Commodities (Crude Oil & Copper) & Macro Outlook

On Friday (June 12), U.S. equity and asset class ETFs posted mixed results. The Barclays U.S. Convertible Bond ETF gained 1.19%, while the S&P 500 ETF rose 0.54% and the Russell 2000 Index ETF advanced 0.87%. In contrast, the U.S. Brent crude oil fund fell 2.67%, U.S. Treasuries 20+ Year ETF

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators increased their net short positions in U.S. Treasury futures on the Chicago Board of Trade (CBOT) by 3,452 contracts to 163,305 for the week ending June 9. In detail, speculators reduced 2-year Treasury futures net

According to the U.S. Commodity Futures Trading Commission (CFTC), speculative net long positions in NYMEX WTI crude oil decreased by 1,052 contracts during the week ending June 9, falling to 123,207 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ending June 9, COMEX gold speculators' net long positions fell by 7,681 contracts to 103,660. COMEX silver speculators' net long positions declined by 639 contracts to 9,794, while COMEX copper speculators' net long po

According to the U.S. Commodity Futures Trading Commission (CFTC), as of the week ended June 9, natural gas speculators across the four major markets on NYMEX and ICE increased their net short positions by 13,063

Tock Group has become the largest buyer of U.S. Strategic Petroleum Reserve (SPR) supplies, according to market transactions, followed by refiner Marathon Petroleum Corp and Shell Trading division.

According to customs data compiled by Kpler Ltd., the United States exported approximately 22 million barrels from its Strategic Petroleum Reserve (SPR) to overseas markets so far this year, surpassing the previous record set four years ago. The surge is attributed to severe supply disruptions

On Friday (June 12), CBOT corn futures fell 1.18% this week to $4.4075 per bushel, soybean meal declined 2.12%, while Robusta coffee futures surged 8.94%, according to Bloomberg commodity data. The Bloomberg Grains Index dropped 0.29% this week, hitting a daily high of 29.8885 points on June 10.

According to Jin10, on June 12, Cuban President Díaz-Canel condemned the United States for further tightening its oil embargo against Cuba, calling the move "boundless" in its aggression. After banning other nations from supplying fuel to Cuba, the U.S. expanded sanctions to target Cuba's

According to Jin10, as of 2:30 a.m. on June 13, Shanghai gold futures closed up 2.30% at 922 yuan per gram, Shanghai silver futures rose 5.22% to 16,488 yuan per kilogram, and SC crude oil futures fell 3.99% to 544 yuan per

Shanghai Futures Exchange crude oil contract 2607 closed down 3.99% at 544 yuan per barrel in night trading on June 12. Shanghai gold futures rose 2.30%, while Shanghai silver futures gained 5.22%.

According to U.S. Energy Secretary Wright on June 13, American refiners can absorb more Venezuelan crude oil. Venezuela exports approximately 1.2 million barrels daily, with roughly half currently being shipped to the United States. Wright indicated this share could increase over the coming months a

According to the Intercontinental Exchange (ICE), speculators' net long positions in Brent crude fell by 43,609 contracts to 208,891 during the week of June 9, marking a 21-week low.

Baker Hughes reported that U.S. energy companies reduced their drilling rig count for the first time in eight weeks, according to the company's latest data.

In the week of June 12, U.S. total active rigs decreased to 562 from 563 in the prior week.

U.S. natural gas rigs fell to 121 in the week ended June 12, from 124 in the prior week.

According to CME Group on June 11, the derivatives exchange announced plans to introduce 24-hour, seven-day-a-week trading for micro crude oil futures and 1-ounce gold futures contracts. The new micro crude oil contract, sized at one-tenth of the existing Micro WTI contract, will launch on NYMEX on

LME copper futures closed higher by $216 today, settling at $13,698 per metric ton. Nickel gained $137 to $17,830/ton, while tin surged $904 to $53,752/ton. Aluminum rose $33 to $3,535/ton, and zinc climbed $88 to $3,584/ton. Lead advanced $22 to $1,966/ton. Cobalt futures remained flat at $56,290/t

London Metal Exchange (LME) futures closed today, June 12, with mixed performances across industrial metals. Tin led gains, jumping 904 dollars to $53,752 per tonne, while nickel advanced 137 dollars to $17,830 per tonne. Copper rose 216 dollars to $13,698 per tonne, zinc climbed 88 dollars to $3,58