Commodities (Crude Oil & Copper) & Macro Outlook

According to Reuters, three Saudi-flagged supertankers carrying approximately 6 million barrels of crude oil transited through the Strait of Hormuz on Thursday (June 19), shipping data shows.

CME Group is preparing to take legal action against the US Commodity Futures Trading Commission (CFTC) over perpetual futures contracts. The exchange operator plans to file the lawsuit on Thursday. The dispute follows the CFTC's decision last month to approve bitcoin perpetual contracts as futures p

CME Group, the world's largest futures exchange operator, is preparing to file a lawsuit against the US Commodity Futures Trading Commission (CFTC) on Thursday over the regulator's recent approval of perpetual futures contracts. CME argues that perpetual futures should be classified as swaps under t

According to NEWSIS, South Korea's government extended the freeze on fuel prices for an additional month as of June 18. The price ceiling measure, originally implemented to stabilize energy costs, will remain in effect through

According to Singapore's Economic Development Board (EDB), distillate oil inventories rose 1.332 million barrels to 8.236 million barrels for the week ending June 17, marking a 3-week high.

According to Singapore's Economic Development Board, light distillate oil inventories fell 633,000 barrels to 12.031 million barrels in the week ended June 17, reaching a two-week low.

Hyperliquid, a decentralized exchange for perpetual futures, faces ongoing regulatory debate as of the 18th. The platform recorded approximately $93 billion (142 trillion won) in 24-hour trading volume, representing 36% market share among perpetual futures DEXs. The regulatory scrutiny stems from Hy

On June 18, Chinese Foreign Ministry spokesman Lin Jian stated that China's stance on maintaining stability in global supply chains for critical minerals has not changed, responding to G7's commitment to reduce dependence on Chinese rare earths and critical minerals. Lin noted that all parties

According to Jin10 Futures, on June 18, Shanghai Futures Exchange pulp futures warehouse receipts rose to 241,467 tons, up 655 tons compared to the previous trading day, while pulp factory warehouse receipts remained unchanged at 20,000 tons. Among other energy and chemical futures, petroleum

According to Iran's Student News Agency, 89% of production capacity at Iran's largest petrochemical conglomerate has resumed operations following wartime shutdowns.

According to Ukrainian President Volodymyr Zelensky, Ukraine launched its second strike on a Moscow oil refinery this week.

According to Azerbaijan's Emergency Situations Ministry, a fire at the Baku oil refinery has been extinguished.

According to the U.S. Energy Information Administration, crude oil inventory fell for the eighth consecutive week as of June 12, hitting levels not seen since July 1983. Strategic petroleum reserves dropped to their lowest since July 29, 1983, while Cushing crude storage fell to approximately 20

According to Goldman Sachs' June 17 report, oil flow through the Hormuz Strait may only recover to about 70% of pre-war levels, as regional producers increasingly rely on alternative routes. The analysis shows that for Gulf crude exports to return to pre-war levels, daily flow through the strait

Shanghai Containerized Freight Index Europe route main contract futures rose 3.00% intraday today, reaching 3,818.5 points.

According to Guru Club, lithium carbonate futures fell 6% intraday on June 18, trading at 161,420 yuan/ton.

CME Group announced plans on June 18 to sue the Commodity Futures Trading Commission over its decision to approve regulated crypto perpetual futures platforms including Kalshi, Coinbase, and Kraken. CME CEO Terrence Duffy argued on CNBC's Fast Money that perpetual futures are effectively swaps

According to CME data on June 17, gold and silver trading activity and open interest increased. Gold saw 181,188 contracts traded with 339,700 open interest, up 81,509 contracts and 370 contracts respectively from the prior day. Silver recorded 73,730 contracts traded with 107,780 open interest,

According to Jin10 Futures and Chuangyi Intelligence data on June 18, 2026, China's gasoline and diesel retail prices are set to fall as crude oil prices declined. The crude oil change rate reached -11.62% as of June 17 close. Retail prices for 92 and 95 gasoline are expected to drop 0.40 and 0.43 y

WTI crude oil broke below $74 per barrel today (June 18), marking a new low since March 4, down 2.35% intraday.