Commodities (Crude Oil & Copper) & Macro Outlook

According to Germany's Economy Ministry, labor demand is not expected to rebound even during summer, citing persistently high energy prices as a constraint on economic recovery.

According to Iran's Mehr News Agency, on June 12, Iran and the U.S. agreed to a memorandum of understanding that includes U.S. commitment to lift sanctions, withdraw troops from Iran's vicinity, and end the naval blockade. The agreement also covers reopening the Strait of Hormuz, canceling oil sanct

According to CryptoQuant analyst Axel Adler Jr., global risk sentiment has turned neutral, with market expectations around SpaceX's upcoming IPO also influencing investor mood. Recent geopolitical tensions have shown signs of de-escalation. Meanwhile, approximately 372 oil tankers remain stranded i

Brent crude oil declined 0.8 dollar intraday, trading down 2.00% at $86.76 per barrel.

According to Guru Club, WTI crude oil futures fell 3% to $84.983 per barrel today (June 12). Brent crude oil futures also declined 3% to $87.595 per barrel.

According to Jin10, on June 12, Shanghai Futures Exchange energy and chemical commodity warehouse inventory data showed mixed movements. Pulp futures warehouse inventory reached 236,681 tons, up 872 tons day-on-day. Coated paper futures warehouse inventory stood at 1,557 tons, up 600 tons.

According to ChainCatcher, Federated Hermes announced the recent launch of Federated Hermes Money Market Management Digital Treasury Fund, designed to meet GENIUS Act stablecoin regulatory requirements. The fund is open to stablecoin issuers, institutional investors, and retail investors. Assets he

According to UNCTAD's June Global Trade Update report, global lithium demand is projected to grow 353% from 2024 to 2040, while graphite demand will increase 131%. Lithium's share of clean technology demand is expected to rise from 62% in 2024 to 87% by 2040. In 2025, the Democratic Republic of

According to Axios on June 11, the Trump administration's forthcoming U.S.-Iran memorandum of understanding includes the immediate reopening of the Strait of Hormuz with no transit fees, as well as sanctions relief for Iran based on compliance with the agreement's

According to Goldman Sachs on June 12, the bank lowered its 2027 Brent crude oil price forecast to $80 per barrel, citing sustained global supply expansion and weakening demand. For Q4 2026, Goldman Sachs projects average Brent prices around $90/barrel. While maintaining a near-term positive

According to Bloomberg, CME Group announced plans to introduce 24/7 trading for gold and WTI crude oil futures products. Micro WTI crude oil futures contracts, sized at one-tenth of the existing WTI contract, will launch on August 30. One-ounce gold futures contracts will begin 24/7 trading

According to Guru Club, crude oil (SC) futures fell 6.11% to 550.2 yuan per barrel on June 12, with low-sulfur fuel oil (LU) down 4.59% to 4,508 yuan per ton, fuel oil declining 4.30% to 3,609 yuan per ton, and asphalt slipping 1.40% to 4,442 yuan per ton.

According to BlockBeats citing Hyperinsight data, on June 12, oil prices extended declines following reports that a peace agreement between the U.S. and Iran could be signed as early as this weekend, with plans to reopen the Strait of Hormuz and eliminate transit fees. WTI crude dropped 5.45% in 24

According to KazTransOil, Kazakhstan's state oil transport company, the country exported oil to Germany in May.

Fuel oil futures fell 4% intraday to 3,616 yuan/ton on June 12.

According to pricing documents, Kuwait has significantly cut crude oil prices for Asia effective in July.

According to Foresight News, trading app fomo launched perpetual futures functionality, supported by Hyperliquid and trade.xyz. Users can now trade perpetual contracts across stocks, Pre-IPO shares, cryptocurrencies, indices, and commodities within the fomo

According to Kpler, in May, the U.S. became India's largest supplier of liquefied petroleum gas (LPG) and liquefied natural gas (LNG). The U.S. exported 630,000 tons of LPG that month, surpassing combined supplies from all Gulf countries by approximately 60%, which totaled 380,000 tons.

According to ChainCatcher, an upcoming U.S.-Iran memorandum of understanding requires the Strait of Hormuz to reopen immediately without transit fees and restore to pre-war shipping levels within 30 days. In exchange, the U.S. will lift related blockades and allow Iran to resume oil exports. Iran