Commodities (Crude Oil & Copper) & Macro Outlook

According to industry sources, Bharat Petroleum's Mumbai refinery will halt its 120,000 barrels-per-day crude oil unit and related secondary processing units in September-October for 3 to 4 weeks of maintenance.

According to the Israeli Defense Force, the air force struck multiple facilities within the Mahshahr petrochemical complex in southwest Iran this morning (June 8) under precise guidance from military intelligence. The facilities were previously used by Iranian armed forces for manufacturing and

According to reports, Abu Dhabi National Oil Company (ADNOC) sold at least 14 million barrels of UAE crude through a tender concluded last week, marking the first time such Gulf oil varieties have been offered this way since Iran tensions escalated. Insiders revealed that the sale included Upper

According to Dalian Commodity Exchange, egg option position limits are being adjusted to 1,200 contracts, effective from June 9, 2026. The new limits apply to non-futures company members and clients; long call and short put positions in the same month contract, as well as long put and short call pos

According to New York Times reporting today (June 8), Iran's Islamic Revolutionary Guard Corps warned it would expand retaliatory strikes, claiming to have targeted Israeli industrial facilities in the

WTI crude oil surged 5% intraday on June 8 after Iranian media reported explosions in Tehran. The price movement reflects market reaction to the geopolitical developments in Iran.

According to ChainCatcher, in a latest interview, Trump expressed opposition to Federal Reserve rate hikes, calling them an "unfair" punishment. He stated he wants Fed Chair Powell to "do what he wants to do," but made clear his stance against monetary tightening. Trump also disclosed that the

According to RBC Economics, U.S. headline inflation is expected to rise 0.5% month-over-month in May, reaching a 3-year high with a year-over-year pace of 4.2%. Core inflation, which excludes volatile food and energy prices, is forecast to increase 0.3% month-over-month, pushing annual core inflatio

Ukrainian military forces struck an oil depot in Russian-occupied Crimea on June 8, according to a military statement. The operation targeted infrastructure in the disputed region as part of ongoing military

According to Shanghai Futures Exchange data released by Jin10, on June 8, pulp futures warehouse inventory increased to 231,182 tons, up 2,370 tons from the previous trading day. Fuel oil futures inventory declined to 34,160 tons, down 2,000 tons from the prior day. Coated paper futures factory inve

On June 8, China's commodity-linked ETFs posted mixed results at market close. Cinda Energy and Chemical Futures ETF gained 3.49%, while China Investments and Silver Futures (LOF) fell over 6%. Other funds, including Huaxia Soybean Meal Futures ETF, Dacheng Non-Ferrous Metals Futures ETF, Nanjing

According to the Israeli Defense Forces, the Israeli Air Force struck multiple targets at the Mahshahr petrochemical complex in southwestern Iran on June 8 morning. Iranian media reported that part of the facility sustained damage. No casualties have been reported so far, and relevant authorities ar

The Shanghai Containerized Freight Index (SCFI) European route main contract rose 7.00% intraday on June 8, reaching 3919.0 points.

According to The Kobeissi Letter, crypto markets fell to their lowest levels since October 2024 this week (June 8-12), with Bitcoin dropping below $60,000 to a cycle low before rebounding to $63,000 by Monday morning Asia time. The asset has lost 14% over the past seven days, while Ethereum

According to Jin10 data, OPEC+ raised its July output target by 188,000 barrels per day on June 8. Saudi Arabia, the bloc's largest producer, cut its primary crude prices for Asia for a second consecutive month. Survey data also showed OPEC crude production fell to its lowest level in at least 37

According to Allianz Chief Economist Elian, crude prices surged 5% earlier today (June 8) as OPEC+ production increases of 188,000 barrels per day proved insufficient to counter supply concerns. While the producer group has boosted output, analysts view most gains as "paper volumes" unlikely to

According to Guru Club, on June 8, Brent crude oil futures rose 4.82% and WTI crude oil futures rose 4.54%.

According to Iran's IRNA news agency, Iran has evacuated all personnel from the Mahshahr Petrochemical Complex. The facility, one of Iran's major chemical production centers, is located in the southwestern Khuzestan

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to Jin10, precious metals futures on the Shanghai Exchange fell sharply on June 8 after stronger-than-expected U.S. May nonfarm employment data fueled expectations for higher interest rates. Shanghai Silver dropped over 8%, Shanghai Tin fell over 5%, and Shanghai Gold declined over 3%. U.S