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Canadian Prime Minister Carney: We are not prepared to weaken our key industries.Canadian Prime Minister Carney: We cannot accept the conditions proposed by the United States, and we will not give them what they are asking for.Domestic News: 1. Prices of gold jewelry from several domestic brands have surged. 2. Chinas total box office revenue in August 2026 exceeded 4.5 billion yuan. 3. The 2026 Green Computing Power Conference signed 13 projects with a total investment of 136.1 billion yuan. 4. The Ministry of Water Resources activated a Level IV emergency response for flood prevention in Guangdong, Guangxi, and Hainan. 5. Several banks announced that the maximum interest subsidy for a single person at the same bank has been increased to 5,000 yuan. International News: 1. Anthropics valuation is aiming for 2 trillion US dollars, with financing potentially exceeding 100 billion US dollars. 2. Canada refused to finalize a trade agreement with the United States and will impose a 50% tariff on the US in return. 3. Trump: Solving the 40 trillion US debt problem requires growth; he did not instruct Bessant to intervene in the bond market. 4. Water levels in several European rivers have dropped; French shipping companies announced the imposition of an "inland emergency transport fee." 5. Middle East situation—① Iranian media: Iran has decided to allow some Iraqi oil tankers to pass through the Strait of Hormuz. ② Trump criticizes Iran: Nobody wants to be president, so who am I supposed to talk to? ③ Trump: Shifting to "economic war" against Iran does not mean that US military options are limited.According to Israels i24 channel: The United Arab Emirates has erected a large metal protective fence around fuel storage tanks in Abu Dhabi to protect critical energy facilities from potential Iranian drone attacks.Russian President Vladimir Putin: The global market will not face food shortages due to the issue of Ukrainian exports.

Technical Analysis

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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    Crude oil is a petroleum product that occurs spontaneously and is made of hydrocarbon deposits and other organic components. Crude oil is a type of fossil fuel that is refined to create useable products such as gasoline, diesel, and a variety of other petrochemicals. It is a nonrenewable resource, which means that it cannot be replenished naturally at the pace at which humans consume it, making it a scarce resource.

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    Commodity is a term that refers to a basic good used in trade that is interchangeable with other similar items. Commodities are frequently utilized as raw materials in the manufacture of other items or services.

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    Money is an economic unit that serves as a universally recognized means of exchange in an economy for transactional purposes. Money serves the purpose of lowering transaction costs, namely the double coincidence of desires.

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