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Recently, 200 oil and gas executives and bitcoin miners reunited, drank beer, and talked shop on a residential back street in Houston, in a 150,000 square-foot warehouse preserving high-end vintage cars. One hot issue of debate is the use of "stranded" natural gas to power bitcoin mining rigs, which minimizes greenhouse gas emissions while also generating revenue for both the gas providers and the miners. It was also on the agenda to use political clout to educate legislators about bitcoin. @CNBC

Aluminum futures surpassed $2,700 per tonne for the first time since May 2011 as a result of rising demand, shipping difficulties, and limited supply. China halted smelting to minimize emissions and achieve environmental goals, while India, the world's second-largest producer of the energy-intensive metal, faces a shortage of coal. Containers for transporting industrial metals from Asia to the U.S. and Europe are also in short supply. Meanwhile, on the basis of climate change investment, worldwide aluminum consumption is expected to rise 8% this year. Source: TradingEconomics

Brent oil futures rose more than 0.5% to almost $72 a barrel on Wednesday, bouncing back from a 0.8% drop the day before as investors awaited the outcome of the OPEC+ meeting and assessed the damage caused by Hurricane Ida, which shut down refineries along the US Gulf Coast. Despite calls from the US for grater output and OPEC's own data suggesting the market will be in deficit until the end of 2021, the cartel is poised to stick to its strategy of adding 400,000 bpd per month through December. Source: TradingEconomics 

The US real 10-year yield has fallen by 10 bp since Friday has not done a whole lot for gold prices, which fell by 0.4% today. The relationship between real yields and gold has broken apart since June, which some people blame for concerns that gold will eventually suffer as yields start rising again. Perhaps this is a good buying opportunity though, with Palantir recently buying gold as a hedge against the apparent rising risk of black swan events. Source: MacroMarketsDaily

On supply limitations and dwindling stocks, US gasoline futures soared beyond $2.3 a gallon, approaching levels not seen since October 2014. Hurricane Ida made landfall in Port Fourchon, Louisiana, a center for the Gulf's offshore energy industry, causing processing facilities to be disrupted. Also, according to the official Energy Information Administration data, gasoline supplies in the U.S. declined by 2.242 million barrels last week, far more than the 1.557 million predicted. Source: TradingEconomics