Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, WTI crude oil broke above $81 per barrel on July 29, rising 2.27% during the trading session.

WTI crude oil broke through $80 per barrel on July 28, rising 2.20% intraday.

On Tuesday (July 28), the U.S. dollar retreated from a month-high, with the Dollar Index (DXY) declining 0.1% to 101.42. Oil prices fell for a second consecutive day, easing inflation concerns as the U.S. and Iran maintained a ceasefire that began over the weekend. Market focus now turns to the

On July 28 (U.S. Eastern Time), WTI crude for September delivery fell $3.35 per barrel to $79.26, while Brent crude for September fell $4.27 per barrel to $84.09, according to trading on the New York Mercantile Exchange. The decline accelerated amid reports that the United States and Iran are

According to the American Petroleum Institute (API), U.S. heating oil inventories fell by 125,000 barrels for the week ending July 24, compared to a previous week build of 495,000 barrels.

According to API, U.S. gasoline imports surged to 297,000 barrels per day for the week ending July 24, compared to 43,000 bpd in the prior week.

According to the American Petroleum Institute (API), U.S. crude oil inventories at Cushing fell 273,000 barrels for the week through July 24, compared with a decrease of 737,000 barrels in the prior week.

According to API data, U.S. refining crude oil inventories for the week ending July 24 fell to 355,000 barrels, significantly below the forecasted 648,000 barrels and the prior week's 1.759 million barrels.

South Korean President Lee Jae-myung on May 28 (local time) emphasized the need for concrete cooperation outcomes in next-generation aircraft, critical minerals supply chains, and K-beauty at a Korea-Brazil Business Roundtable held at a hotel in São Paulo, Brazil. Lee stated that combining Korea's a

According to API data, U.S. gasoline inventories reached 918,000 barrels for the week ending July 24, beating expectations of a 1.204 million barrel decline.

According to the API, U.S. crude oil inventories fell 3.296 million barrels for the week ended July 24, significantly exceeding the expected decline of 1.35 million barrels and reversing the prior week's increase of 2.603 million barrels.

The U.S. API will release its crude oil inventory data for the week ending July 24 within the next 10 minutes.

From 19:45 to 20:00 (UTC) on July 28, 2026, BTC saw a slight rebound of 0.33% within 15 minutes. The price ranged from 63,900.3 USDT to 63,675.4 USDT, with an amplitude of 0.35%. The candlestick volume was about 1,031 BTC; there was no breakout on rising volume. Overall, the market remains in a tight range consolidation, with intense back-and-forth between buyers and sellers around $63,860. The main drivers behind this modest uptick come from two areas. First, the Israel–Iran conflict reached a

According to ICE Futures Exchange, Brent crude oil futures for September delivery closed at $84.09 per barrel on July 28 (local time), down 4.8% from the previous trading day. This marks the third consecutive day of sharp declines, driven by growing optimism over U.S.-Iran dialogue resumption

According to The New York Times, U.S. oil and gas executives have cashed out nearly $400 million in company stock since the Iran war sparked energy supply tensions and lifted oil prices. Analysis of SEC filings by environmental group Friends of the Earth found that ConocoPhillips executives led the

According to Bloomberg commodity indices, CBOT grain futures posted mixed gains on Tuesday, July 28 at the close of New York trading. The Bloomberg Commodity Grain Index rebounded 0.67% to 32.1052 points. CBOT corn futures climbed 1.48%, while wheat futures rose 0.72%. Soybeans advanced 0.49% to $12

Abu Dhabi Murban crude futures fell 1.13% to $83.48 per barrel as of July 28.