Commodities (Crude Oil & Copper) & Macro Outlook

India's High Commissioner to Canada stated that the country's newly built refinery is specifically designed to process heavy crude oil, positioning Canada as a potential supplier. India is holding regular meetings with Canada's Department of Natural Resources to explore energy procurement options, a

According to sources, Russia's Kuibyshev refinery halted crude oil processing starting June 10 following drone strikes. The facility suspended operations beginning today, impacting the region's petroleum

According to President Trump, the United States is extracting millions of barrels of oil every night. The statement reflects the administration's focus on domestic energy production.

WTI crude oil futures rose 3.00% intraday today (June 10), closing at $90.89 per barrel.

The U.S. Commodity Futures Trading Commission proposed a framework on June 10 that establishes a 90-day review process for certain event contracts submitted by registered exchanges. The framework, designated Release No. 9249-26, amends Regulation 40.11 and adds Appendix F to Part 40, replacing a 202

According to U.S. Energy Secretary Wright, the United States will begin refilling the Strategic Petroleum Reserve (SPR) starting in early 2027.

According to U.S. government estimates, Florida-based Vanguard Energy is in talks to export 250,000 barrels of diesel and gasoline to Cuba—the largest shipment of American fuel since the Eisenhower-era embargo. The cargo comprises 100,000 barrels of gasoline and 150,000 barrels of diesel,

According to the official CPI release on June 10, May 2026 headline inflation reached 4.2% year-over-year, the highest reading since April 2023, driven primarily by a 40.5% annual surge in gasoline prices and 58.9% jump in fuel oil. Energy costs, tied to the ongoing U.S.-Iran conflict and its

According to a Reuters survey, OPEC crude oil production declined by 1.06 million barrels per day in May, hitting the lowest level in more than 20 years.

According to the U.S. Energy Information Administration, the strategic petroleum reserve declined by 7.927 million barrels for the week ended June 5, compared to a decrease of 7.993 million barrels in the prior week.

U.S. strategic petroleum reserve (SPR) inventories reached their lowest level since the week of August 18, 2023, as of the week ending June 5, according to EIA data.

According to EIA data, U.S. distillate fuel oil production implicit demand for the week ended June 5 rose to 5.3626 million barrels per day from 5.0864 million barrels per day in the prior week, representing an increase of 2.76

According to EIA data released this week, U.S. crude oil implied demand for the week ending June 5 fell to 20.719 million barrels per day from 21.243 million barrels per day the previous week, marking a decline of 524,000 barrels per day.

According to the U.S. Energy Information Administration (EIA), weekly gasoline production derived demand for the week ending June 5 reached 9.87 million barrels per day, up from 9.53 million barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), refinery distillate inventories declined 200,000 barrels in the week of June 5, compared to 15.02 million barrels in the previous week.

According to EIA data, U.S. gasoline production reached 296,000 barrels per day for the week ending June 5, rebounding from a decline of 51,500 barrels per day in the prior week.

According to EIA, U.S. refinery equipment utilization rate increased 0.6% for the week ending June 5, compared to 0.2% in the prior week.

According to the U.S. Energy Information Administration (EIA), gasoline inventories declined by 186,000 barrels in the week of June 5. The prior week's inventory change was 3.364 million barrels.

According to EIA data, U.S. crude oil imports in the week ended June 5 totaled 525,000 barrels, rebounding from minus 249,000 barrels in the prior week.