Commodities (Crude Oil & Copper) & Macro Outlook

WTI crude oil fell 1.00% intraday to $93.54 per barrel, while Brent crude declined 0.86% to $93.55 per barrel on June 5.

WTI crude oil declined 1.0% during intraday trading today, falling to $92.09 per barrel.

According to Jin10 Futures, on June 5, China's Shanghai Futures Exchange reported warehouse pulp inventory at 228,812 tons, down 3,929 tons from the prior trading day. Medium sour crude oil futures inventory fell to 2,961,000 barrels, declining 550,000 barrels day-over-day. Inventories for

According to official data cited by Jin10 on June 5, Turkey's May inflation rate rose to 32.6% from 32.4% in April, marking the second consecutive month of acceleration. The increase stems from ongoing energy shocks triggered by the U.S.-Iran conflict, which has pressured domestic prices as Turkey r

According to Xinhua, on June 4, the U.S. government announced it will provide up to $500 million to support domestic coal-fired power plants in expanding capacity and upgrading infrastructure, as well as constructing new coal export facilities. The Department of Energy said it will allocate the

According to Oman Oil Development Company, Fahhl Port in Muscat is operating normally, as confirmed in an official statement released on the morning of June 5.

France's Transport Minister declared this summer that the country will not experience fuel shortages.

According to CME data released on June 5, natural gas futures on June 4 saw trading volume increase by 132,736 contracts to 514,638 and open interest rise by 14,489 to 1,680,233—the only commodity to post simultaneous gains. WTI crude and Brent crude futures experienced declining trading activity

According to Jin10 Futures, Malaysian palm oil inventory is expected to rise to 2.36 million tons in May, up 2.2% from April, while crude palm oil production is forecast to decline 4.5% to 1.56 million tons—the lowest May level since 2023—and exports to fall 4.8% to 1.24 million tons for the

CME Group Chief Executive Terry Duffy warned on June 4 that cryptocurrency perpetual futures approved by US regulators are a disaster waiting to happen. Speaking at Piper Sandler's Global Exchange & Fintech conference, Duffy criticized the highly leveraged instruments for posing major risks to

CME Group CEO Terry Duffy said on June 4 that sustainable crypto futures are “a time bomb,” warning that CFTC approval of such products could undermine stability in U.S. financial markets. On May 29, the CFTC approved the launch of the first batch of U.S.-regulated crypto perpetual futures contracts by Coinbase and Kalshi. CFTC Approval Mechanism and Duffy’s Criticism In public comments, Duffy said the CFTC simplified an otherwise thorough review process when approving perpetual futures, arguing

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

Broadcom, a US semiconductor company, released its financial results, which fell short of Wall Street expectations, causing the stock price to drop by more than 12%. This triggered a rotation of funds into and out of AI-related stocks, and selling pressure spread rapidly to global markets. On June 5, Taiwan’s weighted index hit a morning low of 44,685 points, falling by nearly a thousand points and breaking below the 45,000-point level; Bitcoin briefly dropped below $63,000 before rebounding sli

Shanghai Containerized Freight Index European Route main contract declined 2.00% during today's trading session, closing at 3,609 points.

According to Jin10, on Friday (June 5), an explosion occurred near Oman's Mina Al Fahal oil terminal, reportedly triggered by an unmanned drone strike. Specific details regarding the cause and extent of the incident remain limited. The terminal is located in the Gulf of Oman, beyond the Strait of

According to Shanghai Steel Union, battery-grade lithium carbonate (MMLC) fell to 163,350 CNY/ton in morning trading today, declining 1,600 CNY/ton from yesterday's 16:30 closing price.

According to Reuters, an explosion occurred at Fahel Port near Muscat, Oman today (June 5), halting oil loading operations. The blast was reportedly caused by a drone strike.

U.S. stock futures declined in the overnight session on Thursday, with Dow futures down 0.09%, S&P 500 futures down 0.62%, and Nasdaq 100 futures down 1.28% as of 9.23 p.m ET, driven by sharp declines in AI-linked semiconductor companies following a post-earnings slump in Broadcom Inc. (AVGO). The p

Norway's Statkraft union reached a wage agreement for oil workers on June 5, 2026, averting a potential strike. According to the union's announcement, the labor deal has been finalized, eliminating the need for work stoppages in the country's energy

According to Vortex, a UK-based maritime analysis company, Iran's key crude oil export hub Kharg Island has resumed loading operations. Satellite imagery captured on June 2 showed an ultra-large crude carrier moored near the western sea terminal for the first time since the facility halted operation