Commodities (Crude Oil & Copper) & Macro Outlook

According to Azuria Capital CEO Tavi Costa in a recent interview with Kitco News, the global infrastructure buildout to support artificial intelligence is creating an immediate inflation shock, contrary to market consensus that AI will usher in a deflationary era. The physical demand for data

According to Jin10, Malaysian crude palm oil futures were expected to open lower on Friday (June 5) morning, tracking a 3% decline in Brent crude overnight. The selloff followed geopolitical developments after Israel and Lebanon announced a ceasefire agreement, prompting investors to bet on

According to Jin10 Futures, CBOT corn futures fell 1.8% on Thursday, with benchmark contracts hitting their lowest level since late January. July contracts dropped to a five-month low, while December contracts fell to a 4.5-month low. The decline was driven by favorable weather conditions in the

According to Jin10 Futures, U.S. equities posted mixed results overnight on June 4, with the Dow Jones rising 1.73% to 51,561.93 points—a new record high—and the S&P 500 gaining 0.41% to 7,584.31 points. However, the Nasdaq declined 0.09% to 26,830.96 points, pressured by a 12.59% plunge in

According to Nikkei Asia, Pakistan's government plans to establish strategic oil reserves to meet 45 days of demand initially, with plans to expand to 90 days in the future. A Pakistan energy ministry official revealed the country will adopt a multi-mode reserve system comprising state-backed

According to CME CEO Terry Duffy on June 5, he expressed "very significant" concerns about the rise of perpetual futures, which recently received key approval from U.S. regulators. Duffy stated that perpetual futures contracts have little practical use for institutional investors while exposing

According to Vortexa data, Iran's crude oil and condensate exports fell to 209,000 barrels per day in May, marking a six-year low since late 2019 to early 2020. This represents a sharp decline from 1.34 million barrels per day in April and 1.9 million barrels per day in March. Kpler data similarly s

According to Jin10, on June 4, crude oil futures prices fell significantly. WTI crude oil for July delivery dropped $2.98 to $93.04 per barrel, falling 3.10%, while Brent crude oil for August delivery fell $2.78 to $95.03 per barrel,

U.S. President Trump stated on June 4 that details of an Iran agreement would eventually be revealed. The main component of the deal, he said, involves the immediate opening of the strait.

On June 4, U.S. real estate ETF surged 1.79%, Dow-tracking ETF gained 1.66%, and Russell 2000 small-cap ETF rose 1.51%, leading major equity asset classes. Gold ETF climbed 0.83%, while S&P 500 ETF and Treasury bond ETF posted modest gains of up to 0.38%. Decliners included crude oil ETF

According to Russian Deputy Prime Minister Alexander Novak, the international oil market could face substantial supply shortages in coming months if the Middle East conflict persists, he said on June 4 during the 29th St. Petersburg International Economic Forum. Novak stated that without

According to TradingKey, on June 4, Bitcoin dropped 5.5% to $61,322 in early Singapore trading, its weakest level since February 6, before recovering to around $64,200 by afternoon. The decline wiped out all geopolitical gains that had pushed BTC toward $74,000 following the February US-Israel

According to AXIOS, the Boston Federal Reserve stated on June 5 that the Iran conflict will have limited impact on U.S. employment but significant inflationary pressure. Researchers estimate the U.S.-Iran tensions have driven oil prices up 33%, a historically significant magnitude. The Fed

According to World Food Programme Deputy Executive Director Carl Skau at a UN headquarters press conference on June 4, the Middle East crisis is driving up energy and food prices, creating spillover effects on global food security. If oil prices remain above $100 per barrel through July,

According to CBOT data, on Thursday (June 4), soybean futures fell 2.19% to $11.2875 per bushel, with prices touching a low of $11.2050, approaching February 5's bottom of $11.12. Soybean oil futures declined 2.92% during the session. The Bloomberg Grains Index fell 1.54% to 29.6347 points,

According to Treasury Secretary Scott Bessent, oil prices have already fallen and the Strait of Hormuz is expected to reopen earlier than initially suggested, signaling potential relief for American consumers ahead of Labor Day on September 7. During a House Ways and Means Committee hearing, Bessent

On June 4, Shanghai Gold futures contracts closed up 0.43%, while Shanghai Silver futures gained 0.73% at the end of the trading session at 2:30. SC crude oil futures fell 2.17% over the same period.

WTI July crude oil futures closed down $2.98, or 3.10%, at $93.04 per barrel in latest trading. NYMEX July natural gas futures settled at $3.3360 per million BTU, while July gasoline futures closed at $3.0383 per

Shanghai Futures Exchange crude oil 2607 contract closed down 2.17% overnight on June 4, trading at 595.10 yuan per barrel. Shanghai gold futures rose 0.43% and Shanghai silver futures climbed 0.73% in the same

According to Economy Minister Luis Caputo, Argentina approved two projects under its RIGI investment scheme, worth approximately $1.51 billion. The San Matias natural gas pipeline project involves $1.3 billion in investment and will transport 27 million cubic meters of natural gas daily from