Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, Iran's Revolutionary Guards stated that if the United States continues its provocative actions, the U.S. will bear full responsibility for consequences resulting from a complete closure of the Strait of Hormuz and disruption to oil and gas

According to NBC, on June 5, U.S. President Trump stated he would rapidly end the conflict with Iran to help reduce living costs and bring down fertilizer prices. Trump said the U.S. has "substantially destroyed" Iran's military capabilities, adding that remaining missiles account for

According to Iranian sources, explosions were reported in the Sirik region along the Strait of Hormuz on June 6 at approximately 2:30 AM local time. The source of the blasts and further details remained unconfirmed as of the latest update, according to CCTV

According to Jin10, President Trump stated on June 5 during a campaign event in Wisconsin that he will swiftly end the conflict with Iran to reduce oil prices and lower living costs. Trump indicated that the ongoing military tension has driven up energy costs, creating economic headwinds for

The US Commerce Department faces a June 30 deadline to submit a copper market assessment report recommending whether to impose import tariffs on refined copper. Market expectations point to phased tariffs of 15% starting in 2027 and 30% in 2028, following an existing 50% tariff on semi-finished copp

According to Colombian local government, an explosion occurred at a coal mine in Sutatausa, Cundinamarca province, on June 4, killing 7 miners. Local media reports attributed the blast to accumulation of flammable gas underground. Rescue operations were deployed immediately after the

According to Jin10, crude oil futures fell at close on June 5. WTI light sweet crude oil for July delivery fell 2.50 dollars to 90.54 dollars per barrel, down 2.69%. London Brent crude oil for August delivery fell 1.94 dollars to 93.09 dollars per barrel, down 2.04%.

Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour and Gavekal CEO Louis-Vincent Gave said deglobalization is driving a commodity bull market. The two financial leaders presented their analysis at the Sohn Montreal Conference, arguing that the world is moving away from

According to Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour and Gavekal CEO Louis-Vincent Gave, speaking at the Sohn Montreal Conference, a shift away from globalization toward geopolitical

On Friday, June 5, emerging market ETFs led declines across major U.S. asset classes, falling 6.53%. Nasdaq-100 ETF declined 4.80%, Barclays U.S. convertible bond ETF dropped 4.04%, and gold ETF fell 3.65%. Russell 2000 and S&P 500 ETFs lost 3.55% and 2.58% respectively, while Brent crude oil fund d

According to the U.S. Commodity Futures Trading Commission (CFTC), speculative net short positions in U.S. Treasury futures increased during the week ending June 2. The 5-year Treasury futures net short position rose by 46,091 contracts to 1,369,218, while 10-year Treasury futures net short position

According to CFTC data from the week of June 2, speculative traders increased their net long positions in NYMEX WTI crude oil futures by 8,497 contracts, bringing the total to 124,259 contracts.

The U.S. government released guidance on tariffs for aluminum, steel, and copper today, triggering a sharp selloff across major stock indices. The S&P 500 fell 2.6%, the Dow Jones Industrial Average dropped 711 points (down 1.38%), the Nasdaq declined 4%, and the semiconductor index

According to Bloomberg and CBOT data, major agricultural futures declined significantly this week through Friday, June 5. CBOT corn futures fell 1.53% to $4.18 per bushel, down 6.44% for the week. CBOT soybeans dropped 0.63% to $11.2225 per bushel with a weekly decline of 5.44%. ICE Arabica coffee f

The Commodity Futures Trading Commission approved the first U.S.-regulated perpetual futures contract offered by Coinbase and Kalshi on May 29, prompting CME Group CEO Terry Duffy to warn on June 4 that the move creates systemic risk for investors. Duffy expressed concern that retail investors do

According to CME Group CEO Terry Duffy, on June 4, the CFTC-approved perpetual crypto futures contracts create systemic risk for investors and could extend to equities and commodities. Speaking at the Piper Sandler Global Exchange and Fintech conference, Duffy described the arrival of perpetual futu

WTI July crude oil futures closed down $2.50, or 2.69%, at $90.54 per barrel on June 5. NYMEX July natural gas futures settled at $3.2290 per million British thermal units, while July gasoline futures closed at $3.0459 per

Shanghai commodity futures declined overnight on June 5, with crude oil futures contract 2607 falling 1.86% to 584.10 yuan per barrel, while gold and silver futures fell 2.93% and 7.43% respectively during the evening

According to the Intercontinental Exchange (ICE), diesel speculators reduced net long positions by 1,808 contracts to 52,000 contracts during the week ending June 2.

According to the Intercontinental Exchange (ICE), speculators' net long positions in Brent crude oil futures fell by 26,220 contracts to 252,500 contracts during the week ending June 2, marking the lowest level in 18