Commodities (Crude Oil & Copper) & Macro Outlook

From 16:00 to 16:15 UTC on August 5, 2026, BTC rose 0.34% over the 15-minute period, trading within a range of 64,392.2–64,609.8 USDT. Although the gain was limited, BTC moved against the broader trend in a market dominated by risk-off sentiment, attracting significantly increased attention. The primary driver of this move was the continued escalation of the U.S.-Iran military conflict. U.S. Central Command confirmed that it had intercepted 45 merchant ships, disabled two, and boarded and inspec

According to Guru Club, on August 5, Circle's CEO stated that the market is transitioning from speculative cryptocurrencies toward an open global digital asset market supporting tokenized stocks, tokenized commodities, and other tokenized

According to Guru Club, China's major futures contracts showed mixed performance overnight on August 5, with methanol, propylene, ethylene glycol (EG), pure benzene, and styrene (EB) all falling over 3%. Polypropylene, PTA, and liquefied petroleum gas (LPG) declined

According to the UK Maritime Trade Operations, on August 6, a tanker reported hearing a massive explosion approximately 95 nautical miles southeast of Aden, Yemen. All crew members have been confirmed safe with no casualties reported.

According to Trump's latest statement, Iran nuclear deal negotiations could be finalized as soon as Wednesday or Thursday. However, Iran denies being in direct talks with the United States. Oil prices have fallen for two consecutive days, signaling market skepticism or repositioning on the

According to Xinhua News Agency, the Kersko nuclear power plant, jointly operated by Croatia and Slovenia, announced on August 5 that it will reduce reactor power starting August 6 due to sustained high temperatures raising river water

On August 5, 2026, the situation in the Strait of Hormuz reached a key turning point. According to the Associated Press, two Gulf officials said that Iranian and Omani negotiators had finalized a draft agreement concerning the Strait of Hormuz and were awaiting final approval from Iran’s supreme leader. Meanwhile, the U.S. Treasury removed some Iran-related sanctions from its website. A Treasury official told Fox News: “This does not represent any change in U.S. policy toward the Iranian governm

According to BlockBeats, on August 5, Iran's Foreign Ministry spokesperson confirmed that Iran and Oman have reached consensus on the geographic route of shipping lanes in the Hormuz Strait. A joint statement between the two countries is in final drafting stage, the spokesperson

According to the China Nonferrous Metals Industry Association Silicon Branch, China's domestic polysilicon market entered a holding pattern this week, with trading activity halted. No orders were executed this week, primarily because current prices have fallen below industry production costs.

According to Jin10, U.S. strategic petroleum reserves fell to their lowest level since February 1983 during the week ending July 31, according to the Energy Information Administration.

According to EIA data compiled by Jin10, U.S. crude oil exports increased 218,000 barrels per day to 3.685 million barrels per day in the week ended July 31. Domestic crude production rose 8,000 barrels per day to 13.804 million barrels per day, while commercial crude inventories excluding

According to the U.S. Energy Information Administration, the week ending July 31 saw distillate fuel oil implied demand reach 5.8251 million barrels per day, up from 5.3103 million barrels per day in the prior week.

According to the Energy Information Administration (EIA), U.S. heating oil inventories declined 144,000 barrels for the week ended July 31, compared with an increase of 308,000 barrels in the prior week.

According to the U.S. Energy Information Administration, refined oil production declined by 134,000 barrels per day for the week ending July 31, compared with an increase of 15,000 barrels per day in the prior week.

According to the Energy Information Administration (EIA), U.S. gasoline production fell by 309,000 barrels per day for the week ending July 31, compared to a rise of 178,000 barrels per day in the previous week.

According to the Energy Information Administration (EIA), U.S. reformulated gasoline inventories remained at 0 million barrels for the week ending July 31, unchanged from the previous week.

According to EIA data, U.S. refinery capacity utilization rate for the week ending July 31 stood at 96.5%, below the forecast of 96.9% and the prior week's 97.2%.

According to the U.S. Energy Information Administration (EIA), crude oil production fell 183,000 barrels per day in the week ended July 31, compared to 271,000 barrels per day in the prior week.

According to EIA, U.S. crude oil imports for the week ending July 31 reached 297,000 barrels per day, compared to negative 237,000 barrels per day the prior week.