Commodities (Crude Oil & Copper) & Macro Outlook

Bitcoin’s projected relief rally toward $40,000-$50,000 may precede another corrective phase before September-October recovery. Gold’s consolidation structure suggests a short-term rebound could occur before another move toward accumulation zones. Crude oil maintains a $64 base-case

On Wednesday, July 8, ICE UK natural gas futures rose 4.97% to close at 116.25 pence per therm, with a significant rally after 4 p.m. Beijing time lifting prices to 117.95 pence. TTF Dutch natural gas futures, the European benchmark, gained 1.89% to 48.97 euros per megawatt-hour, though Bloomberg da

According to Russia's Federal State Statistics Service, fuel prices rose 2.1% in the week ending July 6, with diesel prices climbing 3.4%.

According to Gate data, Brent crude oil rose above $80 per barrel on July 8, marking the first time since June 22, with intraday gains of 5.54%.

According to Russian Federal Government press office, Deputy Prime Minister Novak stated on July 7 that Russia's economy is completely under control and instructed government departments to continue monitoring key macroeconomic indicators to address challenges. The government's Economic

The crypto market faces renewed sell-off pressure as the U.S. revoked Iran's newly issued general license to export oil after Iran reportedly struck three commercial vessels in the Strait of Hormuz in less than 48 hours. The revocation raises oil supply concerns and crude price risks, creating

HSBC has lowered its 2027 Brent crude oil price forecast to $65 per barrel, down from a previous estimate of $75 per barrel, according to the bank's latest commodity outlook.

Brent crude oil three-month futures spread touched $2.36 per barrel on June 17, marking the highest level since June 16, according to market data. The move came one day after the United States and Iran signed a memorandum of understanding on peace

According to HSBC, the bank cut its 2026 Brent crude oil price forecast to $80 per barrel.

According to reports on July 8, Northeast Asian refiners have sold at least 8 cargoes of August-loading diesel, each ranging from 300,000 to 750,000 barrels. Refining margins have eased to slightly above $45 per barrel, reflecting strength in crude oil markets, while cash spreads have softened to sl

According to Saudi National Shipping Company, the ultra-large crude carrier Vedia encountered an incident on Tuesday while transiting the Strait of Hormuz. The company confirmed that cargo remains in a safe condition and the vessel maintains good

Brent crude surged above $79 per barrel today, reaching $79.03 per barrel with a gain of approximately 6.5% intraday.

According to U.S. Central Command, on July 8, China's three major stock indices declined as the U.S. military resumed airstrikes on Iran on July 7 in response to Iranian attacks on three commercial vessels in the Strait of Hormuz. The Shanghai Composite Index fell 0.49% to 3,970.88, the Shenzhen Com

According to BlockBeats, citing Hyperinsight data, an address starting with 0xec4 significantly increased its short positions on Nasdaq 100 futures to 600 contracts (valued at approximately $17.3 million) earlier today, about one hour before Trump's statement on Middle East tensions on July 8. The a

According to sources, the Yasamal Polaris, an oil tanker operated by Chevron and used for Caspian Pipeline Consortium transport, was struck by drones off Russia's Black Sea coast recently.

According to the latest data from the Fujairah Petroleum Industry Zone, refined oil total inventory at Fujairah port increased by 2.13 million barrels week-over-week to 10.129 million barrels as of July 6. Light distillates inventory rose 0.376 million barrels to 1.579 million barrels, while

According to Gate data, WTI and Brent crude oil both rose over 3% intraday on July 8, trading at $74.18 and $78.08 per barrel respectively.