Commodities (Crude Oil & Copper) & Macro Outlook

Bitcoin (BTC) rebounds are still weak; as of June 23, it is temporarily around $64,190. The U.S. Senate passed a housing bill that includes a four-year Federal Reserve central bank digital currency (CBDC) ban. Trump signed two executive orders aimed at accelerating the development of advanced quantum computers and reducing the security threats they bring. Macroeconomic Events & Crypto Market Highlights According to CoinDesk, the U.S. Senate passed the housing bill by 85 votes to 5, which include

Malaysia's Ministry of Finance announced that from July 1, 2026, diesel prices will be adjusted to market rates nationwide.

The U.S. Commodity Futures Trading Commission (CFTC) officially released a notice of proposed rulemaking for comment on June 23, soliciting written input from all parties on the development of two energy derivatives markets: first, extending standard futures contracts (including energy futures) to 24-hour trading, 7 days a week, around-the-clock, while not changing the fixed expiration dates, delivery, or settlement terms; second, the potential listing of perpetual contracts backed by physical d

Early trading on June 23, crude oil and petroleum futures in China declined across the board. SC crude fell 2.04% to 500.1 yuan per barrel, low-sulfur fuel oil (LU) dropped 2.19% to 3,925 yuan per ton, fuel oil fell 2.14% to 3,057 yuan per ton, and asphalt retreated 3.34% to 3,786 yuan per ton.

On June 23, the U.S. Department of the Treasury issued a 60-day general license that fully exempts sanctions on the production and sale of Iranian crude oil and petrochemical products; Iran, in parallel, froze overseas assets worth $12 billion. U.S. Vice President Vance revealed that, in exchange, Iran agreed to allow international inspectors to return to nuclear facilities, but Tehran has not yet acknowledged the concessions. Bitcoin rose back to $64,113 the same day; WTI crude oil fell to $73.

According to CFTC official announcement, the U.S. Commodity Futures Trading Commission on June 23 is seeking public comment on two energy derivatives market developments: extending standard futures contracts to 24-hour, 7-day trading, and potentially listing perpetual contracts backed by

According to Zhitong Finance, China's agriculture and development authorities organized a coordination meeting on June 15 to guide large-scale pig breeding enterprises and provincial governments to reduce production capacity. Hog prices have fallen to 9.50 yuan per kilogram and remain at the cycle b

According to Danske Bank via Jin10, the Danish lender predicts average Brent crude oil will trade at $80 per barrel through the remainder of 2026, rising to $85 per barrel in 2027. Even if a U.S.-Iran agreement is reached, crude will not return to pre-conflict levels of $60-$70 per barrel, the

According to Shanghai Securities News, high-purity silicon tetrachloride prices surged in Q1 2026, driven by rising demand from computing infrastructure and optical fiber networks. Long-term contract prices for optical-grade 9N high-purity silicon tetrachloride rose to approximately 45,000 yuan

According to Shanghai Securities News, high-purity silicon sand prices for optical fiber have surged to 48,000-55,000 yuan per ton amid growing demand from AI data center and computing network construction. Premium-grade 6N and above products face severe supply shortages, described as 'one grain

WTI crude oil touched $75 per barrel today, rising 0.44% during the session.

According to optical fiber preform manufacturers, germanium ingot prices climbed to 25,000 yuan per kilogram as of June 18, a surge of over 83% since the end of 2025. The rally is primarily driven by surging demand for optical fiber in AI computing infrastructure. Germanium serves as a critical

According to Bloomberg, the CME Direct platform experienced connection disruptions on Monday afternoon around 1 p.m. Central Time due to a third-party network issue and has now resumed trading. A CME representative stated that some affected clients encountered delays when reconnecting, while CME

According to Guru Club, WTI July crude oil futures fell 1.78 dollars, or 2.32%, to $74.82 per barrel on June 23. Brent July crude futures dropped 2.67 dollars, or 3.31%, to $77.90 per barrel.

U.S. stock indices posted mixed results on Monday, with the S&P 500 falling 0.4% and the Nasdaq declining 0.2%, while the Dow Jones rose 0.3%. The declines were driven by a 16% drop in SpaceX shares following the company's first bond offering and broader technology sector weakness, offsetting

According to Walter Bloomberg, the U.S. Treasury Department today issued a general license authorizing the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products until August 21. The license represents a temporary suspension of related sanctions and does not

According to Financial Times, more than 441 large tanker-sized vessels gathered in waters off the Strait of Hormuz on June 21, awaiting the strategic waterway to fully reopen following negotiations between Iran and the United States. The vessels were positioned near Sohar port in Oman and Fujairah p

According to an EU Commission official statement, the European Union halted the sale of pre-allocated carbon emission allowances on Monday after achieving its €8 billion fundraising target through its Emissions Trading System (ETS). The funds are intended to support Europe's transition away from

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators increased net short positions in CBOT 2-year U.S. Treasury futures by 50,669 contracts to 1,270,507 contracts in the week ended June 16. In the same period, speculators added 47,275 contracts to their net short positions

According to the U.S. Commodity Futures Trading Commission (CFTC), for the week ending June 16, COMEX gold speculators increased net long positions by 9,258 contracts to 112,918. Silver speculators added 2,275 contracts to 12,070, while copper speculators decreased positions by 52 contracts to 71,07