Commodities (Crude Oil & Copper) & Macro Outlook

According to EIA, during the week ending June 12, U.S. crude oil inventories at Cushing, Oklahoma declined 1.606 million barrels, compared to a previous decline of 0.801 million barrels.

According to the U.S. Energy Information Administration (EIA), refined oil imports for the week ended June 12 declined to negative 204,000 barrels per day, compared to negative 411,000 barrels per day in the prior week.

The U.S. Energy Information Administration (EIA) will release crude oil inventory, Cushing crude oil inventory, and strategic petroleum reserve (SPR) inventory data for the week ending June 12 in approximately 10

According to Guru Club, on June 17, WTI crude oil futures rose 2.21% to $76.931 per barrel, while Brent crude futures gained 2.13% to $80.641 per barrel.

U.S. President Trump stated recently that oil prices are experiencing a significant decline. He reiterated that the Strait of Hormuz will open immediately following the signing of an agreement.

Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan stated at the 2026 Lujiazui Forum on June 17 that international capital is now concentrating on Asia, with China's tech innovation rise becoming a top choice rather than an option for global investors. Chan emphasized that under rising

U.S. natural gas futures declined 3.00% during intraday trading on June 17, settling at $3.141 per million British thermal units (MMBtu).

Financial markets are in a holding pattern ahead of the Federal Reserve's policy meeting on 06/17/2026, marking the debut of new Fed Chair Kevin Warsh. The consensus expectation is that interest rates will be held steady, with volatility anticipated from the release of the updated Summary of

According to sources, Russia plans to import gasoline by sea in June to address domestic shortages.

According to Kapital Economics analyst Jack Allen-Reynolds on June 17, eurozone inflation is unlikely to rise significantly further. May's inflation was driven by fuel prices, which should moderate in the near term. Reynolds noted that if oil and natural gas transportation through the Strait of

According to Scotiabank's Pooja Kumra, a sharp oil price decline could reduce market expectations for Bank of England rate hikes over coming months. Brent crude has fallen to $79.5 per barrel from around $95 a week ago, following a U.S.-Iran peace agreement. Data from the London Stock Exchange

According to BlockBeats on June 17, Bitcoin rebounded 13.5% from its June 5 low of $59,200, but analysts say the rally stems primarily from seller exhaustion and easing macro pressure rather than new buyer demand. Bitfinex analysts noted that BTC has stalled below the $68,266 quarterly open and

According to Rabobank's energy strategists on June 17, long tanker voyages of 28 to 55 days will constrain how quickly the oil market can rebalance, even after the Strait of Hormuz reopens. Analysts Joe DeLaura and Florence Schmit noted that shipping companies rerouting tankers via Cape of Good

On June 17, UK Business Secretary McDonald engaged in broad outreach with the European Union on steel measures. He stated that if the UK does not take action, it will lose its steel manufacturing industry.

According to Iran's state television on June 17, three Iranian oil tankers carrying approximately 5 million barrels of crude oil have passed through the Strait of Hormuz to their destinations, according to reporting by Jin10. Iranian state media said the vessels broke through U.S. naval

West Texas Intermediate crude traded below $76 per barrel and Brent crude slipped under $79 per barrel on Wednesday as both benchmarks hovered near their lowest levels since early March. The decline followed investor expectations that a US-Iran interim agreement, anticipated to be signed in

On June 17, Ukraine's military struck a 'shadow fleet' tanker in the Black Sea, according to military officials. Shadow fleet vessels are used to transport sanctioned Russian oil and circumvent international

According to QCP Market Colour, this week geopolitical tensions eased after the U.S. and Iran signed a memorandum of understanding with signals of Strait of Hormuz reopening, lifting risk assets; U.S. stock futures hit record highs and crude oil retreated

According to U.S. President Donald Trump, the Strait of Hormuz will be fully opened within one to two days (June 17). Trump stated the strait has already partially opened and will operate at full capacity. He attributed market satisfaction to the Iran agreement, and noted that oil prices are

According to sources, Russia's oil exports through its western ports increased 35% compared to initial plans in the first half of June.