Commodities (Crude Oil & Copper) & Macro Outlook

Russian-controlled oil company NIS has applied to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) for a new license to continue operations after June 16, the company stated.

According to Kyodo News, Japan is negotiating with the U.S. Treasury Department regarding the extension of sanctions exemptions for Russia's Sakhalin-2 energy project.

According to Iraq's State Organization for Marketing of Oil (SOMO), the official selling price for Basra Light crude oil exports to Europe in July has been set at a discount of $4.4 per barrel to the front-month Brent crude

Iraq's State Organization for Marketing of Oil (SOMO) set its official selling price for Basrah Medium crude destined for North and South America in July at a premium of $5.40 per barrel to the ASCI benchmark.

According to Iraq's State Organization for Marketing of Oil (SOMO), the organization set the official selling price of Basrah Light crude exported to Asia in July at a discount of $1.80 per barrel to the Oman/Dubai benchmark price.

According to the Wall Street Journal, on June 10, the U.S. Commodity Futures Trading Commission (CFTC) proposed new rules to regulate prediction markets. The proposed rules aim to allow most sports-related prediction markets to continue operating while preventing market

LME nickel fell over 3% intraday on June 10, trading at $17,518.4 per ton.

According to Shell CEO, the oil market faces a supply shortage of 1.2 billion barrels due to recent events in the Strait of Hormuz. The CEO's statement reflects concerns over disruptions to critical petroleum shipping routes, which play a central role in global oil supply

According to Jin10, copper prices maintained narrow-range consolidation on June 10 as macroeconomic pressures and supply disruptions balanced each other. Strong U.S. employment data and elevated inflation expectations supported Treasury yields and the dollar index, with market expectations for Fed r

According to Kazakhstan's Energy Ministry, the country is expected to produce 98 million tons of oil in 2026, the state news agency reported. The forecast reflects the ministry's projections for annual petroleum

According to Shanghai International Energy Exchange data, energy commodity futures inventory positions held steady on June 10 with no daily changes reported. Pulp futures warehouse inventory remained at 235,809 tonnes, while factory warehouse inventory stood at 20,000 tonnes. Stone bitumen futures w

Polysilicon mainline contracts surged intraday on June 10, with gains expanding to 4% during the trading session.

According to Huize, Chinese lithium producers including China Minerals, Shengxin Lithium, and Yaca Group have resumed shipments of lithium concentrates from Zimbabwe's Bikita mine. China Minerals confirmed shipping 5,000 to 7,000 tons of material in mid-May, while Shengxin Lithium stated its Zimbabw

The White House completed its review of the Commodity Futures Trading Commission's (CFTC) proposed prediction markets framework last Friday, according to the Office of Information and Regulatory Affairs (OIRA) website. The completion clears the way for CFTC to release its draft rule for a second

According to OIRA, the White House completed its review of the Commodity Futures Trading Commission's (CFTC) prediction markets proposal framework on June 6. The regulator's draft rule is expected to enter a second round of public comment soon, followed by further White House review and a final

According to Maria Bertzeletou, senior market analyst at Signal Group, the Baltic Dry Index (BDI) fell 3.4% to 2,818 points on June 9, marking its longest consecutive decline since mid-January. The index tracks shipping rates for Capesize, Panamax, and Supramax vessels transporting commodities

According to Jin10 Data, oil-themed LOF funds fell on June 10 after opening higher. Stone Oil Fund LOF, China Pacific Oil Gas LOF, and Global Oil & Energy LOF each dropped over 1%. China JA Crude Oil LOF and E Fund Crude Oil LOF turned negative in afternoon trading, while China Southern Crude Oil LO

According to BIT analysis, Bitcoin hovered near $60,000 on June 10 ahead of tonight's U.S. CPI release, with investors navigating three concurrent risks: sticky inflation, declining risk appetite in AI-related assets, and escalating geopolitical tensions around Iran. Options market data

According to CME data, on June 9, precious metals and crude oil futures displayed divergent trading patterns. Gold, silver, and copper all posted gains in both volume and open interest. Gold volume rose 4,471 contracts to 160,487, with open interest increasing 1,689 contracts to 332,845. Silver volu

According to Chuanchuang Intelligence data, China's marine fuel oil production in May 2026 totaled 406,000 tons, down 4.38% month-on-month but up 0.84% year-over-year. Production declined due to reduced feedstock availability following China National Offshore Oil Corporation's Taizhou facility