Commodities (Crude Oil & Copper) & Macro Outlook

Between 20:15 and 20:30 (UTC) on June 2, 2026, BTC saw a sharp drop of 0.64% within 15 minutes, falling from 67,393.4 USDT to 66,911.3 USDT, with a swing of 0.72%. Market sentiment deteriorated rapidly; volatility expanded noticeably compared with earlier, and the bears took control in a short period. The main drivers behind this sudden move are ongoing institutional fund outflows and a shift in stance among representative institutions. Strategy (MSTR) sold 32 BTC for the first time on June 1, a

On Tuesday (June 2), Barclays U.S. Convertible Bond ETF gained 1.20%, with emerging market ETF rising 1.03%, leading broad U.S. equity-linked funds. Russell 2000 Index ETF, U.S. Brent crude fund, and Dow ETF each gained at least 0.51%, while Nasdaq 100 ETF, U.S. real estate ETF, and 20+ year

The American Petroleum Institute (API) will release its weekly crude oil inventory report at 04:30 Beijing time on June 2. Non-API members can access the data details as early as around 04:32.

According to Bloomberg data, grain futures declined on Tuesday's New York close (June 2), with the Bloomberg Commodity Grain Index falling 1.15% to 30.6268. CBOT wheat futures dropped 1.00%, while CBOT soybeans fell 1.35% to $11.6450 per bushel. CBOT corn futures declined 0.90%. In contrast, New Yor

According to Jin10, Venezuela's new petroleum law draft released in early June requires oil and gas companies to provide their own power supply to ensure operations, bypassing the country's deteriorating power grid and frequent blackouts. Under the draft regulations, enterprises in oil and gas

Goldman Sachs CEO David Solomon expects consumer behavior to shift in the second half of 2026 if high oil prices drive a resurgence in inflation. "You will see more change in consumer behavior," Solomon said at an event hosted by the Economic Club of New

Shanghai gold futures rose 0.17% and Shanghai silver futures gained 0.24% at the 2:30 close on June 2, while SC crude oil futures declined 0.41%.

From 18:15 to 18:30 (UTC) on June 2, 2026, BTC saw a return rate of -0.43% within 15 minutes. The price fell back into the 67,291.3–67,619.7 USDT range, with a range of 0.49%, showing short-term downside pressure in the market. The main driver behind this move is the continued net outflow of institutional funds. Based on SoSoValue data, Bitcoin spot ETFs recorded a net outflow of $2.30 billion in May 2026, the largest monthly outflow in 2026. Since May 15, they have seen six straight trading day

WTI July crude oil futures closed 1.60 dollars higher at 93.76 dollars per barrel, up 1.74% today. NYMEX July natural gas futures settled at 3.1670 dollars per million British thermal units, while July gasoline futures closed at 3.1443 dollars per gallon and July heating oil futures at 3.6987 dollar

Shanghai Futures Exchange crude oil futures contract 2607 closed down 0.41% at 603.60 yuan per barrel during the night session on June 2. Gold futures rose 0.17%, while silver futures gained 0.24%.

According to U.S. Department of Transportation data, average gasoline prices in May 2026 rose 42.2% year-over-year compared to May 2025.

According to the Financial Times, BP recently held deep negotiations with Ithaca Energy to sell its UK North Sea assets for approximately £2 billion, but the talks have collapsed in recent weeks. BP continues to explore transaction options and may seek deals with other

According to a statement, Iraq plans to increase its crude oil exports via pipeline from 220,000 barrels per day to 770,000 barrels per day within 2.5 months in two stages.

According to the U.S. Trade Representative Office, the U.S. proposes 25% tariffs on Brazilian goods on June 1 following findings of unfair trade practices. The announcement exempts numerous products, including coffee, beef, certain fruits, and aircraft parts. The USTR cited Section 301 of the Trade

According to Gate data, WTI crude oil broke through $95 per barrel, rising 0.59% intraday on June 2.

From 16:00 to 16:15 (UTC) on June 2, 2026, BTC rebounded rapidly within 15 minutes, with a return rate of +0.92%. The price range was 67,229.2 to 67,973.0 USDT, with a volatility of 1.11%. This rebound occurred after Bitcoin briefly bottomed at $70,466 following a break below the key support level of $71,000, and the market showed clear demand for a technical correction, with volatility significantly increasing. The main driver of this move was the substantial easing of geopolitical risk. In the

According to Goldman Sachs global commodities research co-head Daan Struyven, U.S. commercial diesel inventories have fallen to the lowest level since 2003 over the past eight weeks, marking the largest drawdown in U.S. oil inventory history. If the decline continues at the current pace amid near-co

WTI crude oil rose 0.5% to $92.63 per barrel during intraday trading on June 2.

Brent crude oil hit $95 per barrel today, rising 0.04% during intraday trading.

According to Guru Club, coke coal futures (JM2609) extended intraday gains to 1.39%, trading at 1,387.5 yuan/ton as of June 2. Open interest increased by 32,100 contracts with elevated volume activity. Coke futures (J2609) continued advancing, expanding gains to 1.51% at 2,015.5 yuan/ton. Open inte