On August 21, WTI (USO) nominal exposure was approximately 22.7269 million barrels, a decrease of 1.397 million barrels in a single day; Brent (BNO) futures open interest was approximately 7.792 million barrels, a decrease of 28,000 barrels in a single day. Behind these changes in open interest, how are funds being deployed? Click to view the full data.

The impact of Trump's remarks on various commodities is clear at a glance! Geopolitical risks in crude oil, safe-haven demand for gold, and changes in the US dollar's preference – key variables analyzed in seconds. Grab it now at a 10% discount! >>

At the APEC Customs and Business Dialogue closing on the 21st, China Customs signed six bilateral agri‑food and customs cooperation agreements with Chile, South Korea and other APEC economies covering imported products including instant noodles containing meat and fresh fruit.

An industry expert said recent price increases for China’s domestic large language models are a correction of a long-standing mismatch that left inference compute costs underpriced. In the near term this appears as a price-to-value recalibration; however, if vendors raise fees without matching gains in stability or capability, users are likely to migrate as model-switching costs fall. Market-relevant signals to watch: whether higher prices are paired with genuine new model capabilities rather than repricing legacy models, and whether incremental revenue is being invested in compute capacity expansion and service infrastructure.

The Russian Defense Ministry said on the 21st Russian forces continued strikes on ports and maritime vessels used by the Ukrainian armed forces, reporting drone strikes on a military warehouse at Reni, a Ukrainian navy patrol boat at Chornomorsk, and port infrastructure storing military materiel at Yuzhny; Moscow also said its forces took control of a settlement in Donetsk region. Ukrainian President Zelenskiy said early on the 21st Ukrainian forces launched long-range strikes that hit two important Russian targets — an oil refinery and a military airfield — and Kyiv reported gains in the Black Sea theater but gave no details on specific targets or damage.

Domestic News: 1. National Energy Administration: Total electricity consumption in China increased by 4.7% year-on-year from January to July 2026. 2. The "Action Plan for Promoting High-Quality Development of Internet and Information Enterprises (2026-2030)" was issued. 3. Ministry of Finance: More than 25 million infants and their families have received childcare subsidies for 2026. 4. Guangzhou Intermediate People's Court accepted the bankruptcy liquidation case of Evergrande Real Estate Group Co., Ltd. 5. Ministry of Finance issued a notice on further improving fiscal and financial coordination policies to promote domestic demand. 6. National Development and Reform Commission publicly solicited opinions on the "Draft Amendments to the Measures for the Administration of Outward Investment". 7. Ministry of Finance: Since the beginning of this year, RMB 187.5 billion has been allocated for the consumer goods trade-in program, driving sales of related goods to approximately RMB 1.32 trillion and benefiting 178 million people. 8. State Council Executive Meeting: We must actively adapt to the new round of technological revolution and industrial transformation, firmly grasp the opportunities presented by the construction of the next-generation communication network, and consolidate and enhance the competitive advantages of my country's information and communication industry. 9. Ministry of Finance: From January to July, national general public budget revenue increased by 5.8% year-on-year; stamp duty reached 353 billion yuan, a year-on-year increase of 38%, of which securities transaction stamp duty reached 186.4 billion yuan, a year-on-year increase of 99.2%. International News: 1. Spot gold surpassed the $4,600 mark, and silver briefly surpassed the $70 mark, the first time since May and June respectively. 2. Trump: Up to 300,000 tons of beef will be imported without additional tariffs for the next 90 days, at a price 25% lower than current market prices. 3. Citadel Securities: Over 80% of the overall risk in the situational awareness fund's portfolio has been mitigated through block trades. 4. Bridgewater Associates founder Ray Dalio warned of the risk of a US debt crisis and recommended increasing gold allocations. 5. Middle East Situation— ① Israeli sources: The possibility of a short-term military confrontation with Iran has decreased. ② Iran's "economic war" plan against the US exposed, with Yanbu and Fujairah becoming the targets. ③ Iranian lawmaker Qassem: A proposal demanding Iran withdraw from the Treaty on the Non-Proliferation of Nuclear Weapons has been submitted to parliament and is currently being pushed forward. ④ Iran: Will respond to enemy threats with devastating action. ⑤ Iranian President calls for an end to the war against the US while maintaining a strong position. ⑥ Oman and the Iranian Foreign Minister discuss conditions for resuming negotiations to support the resumption of navigation in the Strait of Hormuz. ⑦ Trump: Shifting to "economic war" against Iran does not mean that US military options are limited.