Commodities (Crude Oil & Copper) & Macro Outlook

On Tuesday, the S&P 500 fell 0.3% to 7,386.65, while the Nasdaq 100 dropped 1.1% to 29,084.50, as investors reassessed risks in mega-cap technology stocks. The decline marked the second consecutive session of losses, driven by concerns over sky-high valuations in AI and semiconductor sectors and

WTI crude oil rose more than 1% intraday on June 9, trading at $90.60 per barrel.

According to ship-tracking firms Kpler and Vortexa, Saudi Arabia's jet fuel exports to Europe reached their highest levels this week, with imports via the Red Sea port of Yanbu hitting 118,000 barrels per day—the highest since August 2025. Vortexa estimated daily imports at 140,000 barrels. The

U.S. stock markets faced renewed selling pressure on June 9, with an AI-driven semiconductor rally quickly losing steam. The Philadelphia Semiconductor Index fell 1.93% while the iShares Semiconductor ETF (SOXX) dropped over 1.6%, paring the previous day's 6% gain. The S&P 500 declined 0.26% and the

Robert Kiyosaki, author of 'Rich Dad Poor Dad,' commented on June 7 via Facebook about India's Cockroach Janata Party (CJP), a protest movement that emerged following controversial remarks attributed to India's chief justice during a court hearing. The movement was founded by Boston University

According to Reuters, on Tuesday at the Global Energy Show in Calgary, ADNOC executives revealed the company is actively evaluating investment opportunities in Canada's upstream oil exploration and liquefied natural gas sectors through its newly established international investment platform

According to the American Petroleum Institute (API), U.S. crude oil production reached 262,000 barrels per day for the week ending June 5, 2026, up from 185,000 barrels per day in the previous week.

According to API data, U.S. crude oil imports fell by 358,000 barrels in the week ending June 5, reversing a gain of 543,000 barrels in the prior week.

U.S. finished oil imports declined 51,000 barrels per day in the week ending June 5, according to API data, down from 334,000 barrels per day the prior week.

According to API (American Petroleum Institute), U.S. heating oil inventories declined by 407,000 barrels in the week ended June 5, compared to an increase of 498,000 barrels in the prior week.

According to API Cushing data, U.S. crude oil inventories declined by 1.125 million barrels in the week ending June 5, compared with a decrease of 279,000 barrels in the previous week.

According to API data released for the week ended June 5, U.S. gasoline inventories declined by 1.191 million barrels, significantly exceeding market expectations of a 614,000-barrel drawdown. The prior week's inventories stood at 3.454 million barrels.

According to API data, U.S. crude oil inventories fell by 9.119 million barrels for the week ending June 5, significantly exceeding market expectations of a 3.421 million barrel decline and marking a larger drawdown compared to the prior week's 6.757 million barrel

On Tuesday, June 9, major U.S. asset class ETFs showed mixed performance. Real estate ETFs (REITs) gained 2.30%, while gold ETFs declined 1.63% and Brent crude oil futures ETFs fell 2.76%.

The American Petroleum Institute (API) will release its weekly crude oil inventory report at 04:30 Beijing time. Non-API members can access the data details starting around 04:32.

According to Jin10, international oil prices declined significantly on June 9. New York NYMEX crude oil futures for July delivery dropped $3.10 to close at $88.20 per barrel, a 3.4% decline, while London Brent crude futures for August delivery fell $2.80 to $91.45 per barrel, a 2.97%

According to the International Maritime Organization, over 160 tankers remain stuck in Persian Gulf waters for more than 100 days since regional conflict erupted in late February. IMO Secretary-General Dominique Dumas warned on June 9 that maritime security cannot be compromised for commercial

According to Bloomberg commodity data, on Tuesday June 9, CBOT corn futures fell 0.22%, wheat rose 0.30%, and soybeans declined 0.37% to $11.3125 per bushel at New York close. Soybean meal futures dropped 0.78%, while soybean oil futures gained 0.03%. Among other commodities, New York cocoa futures

According to market data, U.S. Treasury yields declined 3-5 basis points on Tuesday (June 9) as crude oil prices fell to their lowest levels in over a month, easing inflation concerns. West Texas Intermediate (WTI) futures dropped over 5%, while Brent crude fell more than 4%, as weak Chinese