Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, polysilicon 2609 futures rose 5% intraday on June 12, reaching 38,465 yuan per ton. Trading volume was active with approximately 2.944 billion yuan in turnover.

According to Jin10 futures, China's SC crude oil futures dropped 3.63% overnight on June 12 after U.S. President Trump posted conflicting statements on Truth Social regarding Iran. Trump initially stated the U.S. would launch a "fierce strike" against Iran and occupy oil infrastructure to control Ir

Goldman Sachs lowered its 2027 average Brent crude oil price forecast to $80 per barrel, citing increased supply and declining demand.

From 00:00 to 00:00 UTC on June 11, 2026 to June 12, 2026, BTC’s return was +0.28%, with a price range of 61,516.8–61,693.9 USDT and a volatility of 0.29%. The market showed a narrow-range fluctuation pattern; after hedging from geopolitical positive developments and a liquidity-absorption effect, it closed slightly higher. The main driver behind this move was the dramatic easing of the US-Iran conflict. On June 11, during the morning in U.S. Eastern Time, U.S. President Donald Trump announced t

According to Jin10 Futures, Malaysia's crude palm oil futures on the Bursa Malaysia Derivatives exchange may open lower on Friday (June 12), tracking declines in crude oil and soybean oil futures. U.S. crude fell after Trump announced the cancellation of plans against Iran on Thursday. Malaysia's p

According to Jin10 Futures, CBOT soybean futures fell 0.7% on Thursday (June 12), hitting a four-month low. The decline reflects favorable weather conditions in U.S. soybean-growing regions and falling crude oil prices. Midwest agricultural areas received widespread rainfall from storm systems,

According to BlockBeats, on June 12, CME announced 7×24 trading for new micro-sized WTI crude oil and gold futures contracts. The new crude oil contract will be one-tenth the size of CME's existing micro WTI contract and launches on August 30, while 24-hour trading for the 1-ounce gold futures contr

Petrobras CEO stated that drilling activities will reach the Amazon Nass oil storage area in approximately one month.

According to the CFTC, on June 10, the agency proposed a rule defining sports event contracts as gaming while permitting nearly all of them, opening a 90-day comment period. Five contract categories would be banned: player injuries, officiating outcomes, discrete in-game actions by named players,

According to Iranian military sources, a tanker was forced to comply with the Strait of Hormuz navigation ban after receiving warnings from Iran's Revolutionary Guards Navy.

According to the Ministry of Agriculture and Rural Affairs, China's wheat harvest reached 77.53% as of June 11. The progress reflects favorable weather conditions across major producing regions in Huai-Huang-Hai area, supporting accelerated mechanized harvesting

According to Guru Club, Brent crude August futures declined 2.92% to $90.38 per barrel on June 12. WTI July futures also retreated 2.58% to $87.71 per barrel, reflecting broad weakness across oil markets.

WTI crude oil fell below the $86 per barrel level today, trading at $85.86 per barrel.

WTI crude oil opened 0.8% lower on Friday, while spot gold and silver prices edged slightly higher.

According to Jin10, CME announced on June 12 that it will launch new ultra-micro crude oil and gold futures contracts with seven-day, 24-hour trading after regulatory approval. The new crude oil contract will be one-tenth the size of the existing micro WTI crude oil futures and is scheduled to launc

According to Iran's Foreign Ministry spokesperson, the Strait of Hormuz remains closed as of today due to what the government describes as illegal U.S. actions. Vessels are advised to exercise caution, as safe passage conditions do not currently

According to President Trump's statement on social media on June 11, he canceled planned military operations against Iran after negotiations with Iran's leadership reached agreement on deal terms and conditions. The announcement sparked a swift reversal in market sentiment, with U.S. equities

CME recently announced the expansion of trading hours for WTI crude oil and gold to a 7x24 trading mode, enabling round-the-clock market access for both commodities.

During U.S. trading hours today, the Metals and Mining Index rose 6.02% to 301.05 points, jumping higher at the open and maintaining upward momentum throughout the session. The Philadelphia Gold and Silver Index climbed 5.40% to 328.19 points. The Commodities Index gained 4.24% to 248.30 points. A s

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market