Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club on June 7, as tanker transit agreements through the Strait of Hormuz remain unresolved, global crude inventories have fallen to critical lows, prompting analysts to warn of potential oil price shocks in coming

According to Jin10, crude oil futures fell yesterday (June 5). Nymex WTI July contracts declined 2.50 USD to 90.54 USD per barrel, down 2.69 percent. Brent August contracts fell 1.94 USD to 93.09 USD per barrel, down 2.04 percent.

According to Iran's Tasnim News Agency, on the evening of June 6, explosions heard near Harko Island were from controlled demolition operations at the Bahregang oil field to dispose of unexploded ordnance left by recent attacks. Iranian officials stated the public has no cause for concern. The

According to the U.S. Commodity Futures Trading Commission, WTI crude oil futures speculative net long positions increased by 12,530 contracts to 103,693 for the week ending June 2.

As of 2:30 AM close on the night session, Shanghai gold futures fell 2.93% to 949 yuan per gram, Shanghai silver futures declined 7.43% to 16,454 yuan per kilogram, and SC crude oil futures dropped 1.86% to 584 yuan per

According to Jin10 Data, U.S. crude oil inventories fell for eight consecutive weeks as of June 7, reaching their lowest level since February 2024. Analysts and JPMorgan warn that oil prices may surge again in late June unless passage through the Strait of Hormuz normalizes. JPMorgan predicts crude

According to U.S. President Trump, large quantities of oil are flowing into the United States.

According to the Intercontinental Exchange (ICE), in the week ended June 2, diesel speculators reduced their net long positions by 1,808 contracts, bringing the total to 52,000 contracts.

According to the Intercontinental Exchange (ICE), speculators reduced their net long positions in Brent crude oil by 26,220 contracts in the week ended June 2, bringing the total to 252,500 contracts.

According to CNN, Iran's top leader adviser on June 6 reaffirmed that Iran and Oman hold sovereignty over the Strait of Hormuz, a critical waterway that previously transported one-fifth of global oil and liquefied natural gas. The adviser stated the two countries will jointly manage the strait and c

As of the week ending June 5, the total U.S. rig count reached 563, up one from 562 in the prior week.

The total number of active oil drilling rigs in the United States reached 431 in the week ending June 5, increasing from 429 rigs in the prior week.

U.S. natural gas drilling rigs declined to 124 for the week ending June 5, down from 125 in the prior week.

WTI crude oil declined 3.00% intraday on June 6, trading at $91.62 per barrel.

According to IATA's Middle East vice president, Kuwait's main terminal was damaged in recent Iranian attacks and will remain closed for at least one year. Currently, all non-Kuwaiti airlines have halted operations, leaving only domestic carriers active at the

According to Jin10 Futures night market summary, the U.S. added 172,000 non-farm jobs in May, significantly exceeding market expectations of 85,000. The unemployment rate held steady at 4.3% for the second consecutive month as expected. Following the jobs data release, market pricing shifted

According to Mysteel, on June 6, China's coke market continued strengthening with coke prices advancing their sixth consecutive increase in recent weeks. Coke producers attributed the rally to sustained cost pressures from rising coking coal prices and structural shortages of premium coal grades,

Air New Zealand's CEO stated plans to procure aviation fuel from Singapore at approximately $150 per barrel during the 2027 fiscal year.

According to Financial Times, global oil tanker shipping profit reached a record $36 billion in the first quarter due to February's conflict and Iran's blockade of the Strait of Hormuz. However, as the U.S. and Iran negotiate to reopen the critical shipping lane, tanker owners face the risk of

According to Kpler shipping data, Iran's crude oil and condensate exports fell to less than 300,000 barrels per day in May, marking the lowest level since late 2019 to early 2020. The blockade has reduced exports from roughly 2 million barrels per day before the U.S. naval operations, resulting in a