Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration (EIA), American oil supply fell to 20.38 million barrels per day in March, marking the lowest level since November 2025.

TotalEnergies CEO stated that after January 1, 2027, it remains unclear whether the company can legally commercialize natural gas from the Russian Yamal LNG project, citing multiple possible interpretations of European Union

According to Guru Club, Brazilian state-controlled oil company Petrobras is considering doubling the production capacity of its three fertilizer plants, as reported on May 29.

According to Gloriun Club, U.S. President Trump stated today that ships currently stranded in the Strait of Hormuz may begin resuming their passage.

The Commodity Futures Trading Commission permitted perpetual futures contracts in the United States, approving KalshiEX, LLC and Coinbase Financial Markets, Inc. to offer these products. The CFTC's Division of Clearing and Risk, Division of Market Oversight and Market Participation Division issued a

According to the Associated Press on May 29, tomato prices in the U.S. have risen approximately 40% compared to one year ago, outpacing increases in coffee, roast beef, and frozen seafood. Data released on May 28 showed U.S. April inflation reached 3.8% year-over-year, marking a three-year high, ac

According to Bloomberg shipping data compiled on May 29, 29 of the 109 large tankers (capacity of 700,000 barrels or more) stranded in the Persian Gulf since the Iran conflict erupted on February 28 have successfully navigated through the Strait of Hormuz. The escape rate represents

According to Chile's National Statistics Institute (INE), the world's largest copper producer saw copper output decline 13.8% year-over-year in April to 399,954 tons from 464,056 tons a year earlier. The drop was driven by high year-ago base comparisons and lower ore grades at major mining

According to Reuters, Russia's diesel production declined by approximately 10% in May compared to April due to Ukrainian drone attacks on Russian oil infrastructure.

According to Bank of America, on May 29, the bank's Bull-Bear Indicator fell to 9.4, confirming late-stage bubble characteristics in the current market despite extreme bullish sentiment. The bank noted that capital is flowing away from AI-focused assets, including mega-cap tech stocks and Bitcoin, t

According to Kazakhstan's Energy Ministry, oil production at the Tengiz field halted on May 28 due to an operational failure. The production disruption was temporary.

According to BlockBeats, on May 29, Garrett Jin, representing a major Bitcoin OG whale, stated that artificial intelligence has redirected capital flows away from the crypto market toward AI stocks, citing a liquidity drain in crypto that began last October. Jin indicated his team exited crude oil p

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 12% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to the German Chemical Industry Association (VCI), on May 29, the sector's first-quarter production fell 6% year-over-year, with producer prices dropping 1% and sales sliding 5.4%. The association warned that elevated energy, raw material, and transportation costs stemming from Middle

According to a Reuters survey, the average U.S. crude oil price for 2026 is projected at $84.63 per barrel, up from the April forecast of $80.07 per barrel, reflecting a roughly 5.7% increase in expectations.

According to Iran, 24 vessels passed through the Strait of Hormuz in the past 24 hours on May 29 under the coordination of the Islamic Revolutionary Guard Corps.

According to Iran, 24 vessels coordinated by the Iranian Revolutionary Guard Corps passed through the Strait of Hormuz in the past 24 hours on May 29.

According to the Shanghai Futures Exchange, effective June 2, 2026 (starting from the June 1 night session), intraday opening trading limits for fuel oil futures contracts FU2609, FU2610, FU2611, FU2612, FU2701, FU2702, FU2703, FU2704, FU2705, FU2706, and subsequent new contracts have been

According to Guru Club, WTI crude oil fell 2% intraday on May 29, trading at $89.24 per barrel.