraday low of $76,420. The main driver of this move was a new round of U.S. military strikes against Iran, causing geopolitical risks to escalate sharply. After the U.S.

On September 1, 2026, between 21:00 and 21:15 UTC, ETH fell 0.52% over 15 minutes, returning to the 2,405.19–2,423.15 USDT range, with a price amplitude of 0.74%. ETH had previously gained 2% amid a broad recovery in the crypto market but reversed lower after news of escalating geopolitical conflict emerged, bringing its cumulative 24-hour decline to approximately 2.60%. The primary driver of this volatility was a large-scale U.S. military strike on Iranian targets near the Strait of Hormuz, whi

According to Newsis, South Korean refining stocks rallied sharply on September 2 as global supply disruptions caused by prolonged U.S.-Iran military tensions and Ukraine conflict pushed refining margins higher. SK Innovation surged 7.81% to 135,300 Korean

US stocks fell for the third consecutive day on September 1 (US Eastern Time), with the Dow Jones Industrial Average dropping 419.02 points (0.79%) to close at 52,766.88, the S&P 500 declining 54.67 points (0.71%) to 7,631.47, and the Nasdaq Composite falling 271.1 points (1.03%) to 26,099.77. The d

According to the American Petroleum Institute (API), U.S. crude oil imports reached 242,000 barrels for the week ending August 28, rebounding from -462,000 barrels in the previous week.

According to API data, U.S. crude oil product imports declined to -226,000 barrels per day for the week ending August 28, compared with 254,000 barrels per day in the prior week.

According to API data, U.S. gasoline inventory for the week ending Aug. 28 rose 348,000 barrels, beating the forecast decline of 2.4 million barrels. The prior week saw a decline of 3.201 million barrels.

According to API data, U.S. heating oil inventories fell by 0.35 million barrels for the week ending August 28, compared to a decline of 0.043 million barrels in the prior week.

U.S. crude oil production increased to 294,000 barrels per day for the week ended Aug 28, according to American Petroleum Institute (API) data, up from a decline of 88,000 barrels per day in the prior week.

On Tuesday (Sept 1), spot gold fell 2.48% to close at $4,327.29 per ounce during New York trading hours, extending its broader downward trend. Spot silver declined 3.70% to $64.11 per ounce, while COMEX copper futures slid 2.31% to $6.53 per

According to the American Petroleum Institute (API), U.S. crude oil inventories declined 2.6 million barrels last week, compared to an increase of 4.2 million barrels in the prior week. Cushing crude inventories rose 0.2 million barrels versus 1 million barrels previously. Gasoline stockpiles increa

On Tuesday (September 1), gold ETFs fell 2.86%, leading declines across major U.S. asset-linked ETFs. Nasdaq 100 ETF dropped 1.27%, while Russell 2000 and U.S. Treasuries 20+ year ETFs fell 1.14% and 0.41%, respectively. Brent crude oil funds surged 5.15%, with agricultural commodities also

According to President Putin, Russia still needs to repair approximately 10% of its oil refining facilities in relation to the ongoing Ukraine conflict. The statement underscores the impact of the conflict on Russia's energy infrastructure and production

WTI crude oil rose 6.0% intraday on September 1, trading at $90.91 per barrel.

U.S. API crude oil inventory data for the week ending August 28 is set to be released in approximately 10 minutes. The American Petroleum Institute reports weekly stockpile figures that are closely monitored by energy

U.S. forces struck Islamic Revolutionary Guard Corps (IRGC) targets near the Strait of Hormuz at 12 p.m. ET on Tuesday, the U.S. Central Command (CENTCOM) confirmed. The strikes followed recent attempted attacks by the IRGC against commercial shipping in the Strait and against American service

According to Jin10 data, on September 1, crude oil futures surged overnight. WTI crude for October delivery rose $4.46 to $90.22 per barrel, up 5.2%; Brent crude for November delivery gained $4.16 to $94.65 per barrel, up 4.6%.

According to CENTCOM, on September 1 at 12 p.m. ET, U.S. forces began striking Islamic Revolutionary Guard Corps targets in Iran near the Strait of Hormuz in retaliation for recent attempted attacks on commercial shipping and American personnel. The strikes followed an Iranian attempt to place