Commodities (Crude Oil & Copper) & Macro Outlook

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

According to Bill Adams, chief economist at Comerica Bank, U.S. May CPI is expected to exceed 4% year-over-year, marking the highest level in three years, driven primarily by gasoline price increases in May. Core CPI is projected to rise approximately 3% year-over-year. Adams also anticipates

According to Insight Investment analyst Jan Felix Gloeckner, the European Central Bank's rate hike on Thursday (June 12) is now essentially confirmed due to escalating Middle East tensions and prolonged energy disruptions. The senior investment expert noted in a report that ECB staff forecasts may l

According to Jin10 Futures, on June 9, China's polyester fabric price index tracked by the Ministry of Commerce Silk & Chemical Fiber Index in Shengze closed at 101.48 points, up 0.03 from the previous trading day. Polyester fabric prices continue to recover amid rising crude oil costs. Notably,

According to Shanghai Futures Exchange official announcement, on June 9, 1 group of accounts under common control exceeded the daily intraday opening volume limit on relevant contracts. The exchange determined that the trading behavior violated Article 16 of the Exchange's Abnormal Trading

According to Guru Club, on June 9, WTI crude oil fell below $89 per barrel, declining 2.55% intraday.

According to Jin10 Futures, on June 9, Shanghai Futures Exchange warehouse receipts displayed mixed movements across key commodities. Silver holdings fell to 929,470 kg from 958,805 kg previously. Nickel inventories rose by 2,545 tonnes to 89,358 tonnes, while international copper increased 2,227 to

Brent crude oil declined 2% during intraday trading on June 9, falling to $92.36 per barrel.

According to Farside Investors and Strategy disclosures, Bitcoin crashed to a 2026 low of $60,800 last week, marking a decline of nearly 14% and erasing months of gains. The sell-off was compounded by Strategy's first Bitcoin sale since 2022, when the company sold 32 BTC for $2.5 million to cover