Commodities (Crude Oil & Copper) & Macro Outlook

According to the American Automobile Association (AAA), a record 39.1 million Americans are expected to take road trips exceeding 50 miles during Memorial Day weekend 2026. Current gasoline prices are holding above $4.50 per gallon, a significant increase from $3.17 per gallon during the same

According to White House officials, President Trump will sign an executive order on Monday (May 12) to increase beef imports and support recovery of the U.S. cattle herd.

LME copper futures rose 2.6% today, reaching $13,930 per ton on its sixth consecutive trading day of gains, approaching the January 29 high of $14,527. LME tin surged 3.5% to $54,970, marking its highest level since March 2, while aluminum gained 2.1% to $3,576.

According to CBS, President Trump stated today that he does not intend to provide a bailout to the airline industry in response to rising aviation fuel prices.

COMEX copper prices rose 3% to $6.49 per pound today, marking the highest intraday level since January 29.

LPG rose 3.2% during the night session on May 11, while low-sulfur fuel oil gained 0.8% and soda ash increased 0.6%.

According to EnaGas, Spain's natural gas imports fell to 28,732 GWH in April, down 12.7% from 32,903 GWH in the same period last year. LNG accounted for 65.3% of imports, with pipeline deliveries comprising the

According to BlockBeats, on May 11, President Trump announced a temporary suspension of the federal gasoline tax.

According to CBS, President Trump recently called for a pause on the federal gas tax.

According to Saudi Aramco CEO Amin Nasser on May 11, the Strait of Hormuz disruptions could trigger an unprecedented global oil supply shock, potentially delaying market recovery to 2027. If the critical shipping channel remains blocked long-term, global crude supply could drop by

According to Reuters and two sources familiar with the matter, India rejected Russia's offer to sell U.S.-sanctioned liquefied natural gas (LNG) in mid-April, leaving a tanker stranded. The LNG cargo, originating from Russia's Portovaya Baltic facility, could not be unloaded despite the vessel

According to Fox News, on May 11, Trump said he is considering restarting PROJECT FREEDOM, a shipping corridor guidance plan introduced during the 2026 Iran crisis.

According to an emergency decree issued on May 11, Peru's government has authorized state-owned oil company Petroperu to seek $2 billion in state-guaranteed loans to ensure business continuity. The decree stipulates that the Energy and Mining Ministry will assume contingent liabilities and related

According to JPMorgan Chase, the bank forecasts average oil prices of $96 per barrel for 2026. The bank projects quarterly prices at $103/barrel for Q2, $104/barrel for Q3, and $98/barrel for Q4.

According to The Block, Bitcoin is trading above $81,000 on Monday, briefly clearing $82,000 earlier in the session and sustaining a monthly gain of over 11%, as geopolitical uncertainty rather than fundamentals drives market direction. Iran rejected the Trump administration's peace framework,

According to ship-tracking company Kpler, three oil tankers departed Hormuz Strait on Sunday, ending three consecutive days without vessel transits through the strategic waterway. The tankers—Stella, Kiara M, and Agios Fanourios I—were tracked leaving the region, with two of them appearing to have l

According to sources cited by foreign media, India is considering emergency measures on May 11 to support its foreign exchange reserves, including restrictions on non-essential imports such as gold and consumer electronics, as well as raising fuel prices. The Prime

According to Saudi Aramco CEO Nasser, the Yanbu North and Yanbu South facilities have daily export capacity of 5 million barrels. The company is studying further expansion of this capability.

According to Gate data, crude oil prices declined by approximately $1 on short-term weakness. WTI crude fell below $97 per barrel, while Brent crude hit a low of $101.03 per barrel.

According to recent reports, Harassed, director of the White House National Economic Council, stated that high energy prices are extremely unlikely to trigger a U.S. economic recession.