Commodities (Crude Oil & Copper) & Macro Outlook

CME Group and Silicon Data plan to launch the first global cash-settled futures contract anchored to GPU computing power rental rates in 2026, according to a CITIC Securities research report. The product marks a potential milestone in the financialization of computing power as a critical asset

According to the Malaysia Palm Oil Board, crude palm oil futures on the Bursa Malaysia Derivatives exchange may open lower Thursday morning (May 14), tracking declines in international crude oil and soybean oil futures. Malaysia's palm oil inventory reached 2.31 million tons at end of April,

According to Indian government announcement, India banned sugar exports until September 30.

According to Jin10 Futures, on Wednesday (May 14), crude oil retreated after a three-day rally, with gasoline prices rising approximately 50 yuan/ton and diesel advancing 20-50 yuan/ton. The benchmark 0 diesel averaged 7,833 yuan/ton, up 77 yuan/ton from the start of the week, while 92 gasoline

According to trader data, commodity funds on Wednesday made net sales of CBOT wheat and soybean oil futures contracts while net buying CBOT corn, soybean, and soybean meal futures. The funds purchased 3,500 lots of soybean futures contracts during the

Dallas Federal Reserve President Beth Hardie Logan is scheduled to participate in a panel discussion on the energy industry later today. As a 2026 FOMC voting member, her remarks may address energy market dynamics and related policy

According to Shanghai Metals United data, on May 13, battery-grade lithium carbonate spot prices rebounded to 201,400 yuan per ton, surging 26,300 yuan per ton since April 29. Multiple lithium salt producers cited tight supply from disruptions in mining logistics and robust downstream demand,

According to Wind data, China's minor metals sector posted Q1 2026 revenue growth of 39.93% year-over-year, with net profit surging 93.45%. Tungsten and rare earth sub-sectors led the performance, according to institutional research reports cited by China Securities

According to Guru Club, on May 14, WTI June crude futures fell 1.14% to $101.02 per barrel, while Brent July futures declined 1.99% to $105.63 per barrel.

According to Jin10 data tracking, Iran and Israel escalated military posturing on May 14, with the Hormuz Strait at the center of tensions. Iran's military commander stated that controlling the strait would generate economic revenue equivalent to twice oil income, while the U.S. Central Command

According to Fitch, BP is expected to reach the lower end of its $14 billion to $18 billion net debt target by the end of 2026. While the Iran conflict poses limited operational impact to BP, Fitch anticipates the company's credit profile will benefit positively from rising oil and gas

According to the U.S. Energy Information Administration (EIA), U.S. jet fuel exports surged to a record high of 455,000 barrels per day last week, surpassing the previous peak set in early April. The increase reflects efforts to meet overseas demand amid global supply

According to Peru's Investment Promotion Agency, Peru's state oil company is set to receive $500 million in mid-June as the first tranche of a $2 billion financing package. The funding is provided by U.S. and European investment banks, which have expressed strong interest in supporting the

According to Bloomberg commodity data, CBOT soybean meal futures rose 2.92% during Wednesday's (May 13) New York closing session, while soybean oil fell 1.50%. Soybean futures gained 0.04%, trading at $12.2725 per bushel. CBOT corn futures rose 0.10%, while wheat futures declined 0.63%. Among

According to Jin10, Shanghai gold futures closed up 0.11% at 1,029 yuan per gram, Shanghai silver futures rose 3.38% to 21,741 yuan per kilogram, and SC crude oil futures fell 3.40% to 622 yuan per barrel at the overnight session close on May 14 at 2:30

According to Reuters, Brazil's government will announce an executive order to subsidize gasoline on Wednesday at 3 p.m. GMT, aiming to mitigate the impact of rising oil prices caused by Middle East tensions on consumers. The government will hold a press conference to detail measures designed to

According to China's Ministry of Natural Resources, the Lhobrak mining area in Tibet has discovered 783,000 tons of new chromite deposits, marking a significant breakthrough in deep exploration. In a separate discovery, explorers found a fourth type of chromite deposit in the Dongqiao region of Tibe

The Bank of Canada stated in its latest policy meeting minutes that members believe they can disregard the initial inflation shock from rising oil prices. However, if oil prices remain elevated for an extended period and continue to drive inflation higher, the

TP ICAP reported record annual revenue of £2.35 billion for the year ended 31 December 2025, up 6% at constant currency, driven by strong activity across over-the-counter financial markets and higher demand for risk management products. Adjusted earnings before interest and tax increased 10%

Libya's National Oil Corporation (NOC) plans to restart the Ras Lanuf refinery within one year, according to the state company's announcement. The facility is among Libya's critical oil infrastructure.