Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Treasury Department, federal government debt reached an all-time high of $39.7 trillion last week, increasing by approximately $7 billion per day. The debt ceiling was raised by $5 trillion to $41.1 trillion in July 2025, and more than half has already been consumed; the

From 04:00 to 08:00 UTC on July 29, 2026, BTC traded within the range of 63,598.9–63,765.5 USDT. The volatility was 0.26%, and the return % slipped slightly by 0.01%. Despite tighter short-term fluctuations, BTC is still up about 1.47% over the past 24 hours, bouncing from a $62,744.9 low to around $64,433.4 as the market tries to balance risk-off sentiment with expectations for macro policy. The main driver behind this move is the escalation in the U.S.-Iran conflict. Iran’s “raids-style” missi

According to Jin10 Futures citing data from UAE's Fujairah Petroleum Industry Zone, refined oil inventories in Fujairah fell by 1.981 million barrels to 6.511 million barrels as of the week ending July 27. Light

According to Jin10 data, on July 29, Iran launched a missile strike on U.S. forces stationed in Jordan, prompting the U.S. and Saudi forces to conduct counterattacks on Iran-backed armed groups in Iraq. The escalation drove up oil prices and intensified inflation concerns. As a result, UK 10-year g

According to Jin10, Ukrainian Armed Forces claimed on July 29 that Russian military facilities including a Ryazan oil refinery, Black Sea Fleet naval base, radar stations, and other installations came under

HD Korea Shipbuilding & Offshore Engineering achieved 96.2% of its annual order target in the first half, securing 16.38 billion USD in new orders, the company announced during its second-quarter conference call on the 29th. HD Hyundai Heavy Industries, a subsidiary, already exceeded its full-year o

At a regular press briefing on July 29, Foreign Ministry spokesperson Mao Ning responded to Reuters' question regarding reports that China had requested Houthi forces to ensure safe passage of Chinese oil tankers through the southern Red Sea. Mao Ning stated that China closely monitors

According to Jin10 Futures, warehouse inventory levels on China's Shanghai Exchange (SHFE) shifted on July 29. Pulp futures warehouse inventory increased by 2,019 tons to 340,665 tons, while fuel oil futures inventory rose by 5,000 tons to 16,960 tons. Inventories for other tracked commodities

Malaysia's national oil company announced plans to supply up to 540,000 tons annually of liquefied natural gas (LNG) to Japan's Hokuriku Electric Power Company starting from 2028 for a 10-year period.

Glencore's trading team reported a profit of approximately $3.3 billion in the first half of 2026, placing the company close to its annual profit target of $3.5 billion.

Hanwha Solutions forecasts limited impact from a US anti-dumping and countervailing duty circumvention investigation petition targeting Korean solar cells. The company stated at its Q2 earnings conference call on

According to IIR, Saudi Aramco shut down its Jazan refinery with a production capacity of 400,000 barrels per day following an attack on July 25, with repairs expected to be completed and operations resumed by August 15. Iranian government spokesman stated that Iran has lost approximately 230

According to Germany's Federal Statistical Office, import prices in June increased 6.1% compared to the same period last year, slightly exceeding market expectations of 6.0%. Month-on-month, import prices declined 0.7% in June, matching the market

According to Jin10, economist Bas Kooijman from DHF Capital S.A. stated in a report that oil price movements have become a key driver of U.S. Treasury yields and market expectations for the Federal Reserve's interest rate path. Further declines in oil prices could intensify disinflationary

Italian oil and gas company Eni raised its full-year 2026 adjusted EBIT (earnings before interest and tax) guidance for its gas and power business to over €1.4 billion, marking a 40% increase from its initial target of €1 billion.

Eni reported second-quarter adjusted net income of €2.33 billion, surpassing consensus expectations of €2.09 billion. The company's exploration and production division posted adjusted earnings before interest and taxes of €4.77 billion for the

Italian energy company Eni reported second-quarter production of 1.79 million barrels of oil equivalent per day, exceeding consensus expectations of 1.74 million barrels per day.

According to Jin10, the Abu Dhabi National Oil Company (Adnoc) continues exporting liquefied natural gas from its Persian Gulf facilities despite heightened security risks in the region. Ship-tracking data showed an Adnoc-operated LNG tanker appearing in the Persian Gulf on Wednesday, followed by an

According to Yonhapinfomax, on July 28 (local time), South Korean President Lee Jae-myung held a business roundtable in São Paulo with over 40 executives from Korean companies including Hyundai Motor, Posco, Korean Air, Samsung Electronics, LG Electronics, Naver, and Hanwha Ocean, as well as

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market