Commodities (Crude Oil & Copper) & Macro Outlook

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.

According to LME data, copper futures closed 56 dollars higher at 13,541 per ton today, while aluminum rose 30 dollars to 3,170 per ton and zinc fell 50 dollars to 3,566 per ton on July 13.

According to David Hoffman, Bankless co-founder, on July 14, despite ongoing geopolitical tensions, oil prices remain low, suggesting the market is adapting to reduce dependence on critical energy chokepoints like the

CNBC Investing Club with Jim Cramer held its Morning Meeting on Monday as stocks traded lower amid renewed US-Iran airstrikes and a busy earnings week. Apple rose 1.1% Monday after Citi raised its price target to $365 from $315, while semiconductor stocks declined with Intel and Micron each

According to Yonhapinfomax, on July 13, the U.S. Dollar Index fell to 100.196 as Iran's foreign ministry signaled openness to diplomatic solutions amid escalating military tensions with the United States. WTI crude oil futures, which had climbed to $75.08, retreated to the $73 range following Iran's

According to Guru Club, on July 13, WTI crude futures surged 4.76% to $74.806 per barrel, while Brent crude rose 4.81% to $79.668 per barrel. U.S. President Trump stated that the Strait of Hormuz remains open regardless of Iran's involvement and that the United States will pursue renewed

According to Bloomberg ship-tracking data, the Bu Fintas LNG tanker, which completed loading at the Plaquemines LNG facility in early July, has changed its destination from Singapore to the Suez Canal. The vessel signaled the course change over the weekend after passing north of Haiti, with an

According to GDMO, diamond trading at the Dubai Multi Commodities Centre (DMCC) reached $41.7 billion in 2025.

According to the Financial Times, Dubai plans to build a new port to bypass the Strait of Hormuz on July 13.

According to UAnalyze, over the weekend, Iran announced the closure of the Strait of Hormuz following renewed U.S.–Iran attacks, breaking a temporary agreement signed last month. The move sent crude oil futures surging over 3%, pressuring market sentiment. U.S. stock index futures declined

U.S. natural gas futures fell over 3.00% intraday on July 13, trading at $2.851 per million British thermal units (MMBtu).

According to Bloomberg, BlackRock has agreed to acquire a stake in the Williams Power joint venture for $5.34 billion.

According to Kazakhstan's Oil Ministry, oil production fell 8.4% in the first half of 2026.

According to official files, Qatar has set its August marine crude oil official selling price (OSP) at a $5 per barrel discount to the Oman/Dubai benchmark, while its onshore crude OSP is set at a $4.50 per barrel discount.

Deutsche Bank paid a A$2 million infringement penalty after Australia's corporate regulator alleged the bank systematically misreported more than 260,000 over-the-counter derivatives transactions between 21 October 2024 and 15 August 2025. The Australian Securities and Investments Commission said th