Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures, ICE December cotton futures fell 0.53 cents to 80 cents per pound on Wednesday, down 0.66%, as a strengthening U.S. dollar made the commodity less attractive to overseas buyers and weakening corn and soybean prices dampened overall agricultural sentiment. The dollar

According to the U.S. Energy Information Administration (EIA), American refinery utilization rates rose to their highest level last week since December 2018.

According to the U.S. Energy Information Administration (EIA), U.S. refinery crude oil net imports last week rose to the highest level since September 2019.

According to the U.S. Energy Information Administration (EIA), the four-week average of U.S. aviation fuel supply reached a record high last week.

According to the U.S. Energy Information Administration (EIA), refinery utilization rates in the U.S. Midwest rose to their highest level last week since December 2023.

WTI crude oil futures rose 8% to above $86 per barrel on July 29. U.S. President Trump stated that American military forces would deliver a heavy blow against Iran, contributing to the upward pressure on oil

According to the U.S. Energy Information Administration (EIA), U.S. Midwest crude oil inventories declined last week to their lowest level since December 2014.

According to Michael Pfister, Commerzbank analyst, on July 29, the euro may not gain from a lasting U.S.-Iran peace agreement, as the eurozone's oil-inflation correlation is stronger than in the U.S. While the Federal Reserve's rate expectations have recently decoupled from oil prices, the

According to Jin10, on July 29, WTI crude oil surged to $83.7 per barrel with intraday gains reaching 7%, while Brent crude oil rose 6.5% to $87.3 per barrel.

According to EIA data, U.S. distillate fuel product supplied (implied demand) fell to 5.3103 million barrels per day for the week ending July 24, from 5.3227 million barrels per day the prior week.

According to EIA data through July 24, U.S. crude oil production reached 20.503 million barrels per day, up from 19.317 million barrels per day in the prior week.

According to EIA data, U.S. gasoline production rose to 9.93 million barrels per day for the week ended July 24, up from 9.75 million barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), refinery equipment utilization reached 97.2% for the week ending July 24, exceeding both the forecast of 95.9% and the prior week's reading of 96.1%.

According to U.S. Energy Information Administration (EIA) data, strategic petroleum reserves declined by 3.797 million barrels for the week ended July 24, compared to a decline of 5.057 million barrels in the prior week.

According to the U.S. Energy Information Administration (EIA), American crude oil imports fell to negative 237,000 barrels per day for the week ended July 24, down sharply from 485,000 barrels per day in the prior week.

According to EIA data, U.S. refined oil production fell to 15,000 barrels per day for the week ending July 24, down sharply from 90,000 barrels per day in the prior week.

SC crude oil futures contracts rose more than 5% intraday on July 29, trading at 561.9 yuan per barrel with open interest increasing by 1,800 lots.

According to the EIA, U.S. reformulated gasoline inventories stood at 0 million barrels for the week ending July 24, unchanged from the previous week.

According to the Energy Information Administration (EIA), U.S. refined product imports for the week ending July 24 fell to 186,000 barrels per day from 280,000 barrels per day in the prior week.