Commodities (Crude Oil & Copper) & Macro Outlook

According to Bloomberg, Shell is planning to divest its offshore wind farms by year-end 2026, with the transaction likely to complete in 2027. The company has appointed Rothschild & Co. and PJT Partners as advisors to lead the sale, with the deal valued at over $1 billion. The divestment marks Shell

According to Bloomberg, ExxonMobil is exploring an acquisition of Woodside Energy, sources said recently. The specific terms and timeline of the potential transaction were not disclosed.

WTI crude oil fell $1.17 per barrel to $85.32 in the last 5 minutes, while Brent crude declined $1.23 per barrel to $87.97 over the same period.

According to Energy Secretary Wright on June 12, the U.S. will not impose an oil export ban to suppress prices and seeks to fully refill the strategic petroleum reserve.

U.S. Energy Secretary Wright announced potential summer gasoline tax relief to help lower gas prices.

Mexico's President Claudia Sheinbaum said recently that U.S. auto prices have surged significantly. She noted that reducing tariffs on Mexican vehicles would align with American interests, highlighting the trade relationship between the two countries amid ongoing tariff

According to Guru Club, U.S. Energy Secretary Rick Perry stated today (June 12) that no Iranian crude oil flows through the Strait of Hormuz.

According to Guru Club, on June 12, U.S. Energy Secretary Wright stated that sanctions on Iran could be partially lifted if an agreement is reached.

According to reports, U.S. stocks rose on Friday, June 12, as signals of a potential temporary peace agreement between the U.S. and Iran eased risk sentiment. The Dow Jones Industrial Average gained 0.58%, the S&P 500 climbed 0.18%, and the Nasdaq Composite rose 0.03%, while the Semiconductor

According to Bitcoin.com News, Iran kept the Strait of Hormuz closed on June 11 despite Trump claiming the U.S. had reached a deal, while Bitcoin rebounded 2.3% to trade near $63,400 from a session low of $60,914. The waterway carries approximately 20% of global energy supply; its closure has

China's futures markets opened mixed overnight on June 12. Precious metals led gains, with Shanghai silver (Ag) rising nearly 2% and Shanghai gold (Au) climbing over 1%. Energy products declined broadly, with Shanghai crude (SC) falling nearly 3%, low-sulfur fuel oil (LU) and fuel oil dropping over

According to Indian media reports on June 12, the Indian government announced a 90-day cap on gasoline and diesel sales. The measure prohibits commercial entities and institutional users from purchasing fuel at retail stations designated for individual consumers, while placing daily purchase

According to Venezuelan officials, a new oil spill incident has been reported recently off the coast near Trinidad and Tobago. The Foreign Ministry stated the spill is more severe than the incident that occurred in

According to Royal Bank of Canada analyst Cathal Kennedy, UK economic growth is expected to slow further in coming quarters due to Middle East tensions. April data showed the economy contracted 0.1% month-on-month, reversing March's 0.3% expansion. Kennedy cited elevated commodity and service

According to Iran, 50 vessels are currently waiting for permission from Iran's Islamic Revolutionary Guard Corps Navy to transit the Strait of Hormuz, following a halt in passage attributed to U.S. hostile

According to Jin10, on June 12, defense analyst and former Austrian military official Wolfgang Putnik dismissed Trump's claim that a deal with Iran could be reached within days. Putnik stated that Trump's remarks on Iran negotiations should not be interpreted literally, describing them as part of an

According to Iran's Islamic Republic News Agency (IRNA) on June 12, Iran stated it will not restore the Strait of Hormuz to pre-war status.

According to Onchain Lens, a whale opened approximately 235,000 WTI crude oil short contracts with 20x leverage as crude oil prices fell below $85 per barrel. The position, with a notional value of around $19.38 million, quickly turned profitable. The whale's unrealized gains have

CME Group announced on local time June 11 plans for 24/7 trading of new smaller oil and gold contracts, pending regulatory approval. The new oil contract will be one-tenth the size of existing micro WTI crude futures, launching August 30, while 24-hour trading for the current 1-ounce gold futures be

According to CME, on June 11, the exchange announced plans to launch smaller-sized crude oil and gold futures contracts with 24/7 trading, pending regulatory approval. The new crude oil contract will be one-tenth the size of CME's existing micro WTI contract and will launch on August 30, while