Commodities (Crude Oil & Copper) & Macro Outlook

According to Indian officials, three Indian sailors were killed on an oil tanker that was targeted by U.S. military forces over alleged violations of American sanctions against Iran.

According to Guru Club, polysilicon main contract surged 8% on June 11, now trading at 37,375 yuan per ton.

UAE-based ASK Group and U.S. blockchain company Keeta launched a joint venture to tokenize physical Gulf commodities including oil, gold, silver and copper onto a public exchange by 2027. The partnership aims to democratize direct asset ownership by converting physical reserves into fractional

According to shipping intelligence firm Kpler, approximately 96 million barrels of non-Iranian crude oil have been exported through the Strait of Hormuz or the Gulf of Oman since early May. Including shipments still loading, total exports exceed 100 million barrels, broadly aligning with former U.S.

Gate News, May 2026, according to Gate’s Transparency Report. In May, Gate spot trading volume reached $3.94 billion, derivatives trading volume was $35.16 billion, and total trading volume was $39.10 billion. The derivatives market share is close to 10%, and the reserve size ranks fourth globally. The platform business achieved comprehensive growth. The CFD contract market size further expanded, with 605 trading assets already live. The number of assets ranks first globally among crypto trading

According to PRNewswire, UAE-based ASK Group and Keeta, a blockchain company backed by tech billionaire Eric Schmidt, have launched a joint venture to tokenize physical Gulf commodities on a public exchange accessible to global investors by 2027. The platform will convert oil, gold, silver and

According to Guru Club, polysilicon futures (multi-Si 2609) surged 7% intraday on June 11, reaching 36,970 yuan per ton with trading volume exceeding 19.9 billion yuan.

According to Jin10 data on June 11, Russia's Gubkin refinery halted operations after a drone strike, contributing to a significant supply disruption in global oil markets. Shell's CEO stated that the Strait of Hormuz-related situation has created a 1.2 billion barrel supply gap in the oil market,

According to Reuters, in May, the U.S. surpassed Saudi Arabia and Russia to become the world's largest oil exporter at 10.5 million barrels per day, maintaining the top position for three consecutive months. Russia's exports have declined to 7 million barrels daily due to Ukrainian drone attacks and

According to Guru Club, lithium carbonate futures rallied over 4% on June 11, with prices trading at 173,900 yuan per ton.

According to Jin10, on June 10, CME data showed gold trading volume increased 64,627 contracts to 225,114 while open interest rose 4,499 to 337,208 hand. Silver volume climbed 7,669 to 86,834 contracts with open interest up 2,584 to 106,024. WTI crude oil volume surged 18,349 to 943,979 contracts an

On June 10, the U.S. Commodity Futures Trading Commission issued its first prediction-market rule proposal, signaling it would broadly permit sports event contracts while restricting wagers on manipulable outcomes. Under the proposed rules, sports contracts settling on aggregate outcomes such as

According to BlockBeats, U.S. May consumer price inflation reached 4.2% year-over-year on June 11, marking the highest level in three years. Energy prices surged 23.5% annually, with gasoline prices jumping 40.5%, accounting for over 60% of the monthly inflation increase. Core CPI, which excludes f

WTI crude oil declined 1.00% intraday on June 11, trading at $91.76 per barrel. Brent crude fell below $93 per barrel, down 0.80% for the day.

According to Jin10, KKR's Chief Investment Officer Henry McVay said today (June 11) that inflation in most major economies is likely to remain persistently higher than expected. Geopolitical shocks, including Iran-related tensions, are becoming more frequent. Commodity prices, which experienced

According to Financial Times on June 9, the EU sought to persuade Group of Seven members to postpone raising the price cap on Russian oil, aiming to prevent Russia from profiting from elevated international crude prices. The EU specifically hoped Canada and the UK would delay adjusting the price

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) traded at 166,600 yuan/ton today (June 11), up 950 yuan/ton from the previous day's closing price.

U.S. AI stocks saw another selloff on June 10, dragging down all three major U.S. stock indexes: the S&P 500 fell 119.66 points to close at 7,266.99 points, marking its first consecutive decline in three weeks and retreating to early-May levels; the Dow Jones Industrial Average plunged 953.33 points to close at 49,918.78 points; and the Nasdaq led the drop, falling 509.32 points to close at 25,169.50 points. Wall Street Tech Stock Selloff Data Nvidia: Down 3.7%, the biggest drag on the S&P 500;

Gate News: According to the latest Gate TradFi data, GAS (Gasoline) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Guru Club, palladium futures rose 5.08% intraday on June 11, reaching 299.75 yuan per gram with trading volume of approximately 929 million yuan.