Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, on June 15, U.S. crude futures declined sharply. WTI July contracts fell 4.87% to $80.75 per barrel, while Brent August contracts dropped 4.76% to $83.17 per barrel. Abu Dhabi Murban futures fell 7.48% to $76.81 per barrel, approaching its March 3 low

According to Bloomberg, IG4 is seeking to acquire enough debt to gain control of over 50% of Raizen, a Brazilian sugar and ethanol producer in financial distress.

According to Jin10, U.S. inflation accelerated to its fastest pace in over three years in May, though economists believe the trend has likely peaked. Following news of a temporary Iran-U.S. agreement, oil prices fell and equity markets rallied. "The overall trend is downward," said Andrew

According to Jin10 Data, the spot delivery price at the Waha hub in Texas, a key indicator of shale basin natural gas prices, turned positive at 35 cents per million British thermal units on Monday, marking the first time since February that prices have moved above zero. The price had been

On Monday, Latin American equities and currencies diverged as markets digested the U.S.-Iran framework peace agreement, which boosted global risk appetite and lowered oil prices. Brazil's real depreciated 0.2% against the dollar, while the country's main stock index fell 0.4%, dragged down by

According to Iranian authorities on June 16, five Iranian vessels, including three oil tankers and two cargo ships carrying essential supplies, successfully breached the U.S. maritime blockade. Tracking data confirmed that a super-tanker is en route from international waters to Iranian ports after p

South Korea's export price index rose 46.9% year-on-year in May, according to official data released in June. The prior month's figure was revised upward to 41.3% from the previously reported 40.80%.

On Monday (June 15), emerging markets ETF surged 3.29%, leading major U.S. equity asset classes. Nasdaq-100 ETF gained 3.14%, followed by Barclays U.S. Convertible Bond ETF up 2.70%, and Gold ETF up 2.59%. The S&P 500 ETF rose 1.76%, Dow Jones ETF climbed 1.05%, and Russell 2000 Index ETF

On Monday, June 15, Emerging Markets ETF led major U.S. ETF classes with a gain of 3.29%, followed by Nasdaq-100 ETF up 3.14%, Barclays U.S. Convertible Bond ETF up 2.70%, gold ETF up 2.59%, and S&P 500 ETF up 1.76%. Russell 2000 Index ETF and Dow Jones ETF gained 0.82% and 1.05% respectively. On th

On June 15, the Bloomberg Commodity Index rose 0.49% to 29.4444 points, according to Bloomberg data. Chicago Wheat futures gained 0.76% to close at $6.0025 per bushel. Arabica Coffee futures surged 2.37%, while Robusta Coffee rose 0.34%. New York Cocoa futures jumped 3.36% to $3,998 per ton, with

According to Bitstamp data, Bitcoin breached $67,000 for the first time in nearly two weeks on June 15, with an intraday high of $67,253, triggering $198 million in short liquidations in 24 hours. The move followed a U.S.-Iran agreement that saw Tehran pledge to reopen the Strait of Hormuz, easing g

WTI July crude futures fell $4.13, or 4.87%, to close at $80.75 per barrel today. Abu Dhabi Murban crude futures dropped 7.48% to $76.81 per barrel, approaching a 3-month low of $76.26 set on March 3.

Shanghai Futures Exchange crude oil contract (2608) fell 1.96% in the night session to 531.20 yuan per barrel. Shanghai gold gained 1.77% while Shanghai silver rose 2.49% overnight.

India's government will keep gasoline export taxes unchanged over the next two weeks, according to an official statement issued on June 15.

According to Citi, the bank cut its oil price outlook to bearish scenario levels, with revised quarterly forecasts of $75 per barrel for Q3 2026 and $70 per barrel for Q4 2026.

According to Fitch Ratings on June 16, the global oil market is expected to return to oversupply conditions within approximately one month if an agreement enables the complete opening of the Strait of Hormuz.

The London Metal Exchange announced on June 15 that Detroit has been approved as a "good delivery point" for copper, effective in three months. The designation follows the approval of the first authorized copper warehouse operator in the city, expanding the geographic network of locations

Iran set the price for its light crude oil exports to Asia in July at a premium of $7.15 per barrel above the Oman/Dubai benchmark.

According to the U.S. Department of Energy, America's Strategic Petroleum Reserve (SPR) fell to approximately 340 million barrels on June 15, marking the lowest level since 1983. The decline follows the Trump administration's release of 172 million barrels from the emergency reserve aimed at