Commodities (Crude Oil & Copper) & Macro Outlook

The Guangdong Futures Exchange announced on July 7 that starting July 9, 2026, trading fees for polysilicon futures (PS contracts) will be adjusted to 0.01% of transaction value, while trading fees for lithium carbonate futures (LC contracts) will be reduced to 0.016% of transaction value.

According to Iran's statement, Iran's Islamic Revolutionary Guard Corps on July 7 intercepted a tanker in waters off Oman in the Strait of Hormuz. Per satellite monitoring data, U.S. military aircraft were providing air coverage in the area at the time of the

Russia's EU mission said on July 7 that EU countries have spent nearly 3 trillion euros to eliminate energy imports from Russia, according to its estimates.

According to TotalEnergies CEO, the company will discuss with Syria today whether to sign a contract following an initial memorandum of understanding. On-site inspections are not yet possible as the Syrian government requires time to establish control over its territory, and deploying teams to

According to sources, a Saudi-flagged oil tanker sustained damage near the Strait of Hormuz, following a separate attack on an LNG vessel in the same region. The incidents mark renewed security concerns in one of the world's most critical energy shipping

According to ChainCatcher, Coinbase announced it has obtained a UK investment services license (MiFID), enabling institutional and professional traders to trade crypto, stocks, and commodity perpetual futures, while retail users can now access stock trading on the platform for the first time. The li

According to Jin10, Sinopec Oil Services (01033.HK) subsidiary won the Heihe-Daqing-Changling natural gas pipeline section one contract on July 7, valued at 1.772 billion yuan. The 279-kilometer project is a key segment of the China-Russia Eastern Route gas pipeline extension and falls under China's

Your Bourse integrated TradingView's charting technology and Trading Platform library with its Trade Server infrastructure, enabling brokers to build multi-asset trading platforms while maintaining backend control. The integration combines Trade Server's API-first architecture with TradingView's tra

According to Ukraine's drone forces commander, Ukrainian unmanned aircraft have struck eight Russian shadow fleet oil tankers in the Azov Sea in recent operations.

According to Gareth Leather, senior Asia economist at Capital Economics, Asian central banks are unlikely to hastily reverse recent rate hikes on July 7, citing rising food price risks from El Niño phenomena. While central banks responded aggressively to earlier energy price surges with at least

Boerse Stuttgart Group published a new survey finding that 65% of Europeans consider themselves well informed about finance and investing, while demand grows for AI-powered financial advice and personalized investment services from banks. The study surveyed 6,000 consumers across Germany, France,

According to Jin10 Futures, pulp futures warehouse inventories increased by 2,417 tonnes to 288,584 tonnes on July 7. Pulp futures factory inventories held steady at 20,000 tonnes. Among other commodities tracked, coated fine paper, fuel oil, petroleum bitumen, and medium-sour crude oil inventories

According to sources cited by Jin10 on July 7, Saudi Arabia is planning to expand its crude oil pipeline toward the Red Sea coast to enable higher exports without routing through the Hormuz Strait. The expansion aims to add approximately 2 million barrels per day (bpd) of pipeline capacity. The

Brent crude oil broke through $73 per barrel today, rising 1.32% intraday.

According to Axios, on July 7, Iran launched at least two missiles at vessels in the Strait of Hormuz, with two commercial ships struck and severely damaged. The incident comes as tensions escalate in the region amid diplomatic disputes. Shipping through the Strait remains critical for global

WTI crude oil rose over 1% intraday to $69.56 per barrel on July 7.

According to Jin10 Futures, over the past week as of July 7, Shandong independent refineries' gasoline production-sales ratio rose to 92%, up 2 percentage points from the previous week, while diesel production-sales ratio climbed to 103%, also up 2 percentage points. The increase followed earlier de

According to South Korea's Fair Trade Commission, the regulator imposed corrective orders and fines totaling approximately 747.6 billion won (roughly $560 million USD equivalent) on July 7 against four starch manufacturers—Daisho, Sacho CPK, Samyang Foods, and CJ CheilJedang—for a price-fixing

According to Reuters, on July 6, Ukrainian forces struck Russia's largest oil refinery in Omsk with drones from approximately 2,700 km away. Reuters assessed the attack as one of Ukraine's longest-range strikes since the war began. In response, Russia conducted a massive overnight assault on Kyiv u

The European Union faces strategic pressure from China's control over rare earth supply chains critical to electric vehicles, defense industries, wind power, semiconductors, batteries, and advanced manufacturing. Reuters Breakingviews stated the EU can resist China's economic pressure, but only if i