Commodities (Crude Oil & Copper) & Macro Outlook

According to Bloomberg Commodity Index data, on Tuesday (June 23), CBOT wheat futures fell 1.56% while ICE Arabica coffee futures surged 4.95%. The Bloomberg Commodity Index declined 0.79% to 29.2406 points. CBOT corn futures dropped 0.40%, and CBOT soybeans held flat at $11.4150 per

Nouriel Roubini has co-authored a whitepaper for USAFi, a digital security developed by Atlas Capital Team. The product is set to launch in the third quarter of 2026 under Dubai's Virtual Assets Regulatory Authority (VARA). Roubini, known for predicting the 2008 financial crisis, previously called

The United States and Iran held direct negotiations in Switzerland, mediated by Pakistan and Qatar, resulting in a roadmap to reach a final deal within 60 days. The Federal Reserve maintains a hawkish stance on monetary policy, with market expectations pointing to a potential rate hike as soon as

Nouriel Roubini, the economist known for predicting the 2008 financial crisis, has co-authored a whitepaper for USAFi, a new ERC-20 digital security backed by the Atlas America Fund. The fund, listed on Nasdaq under ticker USAF and registered with the U.S. Securities and Exchange Commission,

According to Jin10, major gas exporters including the U.S., Qatar, Nigeria, and Algeria urged the European Union on June 24 to relax proposed methane emission regulations, warning the rules could threaten Europe's energy security. The countries called for a "pragmatic approach" to clarify and

WTI July crude oil futures closed down 0.65 dollar, or 0.88%, at 73.21 dollars per barrel. In energy markets, NYMEX July natural gas futures closed at 3.1470 dollars per million BTU, while July gasoline futures ended at 2.9590 dollars per

According to Jin10, Shanghai gold futures closed down 0.82% overnight on June 24, settling at 902 yuan per gram, while Shanghai silver futures fell 4.36% to 14,868 yuan per kilogram. SC crude oil futures declined 1.52% to 492 yuan per

Alan Taylor, a member of the Bank of England's Monetary Policy Committee, stated on June 23 that energy price increases stemming from an Iran conflict would pose lower risks of secondary inflation effects compared to the 2022 Ukraine war, partly due to the timing of annual wage

According to the Federal Reserve Bank of Dallas, oil prices surging above $120 per barrel last spring (2025) reduced U.S. economic output by approximately 0.3 percentage points, a significantly smaller shock than similar petroleum disruptions in the 1980s, when the U.S. was more dependent on oil

CFTC chair Michael Selig said today (Jun 23) that the agency's regulatory approach to crypto perpetual futures may not be a natural fit for traditional commodity markets such as agriculture, in remarks to U.S. cotton

Carnival Cruise Line lowered its full-year 2026 fuel cost outlook to $2.12 billion from $2.15 billion, citing geopolitical tensions and surging fuel prices that disrupted bookings and compressed margins. Mediterranean routes in Europe faced the steepest impact last quarter. The cruise operator

According to Jin10, Mexico's Pemex and Brazil's Petrobras signed a non-binding memorandum of understanding on June 24 to collaborate on oil exploration, production, and refining. The agreement covers shallow and deepwater operations in the Gulf of Mexico, as well as natural gas, petrochemicals, and

According to PR Newswire, economist Nouriel Roubini announced on June 23 the launch of USAFi, a permissionless ERC-20 digital security backed by the Atlas America Fund (USAF ETF). The tokenized product represents ownership of USAF, which provides exposure to U.S. Treasuries, real estate, gold, and a

According to Iran's state news agency, Foreign Ministry spokesman Baghaei stated on June 23 that Iran will decide independently how to use its unfrozen assets based on national interests and without any restrictions. The statement rebutted media speculation that asset use would be limited to

According to Jin10, on Monday (June 23), Brent crude benchmarks weakened as a surge in Middle Eastern oil exports flowed into Europe, with Forties crude falling to a two-year low and WTI Midland hitting three-month lows. The decline reflects growing oversupply concerns following the resumption of oi

According to Bloomberg, the Trump administration announced on June 23 it will provide $17.5 billion in low-interest loans to support construction of 10 new nuclear reactors across the U.S. The plan aims to reduce nuclear project development timelines by up to three years and address rising

According to Iran's state media Fars News, Iranian military officials stated on June 23 that the Strait of Hormuz allows only a limited number of ships to pass daily. The specific number of vessels permitted will be adjusted based on daily circumstances, according to the military

According to Iraq's State Oil Marketing Organization (SOMO), crude oil exports from Kirkuk via the northern pipeline route have increased to nearly 7 million barrels per month, up from 4 million barrels

According to Guru Club, Baker Hughes and ANOH signed an agreement on June 23 to develop a natural gas facility in Nigeria.