Commodities (Crude Oil & Copper) & Macro Outlook

According to Goldman Sachs' latest research note, lithium prices could rise to 250,000 yuan per ton in the fourth quarter of 2026. The forecast follows a recent report by the UN Conference on Trade and Development (UNCTAD) projecting global lithium demand will grow 353% between 2024 and 2040,

According to Guru Club, on June 13, the U.S. Commodity Futures Trading Commission (CFTC) is considering rejecting the Chicago Mercantile Exchange (CME) application to launch round-the-clock crude oil futures

According to CNN on June 12, crude oil inventory at Cushing, Oklahoma—the primary delivery hub for U.S. West Texas Intermediate futures—has fallen to 21.6 million barrels, approaching the industry-recognized operational threshold of around 20 million barrels. Cushing typically holds about 40 million

According to Guru Club, on June 13, WTI July crude oil futures fell 2.83 dollars, down 3.22% to 84.88 per barrel, marking the lowest level since the onset of Middle East tensions. The decline was driven by cooling geopolitical tensions and progress toward a U.S.-Iran agreement. For the week, crude o

According to Jin10, Iran's National Security Council Deputy Nabouyan said on June 13 that all commercial vessels will resume unrestricted transit through the Strait of Hormuz if an Iran-U.S. memorandum of understanding is reached, based on the text he

Trump posted Saturday on Truth Social that a U.S.-Iran agreement signing is scheduled for June 14, with the Strait of Hormuz reopening immediately after. Iranian Foreign Ministry spokesperson Esmaeil Baghaei denied a Sunday signing would occur, citing what he described as hesitation and

Bitcoin bounced above $63,000 this week, recovering from a dip below $59,000 as it attempts to reclaim its 200-week moving average. Ethereum and altcoins continued to decline. The moves reflect exogenous pressures beyond crypto: Dallas Fed President Lorie Logan signaled that higher interest rates

According to UK Maritime Trade Operations, a tanker located approximately 6 nautical miles east of Oman was struck by unidentified projectiles on June 13. All crew members aboard the vessel were reported

According to Iran's Foreign Ministry spokesperson, Iran will charge fees for services provided in the Strait of Hormuz, according to Iran's state news agency IRNA.

According to traders and vessel tracking agencies, Persian Gulf oil supply reductions came in at 5-6 million barrels per day on June 12, significantly lower than initial estimates of 12-15 million barrels per day. Millions of barrels are flowing through the Strait of Hormuz without being

A Nanjing steelmaker expects to produce over 2 million tons of ship-grade steel in 2026, with orders already booked through 2028, according to the company's leadership. Rising demand for automotive transport vessels—which require high-precision ultrathin plates to maintain optimal weight

Coinbase announced on June 13 that gold and silver futures are now available for 24/7 trading to U.S. traders through Coinbase Derivatives, a CFTC-regulated Designated Contract Market. The move follows the CFTC's approval on June 11 of Coinbase Financial Markets as the first futures commission

According to CNN citing U.S. Energy Information Administration data, crude oil inventory at Cushing, Oklahoma—America's primary oil delivery hub for West Texas Intermediate futures—dropped to 21.6 million barrels on June 12, approaching the 20 million barrel operational warning level. Cushing

According to UK Maritime Trade Operations, a tanker was struck by an unidentified object in waters near Oman on June 13.

According to the Ukrainian Security Service, Ukrainian forces conducted a drone strike on the Taman oil and gas terminal in Russia's Krasnodar region on June 13.

According to Coinbase official announcement, on June 13, Coinbase launched 24/7 trading for gold and silver futures in the U.S. through its Derivatives Exchange. The contracts include one troy ounce of gold and 50 troy ounces of silver. Eligible traders can access the products via participating

According to the Financial Times, Lionheart Capital, a Miami-based investment fund, has signed a non-binding agreement to merge its blank check company Lionheart Holdings with Keo Energy, which holds oil field assets in Venezuela, on June 13. The combined entity aims to become the first Venezuelan o

Ukrainian forces struck Russian oil infrastructure in the Volgograd region, according to Ukraine's military. The attack was part of ongoing operations against Russian energy facilities.

On June 13, ECB policymaker and German central bank governor Nagel expressed his view that prices could remain elevated for an extended period even if the Iran conflict resolves quickly. According to Nagel, supply chains have fundamentally shifted and risk premiums may increase, making a return to p