Commodities (Crude Oil & Copper) & Macro Outlook

According to a Jangle research report on July 5, weak U.S. June employment data and stable oil prices are supporting crypto asset risk appetite. U.S. non-farm payrolls rose by 57,000 in June, well below the expected 110,000, while the unemployment rate fell to 4.2% and wage growth remained at 0.3% m

According to Guru Club on July 4, following the U.S.-Iran peace agreement, over 60 million barrels of oil trapped by conflict flooded the market, causing crude prices to decline globally. Demand has been unable to absorb the supply increase, reigniting concerns over a potential crude surplus.

According to Guru Club, Russian President Vladimir Putin signed legislation on July 4 to address domestic fuel shortages. The Tax Code amendment allows companies to blend straight-run gasoline with other components to produce higher-octane vehicle fuel. The measure also includes subsidies for fuel i

South Korean oil refiners face a sharp earnings decline in Q2 2026 as crude prices collapsed following a Middle East war-driven spike, with some companies turning to losses from late May. S-Oil's Q2 operating profit consensus stands at 1.0966

According to Yonhapnews, South Korea's major refiners posted significantly lower second-quarter earnings starting in recent weeks, as international crude prices fell sharply from over $120 to around $70 per barrel following Middle East peace hopes. SK Innovation's petroleum division operating

According to Chosun Biz, Korea Investment PE (한투PE) completed the first closing of its Supply Chain Stabilization Fund on July 3. The fund, focused on securing critical minerals and energy supply chains, follows the private equity firm's recent completion of a share acquisition deal involving SK

According to Jin10, following the U.S.-Iran peace accord signed in mid-June, oil prices declined globally as over 60 million barrels of Iranian crude that had been trapped due to conflict entered the market in the weeks after the agreement. The reopening of the Strait of Hormuz has triggered

According to Kpler, Saudi Arabia, the UAE, Kuwait, Iraq, and Iran combined to export 10.07 million barrels per day of crude oil and condensate in June, up over 3.5 million barrels from May. Energy research firm Vortexa estimated the region's daily exports at around 10.2 million barrels in June,

Russia claimed today that unmanned drones attacked the Saint Petersburg oil terminal. The incident marks continued military activity targeting infrastructure in the region.

According to Shanghai Shipping Exchange, on July 4, the Far East dry bulk freight index fell 2.2% to 1807.11 points during the week. Three major ship types showed mixed performance: Capesize vessels benefited from improved iron ore demand with rates recovering, Panamax ships gained on grain and

According to China's National Bureau of Statistics, in late June 2026 compared with mid-June, prices of 13 commodities rose, 34 fell, and 3 remained unchanged.

According to Huaxia Times, major steel mills in Shandong and multiple regions in Tianjin and Hebei raised metallurgical coke procurement prices on July 4. Wet-quenched coke increased CNY 50/ton and dry-quenched coke rose CNY 55/ton across all regions. After the adjustment, Grade-A wet-quenched coke

According to a consumer electronics manufacturer on July 3, Samsung Electronics plans to increase average prices for DRAM in the third quarter by 20% compared to the previous quarter. The company has already notified customers verbally about the price increase following discussions in

According to BlockBeats, SafePal integrated Robinhood L2 mainnet on July 4, launching native stock token trading on the platform. SafePal has onboarded asset tokenization providers including xStocks and Ondo, enabling users to trade stocks such as NVIDIA and Tesla, as well as S&P 500 ETFs and

On July 4, Iran's Parliament Speaker Kalibaev claimed the U.S.-Israeli military campaign against Iran has failed, stating that all parties have concluded military action targeting Iran is unsuccessful and the U.S. should accept regional realities and lift sanctions. According to Reuters, Japanese

According to Guru Club, WTI crude futures fell 0.65% this week to close at $68.78 per barrel as of July 4, while Brent crude dropped 0.91% to $71.94 per barrel. Both benchmarks posted weekly losses amid easing supply concerns in the Strait of Hormuz and softer crude spot

According to Fitch Ratings, on July 3 the agency highlighted downside risks to its 2026 benchmark crude oil price assumption due to persisting Iran-related threats. A 60-day interim agreement was deemed fragile, and Israel's non-participation indicates ongoing Middle East conflict continues to

According to Guru Club, Shanghai crude oil futures closed down 0.16% overnight on July 4, settling at 438.3 yuan per barrel. Meanwhile, Shanghai gold futures rose 0.81% to 913 yuan per gram, and Shanghai silver futures gained 1.61% to 15,294 yuan per

According to UBS research released on July 3, the Swiss bank raised storage chip price expectations for the second half of 2026. DDR contract prices are projected to increase 32% in Q3 (previously 17%) and 18% in Q4 (previously 12%). NAND is expected to rise 30% in Q3 and 12% in Q4, extending the st