Commodities (Crude Oil & Copper) & Macro Outlook

According to BlockBeats (Jin10), President Trump announced on June 16 that the United States will impose stricter sanctions on Russia in the near term. Trump stated the administration is prepared to allow the Russian oil sanctions exemption to

WTI crude oil fell 5.00% intraday on June 16, trading at $77.32 per barrel.

According to Trump's statement reported by BlockBeats on June 16, the United States reached an agreement with Iran, with vessel traffic beginning to flow through the Hormuz Strait. Trump stated the strait will be fully open by Friday, as oil prices decline in response to increased supply

U.S. import prices excluding gasoline rose 0.8% month-over-month in May, beating consensus expectations of 0.5% and up from 0.7% in the previous month.

U.S. import prices in May rose 6.7% year-over-year, surpassing the expected increase of 5.7% and up from 4.2% in the prior month.

The U.S. export price index rose 1.3% month-over-month in May, exceeding the 0.9% forecast and marking a significant slowdown from the previous month's 3.3% increase.

The U.S. import price index rose 1.9% month-over-month in May, beating market expectations of 1% growth and matching the prior month's reading of 1.9%.

U.S. export prices in May rose 11.2% year-over-year, exceeding expectations of 10.2% and the prior month's 8.8% increase.

Dubai crude oil physical premium turned negative for the first time since early 2026, according to market data. The premium had reached a peak of $65 per barrel in mid-March.

According to ECB Governing Council member Escrivá, on Tuesday, energy supply complexities are likely to persist despite an agreement to reopen the Strait of Hormuz. While U.S.-Iran negotiations have pushed oil prices lower as markets anticipate the end of the conflict, the ECB policymaker

According to Kpler analyst Amena Bakr, confirmed transits through the monitored Hormuz Strait region (covering commercial and non-commercial vessels) remained at 5 vessels as of June 15, unchanged from the previous

According to Commerzbank on June 16, the German bank forecasts Brent crude oil prices to remain around $85 per barrel through year-end. The lender's head of commodities research, Thu Lan Nguyen, stated that further negotiations between the U.S. and Iran on a new nuclear deal "could be very bumpy." T

According to Guru Club, on June 16, WTI crude oil futures fell 3.07% to $77.005 per barrel, while Brent crude oil futures declined 3.19% to $80.516 per barrel.

Brent crude oil fell below $80 per barrel today, marking its lowest level since March 10, with an intraday decline of 3.56%. WTI crude dropped 4.00% to $78.12 per barrel.

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Iran's state television, three Iranian oil tankers and two vessels carrying essential supplies are currently sailing from the Indian Ocean toward Iranian ports.

Brent crude oil declined 3.00% intraday on June 16, trading at $80.45 per barrel.

According to Bloomberg, two Iran-linked tankers transited the Strait of Hormuz on Friday, June 13, ahead of the US-Iran peace agreement set to reopen the waterway. Ship-tracking data shows the fuel tankers