Commodities (Crude Oil & Copper) & Macro Outlook

According to Oilprice.com, the U.S. International Development Finance Corporation (DFC) announced today that it will provide $4.84 million to Harena Rare Earths' Ampasindava rare earth project in Madagascar to support pilot plant operations, metallurgical testing, and environmental research. The Am

According to Hyperinsight monitoring, on July 30, Polymarket trader xm39 held 806,700 Yes shares betting on a U.S. invasion of Iran by 2027, with a position cost of $223,000 at an average of $0.2763. The trader's linked Hyperliquid address is now the platform's largest WTI crude long,

According to Singapore Enterprise Development Board, Singapore fuel oil inventories fell by 1.326 million barrels to 1.814 million barrels in the week ended July 29, marking a six-week low.

According to Singapore's Economic Development Board, distillate fuel oil inventories declined by 981,000 barrels during the week ended July 29, dropping to 7.734 million barrels, the lowest level in seven

According to Singapore's Economic Development Board, as of the week of July 29, Singapore light distillate stockpiles rose 616,000 barrels to reach a three-week high of 12.084 million barrels.

According to POSCO Holdings' second-quarter earnings call on July 30, the company highlighted growing demand from AI data centers, noting that its thick-plate steel structure offers competitive advantages for this segment. The company expects increased demand for interior materials including

According to Kpler shipping data, the U.S. Navy escorted oil tankers through the Strait of Hormuz on July 29, with the LNG tanker Al Areesh departing Qatar. Shipping tracking records confirmed the vessel's transit through the waterway. Kpler reported that 14 cargo vessels passed through the Strait o

According to Pakistani Foreign Ministry spokesman Tahir Andlebi, negotiations between the U.S. and Iran remain underway on July 30, with focus on the Strait of Hormuz and de-escalation efforts.

According to Jin10, on July 30, Shanghai Futures Exchange (SHFE) energy and chemical warehouse inventory data showed notable changes: pulp futures warehouse inventories increased by 8,643 tons to 349,308 tons; low-sulfur fuel oil futures warehouse inventories rose by 5,000 tons to 5,000 tons.

According to Yonhap Infomax, on July 30, POSCO International reported second-quarter operating profit of 429 billion Korean won, up 26.9% year-over-year, and revenue of 9.62 trillion Korean won, rising 18.4%. The growth was driven by improved profitability across energy and materials segments,

According to Jin10 Futures on July 30, Singapore's fuel oil market structure strengthened in July as Middle East tensions escalated. Both low and high-sulfur fuel oil spreads tightened during the month, reflecting constrained supply. Low-sulfur inventory is expected to remain tight through

According to Jin10 Futures, on July 28, 2026, the EU Commission issued a final ruling in its third sunset review, deciding to continue anti-dumping duties on ferro-silicon from China and Russia. The Commission determined that revoking the existing measures would likely result in continued or

POSCO International's Australian subsidiary Senex Energy reported Q2 operating profit of 33.2 billion won, a 235% increase from the same period last year, according to the company's Q2 earnings conference call held on the 30th. The surge was driven by production expansion effects at Senex Energy's g

South Korea's National Pension Service disclosed that its fund assets reached 1,849 trillion won as of the end of May, according to an announcement on the 30th. The fund's asset allocation consisted of 29.4% in domestic stocks, 35.2% in foreign stocks, 15.7% in domestic

According to POSCO International's earnings call on July 30, the company's Australian subsidiary Senex Energy reported a second-quarter operating profit of 332 billion Korean won, up 235% year-over-year. Revenue reached 1,341 billion won, rising 49.4% from the same period last year. Sales volume

As of July 30, 2026, according to Gate market data, Brent crude oil is at $88.69 per barrel, up 4.95% over the past 24 hours; WTI crude oil is at $85.09 per barrel, up 3.88%. Just one trading day earlier (July 29), Brent crude surged 7.91% at the close, finishing at $90.74 per barrel—one of the most aggressive single-day gains since the latest escalation of the Iran–U.S. conflict. On the same day, the Dow Jones Industrial Average plummeted by 1,153.18 points, down 2.19%, marking the largest sing

According to Christian Hoffmann, head of fixed income at Xiong Bo Investment Management, the Federal Reserve's decision to keep interest rates unchanged represents a 'disturbing inaction' rather than an inevitable outcome. The move comes as oil prices surge again amid heightened geopolitical

Asian stocks traded without clear direction on Thursday as investors assessed a divided Federal Reserve rate decision and ongoing volatility in South Korean equities. The Fed voted 9 to 3 on Wednesday to hold its benchmark rate at 3.5% to 3.75%, with three regional presidents dissenting in favor

According to Jin10, the Caspian Pipeline Consortium has suspended oil loading operations after a tanker was struck by a drone attack. The incident marks a disruption to petroleum transportation in the region.

WTI crude oil futures gained over 1% intraday on July 30, trading at $85.45 per barrel.