Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Department of Energy, 8.5 million barrels of crude oil passed through the Strait of Hormuz on Sunday (July 12) with U.S. military support, despite weekend clashes with Iran. The department's spokesperson stated that U.S. forces will ensure continuous oil transportation

On Monday, July 7, South Korea's Kospi index plunged nearly 9% after SK Hynix shares crashed and triggered a market-wide trading halt. The sell-off was driven by a wave of artificial intelligence stock liquidation across the region. MSCI's Emerging Markets index fell 2.4%, closing at its lowest

On July 13, broad US ETF classes declined sharply. Emerging markets ETF fell 3.59%, gold ETF dropped 2.62%, and Nasdaq-100 ETF declined 1.90%. Barclays US convertible bond ETF fell 1.31%, Russell 2000 index ETF and S&P 500 ETF each fell at least 0.77%, while 20+ year US Treasury ETF declined 0.59%.

According to Mohamed El-Erian, Chief Economic Advisor at Allianz, crude oil prices remained below $80 per barrel on Monday despite escalating U.S.-Iran tensions over the weekend. During a CNBC interview, El-Erian explained that markets deeply believe the ongoing skirmishes between the two nations

U.S. natural gas futures fell to a seven-week low last week, driven by increased production in the Permian Basin and reduced flows to liquefied natural gas export terminals. Permian Basin daily output exceeded 23 billion cubic feet in late June, the highest level since early May, while LNG terminal

According to workers at the facility, Venezuela's smallest refinery, El Palito, restarted its fluid catalytic cracking (FCC) unit on Monday. The 146,000-barrel-per-day facility's FCC unit is essential for producing vehicle fuel. The restart follows a power outage caused by earthquakes in late June t

According to Bloomberg commodity indices, on Monday (July 13), CBOT wheat futures declined 0.75% during New York afternoon trading, while soybean oil futures rallied 3.13% to lead grains higher. The Bloomberg Grain Index fell 0.13% to 30.8578 points after trading higher earlier in the session. New

According to Bloomberg data, on July 13 at New York close, CBOT wheat futures fell 0.75%, while soybean oil futures surged 3.13% and maintained upward momentum throughout the session. Meanwhile, New York cocoa futures declined 4.24% to $5,808 per ton, having fallen to $5,463 intraday, narrowing

WTI August crude oil futures rose $6.73, or 9.42%, to $78.14 per barrel. Abu Dhabi Murban crude advanced 9.78% to $77.91 per barrel. NYMEX August natural gas futures settled at $2.8970 per million BTU, while gasoline futures closed at $3.1663 per

Shanghai Futures Exchange crude oil futures contract 2608 rose 6.2 percent overnight (July 13) to close at 500.30 yuan per barrel. Shanghai gold futures declined 2.12 percent, while Shanghai silver futures fell 2.84 percent in the same

According to Jin10, Iran's foreign minister said on July 14 that any party providing security for commercial vessels through the Strait of Hormuz should be compensated. However, he argued that a 20% fee is too high and stated that Iran would charge a fair rate instead. The comments were in

Brent crude oil rose 7.0% intraday to $81.36 per barrel, while WTI crude advanced 7.0% to $76.41 per barrel on July 13.

According to OPEC's monthly report, Russia's crude oil production fell to 8.928 million barrels per day in June, the lowest level in at least 2.5 years. The output was 834,000 barrels per day below Russia's OPEC+ agreement target and 61,000 barrels per day lower than the revised May

According to Bitget, WTI and Brent crude prices both surged over 6% on July 14 following a reported attack by Yemen's Houthi forces on a Saudi Arabian airport. The incident marks another escalation in regional tensions affecting global energy

According to BlockBeats, citing Bitget market data, Brent crude oil broke through $80 per barrel on July 14, rising 5.35% intraday. WTI crude oil also gained over 5.7% during the same period, trading at $75.45 per barrel.