Commodities (Crude Oil & Copper) & Macro Outlook

According to Tasnim News Agency, in the past 24 hours, 28 vessels including tankers, container ships, and other commercial vessels passed through the Strait of Hormuz under Iranian Navy coordination and security escort, following proper

According to Jin10, on May 31, the European Union is considering temporarily freezing its dynamic price cap mechanism on Russian oil amid escalating Middle East conflict. The current price cap stands at $44.10 per barrel, set to be reviewed in July. The EU's dynamic system typically adjusts the cap

According to a Ukrainian drone commander, Ukrainian forces recently struck an oil refinery in Taganrog, Russia.

According to Jin10, starting June 5, 2026, China's domestic airline fuel surcharges will be reduced. For flights over 800 kilometers, adult passengers will pay 150 yuan per ticket, down 20 yuan from the previous rate. For flights of 800 kilometers or less, the surcharge drops to 80 yuan per ticket,

According to Jin10, the U.S. stock market closed at historically high levels in May, extending gains since March lows. Investor confidence is strengthening on expectations of the Strait of Hormuz reopening. This week's market moves reflect potential reactions to a potential deal: as hopes grow

According to AAA, U.S. gasoline averaged $4.35 per gallon on May 30, down 4 cents from the previous day and 17 cents from a week earlier, but still 46% higher than levels before the Iran conflict began.

Brazil's government extended measures to cap fuel price increases through July 31, maintaining a subsidy of 1.12 reais per liter for domestic refineries and diesel importers. The government consolidated two previous subsidies into a single mechanism for more efficient price stability management.

According to Alberta Wildfire, wildfires in Canada's oil sands region are advancing within 20 kilometers of a major oil-producing zone that outputs approximately 500,000 barrels per day. Six uncontrolled fires are spreading in the Lac la Biche area, home to some of Canada's largest in-situ oil sands

According to Iran's Mehr News Agency, the Iranian Armed Forces' Hatam al-Anbia Central Headquarters announced yesterday that Iran will implement full management of shipping through the Strait of Hormuz. All commercial vessels, oil tankers,

According to the Commodity Futures Trading Commission (CFTC), speculators increased their net short positions in U.S. Treasury futures by 20,577 contracts during the week ended May 26, bringing total net shorts to 199,251 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), WTI crude oil speculators reduced their net long positions by 19,186 contracts during the week ended May 26, bringing the total to 91,163 contracts.

Inflation around the globe is becoming a dominant factor in financial conduct, and energy markets are significant contributors to this phenomenon. The changes in oil prices have an impact on the cost of production, and in most cases, they can cause inflation in most economies. Therefore, the

India's government announced that effective June 1, the tariff on diesel exports will be set at 13.5 rupees per liter.

According to the Indian government, India will impose an export tariff of 1.5 rupees per liter on gasoline starting June 1, 2026.

According to Jin10 Data, on May 30 at 2:30 closing, Shanghai Gold (Au) futures closed up 1.61% at 996 yuan/gram. Shanghai Silver (Ag) futures rose 0.64% to 18,323 yuan/kilogram. SC Crude Oil futures fell 1.61% to 580

According to the Intercontinental Exchange, week ending May 26, Brent crude oil speculators reduced net long positions by 56,568 contracts, bringing the total to 278,720 contracts.

The policies of global oil markets affect the stability of the worldwide economy and determine its inflation patterns. Oil choices have spillover effects across all large industries because production and transport incur costs that are influenced by energy prices. Financial markets are changing

U.S. natural gas rig count held steady at 125 in the week ending May 29, unchanged from the prior week.

The U.S. total rig count rose to 562 for the week ending May 29, up from 558 in the prior week.

The U.S. oil rig count for the week ending May 29 will be released within the next ten minutes.