Commodities (Crude Oil & Copper) & Macro Outlook

According to the International Air Transport Association (IATA), global airlines' profits are forecast to decline by 50% in 2026 due to a $100 billion surge in fuel costs. The organization warned that skyrocketing fuel prices will significantly compress the industry's profitability and operating

According to Guru Club, Brent crude oil broke below $92 per barrel on June 9, falling 2.43% intraday.

According to Guru Club, WTI crude oil futures fell 3% to $88.564 per barrel on June 9, while Brent crude futures declined 2.63% to $91.769 per barrel, as international oil prices continued their downward

According to market sources, Urals crude shipments scheduled for delivery to India in July and August are trading at a discount of $2–3 per barrel versus Brent crude.

Basf CEO warned that escalating inflation and potential supply chain disruptions from an Iran war pose risks to the automotive industry and broader economic outlook. The executive stated that shortages of raw materials are becoming more likely, potentially halting complex production chains

According to Guru Club, U.S. crude oil import price reached $78.24 per barrel in April, up 18.4% year-over-year from $66.06 per barrel in April 2025. The price also increased from $63.40 per barrel in March.

According to Jin10, WTI crude oil fell over 2% ahead of the night session on June 9, extending its decline in international oil markets.

Canada's exports reached 75.16 billion CAD in April, according to official data. The previous month's figure was revised upward from 72.77 billion CAD to 73.98 billion CAD.

Oxford Economics sees U.S. core inflation shifting from tariff pass-through to AI investment and energy supply shocks through 2026-27, marking a change in the primary drivers of domestic price pressures.

Eskom today launched Eskom Green, a dedicated renewable energy business designed to accelerate utility-scale renewable energy projects and support large power users in achieving decarbonization objectives. The new entity responds to research on over 20 global utilities, which indicates renewable pro

According to sources, the European Union will propose keeping the price cap on Russian oil at $44.10 per barrel unchanged for six months, while tightening restrictions on shadow fleet operations.

According to Kitco News, gold prices broke through critical support on Friday after the Bureau of Labor Statistics reported that 172,000 jobs were created in May, significantly exceeding expectations. Markets are now pricing in a nearly 50% probability of a rate hike as early as

According to Indian government officials, India's government provided approximately 1.2 trillion rupees in subsidies to state-owned oil retailers over the 78-day period following the outbreak of the Iran war, after the companies refrained from raising fuel retail

According to CCTD China Coal Market Network, Chinese coal spot demand fell short of expectations on June 9, with major ports seeing stable to rising inventory levels. Buyer pressure on pricing intensified, dampening market sentiment. The Yulin region showed slight strength, with select mines

According to a Reuters/Ipsos poll released on Monday (June 8), President Trump's approval rating stood at 35%, hovering near the low point of his tenure, amid rising energy prices and concerns about Iran conflict. Fifty-nine percent of surveyed Americans expect gas prices to continue rising over the

According to U.S. Bank's Global Research division, May consumer price inflation is forecast to climb 0.46% month-on-month, with annual CPI reaching 4.2%—the highest level since April 2023. The increase is primarily driven by energy price gains, according to Jin10. Core CPI is expected to show

According to Jin10, Tongyuan Petroleum successfully won the tender for Algeria's state-owned Sonatrach oil and gas service project on June 9. The 4-year contract is worth approximately $150 million (10.21 billion yuan), comprising 124 million U.S. dollars and 3.501 billion Algerian dinars. The

According to analyst Tatha Ghose at Commerzbank, on June 9, rising energy prices driven by geopolitical tensions in Iran have recently boosted Russia's oil and gas revenues, providing support for the ruble. However, the analyst noted that oil prices may decline by year-end, while damage to Russian r

According to analyst Tatha Ghose of Commerzbank, released on June 9, rising energy prices stemming from tensions in Iran have recently boosted Russia's oil and gas revenues, providing support for the ruble. However, Ghose noted that oil prices may decline by year-end, while refineries damaged by