Commodities (Crude Oil & Copper) & Macro Outlook

According to ICE data, on June 30, UK natural gas futures rose 0.23% to 103.000 pence/therm in late European trading, but fell 23.33% over the second quarter. TTF Dutch natural gas futures, the EU benchmark, climbed 3.07% to 43.687 euros/MWh and declined 20.10% in Q2. Both contracts showed

According to the U.S. Department of Agriculture, soybean inventory stood at 1.061 billion bushels, corn inventory at 5.295 billion bushels, and wheat inventory at 920 million bushels in the second quarter of 2026.

According to the U.S. Energy Information Administration (EIA), the country's liquefied natural gas (LNG) production in April increased by 39,000 barrels per day to reach 7.903 million barrels per day, up from 7.864 million barrels per day in

According to Energy Institute's latest Statistical Review of World Energy in partnership with Ember, Kearney, and KPMG, global energy sector carbon emissions increased 1.1% in 2025 to 358.06 billion metric tons of CO2. The U.S. coal consumption surged 10%, accounting for approximately one-third of g

According to Guru Club, Brent crude oil and WTI crude oil rose on June 30. Brent crude climbed above 1% to $74.42 per barrel, while WTI crude reached $71 per barrel, up 1.07% intraday.

According to BlockBeats, on June 30, Trump pressured U.S. gas stations to cut prices, stating on Truth Social that crude oil had fallen to $68 per barrel and demanding immediate price reductions to $2.50 per gallon or face "big problems." Current average regular gasoline prices stand at $3.85 per ga

According to Shanghai International Energy Exchange, effective July 2, 2026, trading limits for copper futures contracts (BC2607–BC2702) are adjusted to 9%, with hedge position margin requirement at 10% and general position margin requirement at 11%.

According to Russia's presidential spokesperson Peskov on June 30, Moscow is in discussions with certain countries regarding the possibility of importing oil products. If price agreements can be reached, Russia will proceed with imports to stabilize its domestic energy market. Putin previously

According to Guru Club, on June 30, 2026, lithium carbonate rose above 160,000 yuan per ton, up 8.36%, after Ganzizhou Times New Energy Mining's Xiaxiawo lithium mine obtained its safety production permit. The license, the final core requirement needed to resume full operations, was officially

Carl Erik Rinsch, director of '47 Ronin,' was sentenced to 30 months in prison and ordered to repay $11 million after misappropriating Netflix production funds for stock options and cryptocurrency speculation. According to prosecutors, Rinsch lost millions in high-risk stock trading before using

According to Kpler, 24 tankers and vessels passed through the Strait of Hormuz on June 29, according to data released by the maritime analytics firm on June 30.

According to a company announcement, China Mineral Resources' wholly-owned subsidiary Jiangxi China Mineral Lithium halted production on its 30,000-tonne annual capacity lithium salt line effective June 30 due to logistics misalignment between self-produced lithium concentrate and production

Intercontinental Exchange is launching economic indicator futures tied to central bank interest rate decisions and U.S. natural gas inventory data, scheduled for August 10 subject to regulatory approval. The cash-settled contracts will reference monetary policy decisions by the U.S. Federal

Intercontinental Exchange is introducing economic indicator futures linked to monetary policy decisions by the U.S. Federal Reserve, the European Central Bank, and the Bank of England, as well as U.S. natural gas storage data, set to launch on August 10, subject to regulatory approval. The

According to Jin10, as of June 30 at 0653 Beijing time, Brent crude for August delivery fell 1%, down roughly 20% for the month and approximately 22% from late May's close. The more actively traded September contract declined 0.6%. Traders are pricing in a positive outcome from potential U.S.-Iran t

According to Shell's 2026 Liquefied Natural Gas Outlook released on June 30, global LNG supply is forecast to remain flat year-over-year in 2026, breaking a decade-long growth trend, amid Middle East tensions disrupting supplies. The report assumes the Strait of Hormuz will reopen this summer;

According to Goldman Sachs, oil prices have declined significantly over recent weeks, with Brent crude falling from over $120 per barrel in late April to approximately $72 currently. The bank's commodities team expects prices to reach $80 per barrel in the fourth quarter of 2026, with refining

According to Jin10, ECB Chief Economist Philip Lane stated on June 30 that oil prices would likely remain elevated above pre-war levels due to restocking demand from energy companies and governments, continuing to push inflation in coming years. While Brent crude prices have retreated to pre-war lev

According to South Africa's government, July gasoline retail prices will fall by up to 2.01 rand per liter, while diesel wholesale prices will decline by up to 3.59 rand per liter.

France's producer price index rose to 3% year-over-year in May, according to official data, up from 2.1% in the previous month.