Commodities (Crude Oil & Copper) & Macro Outlook

According to China International Capital Corp (CITIC), on June 3, Peru's super fish meal FOB export price surged to an all-time high of $2,900 per ton, up 77% from $1,638 per ton in May 2025 - exceeding the average 60% price increase typically seen during El Niño years. Global fish meal exports

According to market reports, U.S. alternative asset manager Sixth Street is set to reach an agreement to invest over $1 billion in Kpler, a platform providing market intelligence for commodities trading.

President Trump stated that gasoline prices will decline in the near term. The U.S. president did not provide a specific timeline or mechanism for the anticipated price decrease.

According to Guru Club, WTI crude oil futures broke through $97 per barrel on June 3, rising 3.46% intraday.

According to Trump, US and Brent crude fell 1 dollar on June 3 amid reports of a potential US-Iran nuclear agreement. Trump stated that Iran has agreed not to acquire nuclear weapons.

According to OMV's chief executive, Middle East refineries need to enhance commercial flexibility, develop pipeline infrastructure, and increase storage capacity over the next 2-3 years. The remarks reflect the energy sector's focus on operational resilience and infrastructure expansion in the

According to RIA Novosti, Russia has demanded the release of a Russian captain from the Tagor oil tanker.

According to Kuwait Petroleum Company's International Markets Director, the company's oil production may recover to 70% of normal levels within 6 to 8 weeks as of June 3. The remaining 30% recovery is expected to take an additional month, bringing total restoration to normal production capacity wit

According to reports, Brent crude oil hit $98 per barrel today, up nearly 3% intraday.

According to Russia's Finance Ministry, government budget revenues from oil and gas sales in May totaled 678.9 billion rubles, declining from 855.6 billion rubles in April.

According to the European Commission, the EU may lose over 1 million jobs this year (2026) due to economic impacts from the Iran conflict and intensified global competition. Approximately 560,000 positions are at risk from energy cost pressures, while 600,000 automotive industry jobs face strain.

Bank of Japan Governor Ueda Haruhiko stated that many firms point to labor shortages and surging commodity prices, rather than higher financing rates, as the primary constraints on growth-oriented investments. Despite recent rate hikes, Japan's financial and economic activities have not been

According to Offshore Norway, if oil and natural gas workers strike starting June 5, production will decline by approximately 45,500 barrels of oil equivalent per day.

According to Shanghai Futures Exchange (SHFE) data released on June 3, warehouse receipt positions across key commodity futures showed mixed movements. Alumina (氧化铝) warehouse receipts dropped significantly by 16,810 tons to 409,125 tons, marking the largest single-day decline. Copper futures receip

Bank of Japan Governor Ueda Haruo stated that Japan's economic environment has undergone significant changes compared to four years ago, with deflationary mindset eliminated and enterprises adopting more active wage and pricing behaviors. The central bank also noted that rising crude oil prices

WTI crude oil rose 2.5% intraday on June 3, breaking above $96 per barrel and trading at $96.11.

Hyperliquid is emerging as a weekend and after-hours venue for perpetual futures trading, drawing attention from Wall Street traders as digital asset market structure moves toward continuous trading. The decentralized exchange allows users to trade perpetual contracts around the clock, covering

Iran's Foreign Ministry condemned U.S. strikes on an Iranian oil tanker and a telecommunications tower on Qeshm Island, stating the attacks violated the April 8 ceasefire agreement and violated international law principles prohibiting the use of force as outlined in the UN

According to the U.S. nonprofit organization UANI, approximately 80 million barrels of Iranian oil and petrochemical products were stranded behind U.S. naval blockade lines in May. However, Iran did manage to export four shipments of naphtha totaling 2 million barrels and a small amount of

According to President Zelenskyy, Ukrainian forces struck multiple key infrastructure targets in Russia early on June 3, including an oil terminal in St. Petersburg, the Kronshtadt military base, and a weapons manufacturing facility in Tambov region, according to a statement posted on social