Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration, U.S. gasoline exports fell to 0.803 million barrels per day in March from 0.865 million barrels per day in February, representing a 7.2% month-over-month

According to the U.S. Energy Information Administration (EIA), U.S. refined petroleum product exports rose to 3.409 million barrels per day in March, up from 2.986 million bpd in February.

According to the U.S. Energy Information Administration, crude oil exports declined to 4.043 million barrels per day in March, down from 4.345 million barrels per day in February.

According to the U.S. Energy Information Administration, Texas oil production declined to 5.78 million barrels per day in March 2026, marking the lowest level since January 2026.

According to the U.S. Energy Information Administration, American distillate fuel exports rose to 1.341 million barrels per day in March, up from 1.141 million barrels per day in February.

WTI crude oil fell to $89.05 per barrel today, declining 2.21%, while Brent crude dropped 2.5%.

According to the U.S. Department of Treasury and the Office of Foreign Assets Control (OFAC) on May 30, Americans are prohibited from reaching any "safe passage" agreements with Iran's government or Islamic Revolutionary Guard Corps, even without payment. Iran's newly established Persian Gulf

According to Bloomberg shipping data cited by Jin10, 29 of 109 large tankers trapped in the Persian Gulf have successfully transited through the Strait of Hormuz as of May 29. The vessels, each with carrying capacity of at least 700,000 barrels, were stranded after the conflict erupted on

According to Reuters, Russia's diesel production in May dropped around 10% compared to April due to Ukrainian drone strikes, based on the news agency's calculations.

According to the U.S. Commodity Futures Trading Commission (CFTC), the agency's staff released guidance on 24/7 trading, clearing and settlement models, establishing compliance requirements for exchanges, swap execution facilities, derivatives clearing organizations and futures commission

According to the U.S. Treasury Department's statement dated May 29, American individuals and entities are prohibited from accepting any services provided by the Iranian government, including those related to safe passage through the Strait of Hormuz, regardless of whether fees are paid. Since the o

According to Jin10, on May 29, Federal Reserve Governor Bowman said it is premature to judge the impact of the Iran war on inflation, suggesting policymakers should take a "temporary ignore" approach to price shocks caused primarily by energy prices. Bowman supports maintaining language in the Fed's

According to Fed Governor Bowman, persistent energy shocks will put pressure on inflation later this year. The remarks reflect ongoing concerns about external factors affecting price stability.

According to Kazakhstan's Energy Ministry, oil production at the Tengiz oil field declined temporarily on May 28 due to an operational failure.

According to India's government statement on Saturday, India has waived the 11% import tariff on cotton effective June 1 through October 30 to boost raw material supply for its textile sector. The temporary exemption is expected to lower input costs across the apparel and textile industry,

According to a Reuters survey, Brent crude oil is forecast to average $90.44 per barrel in 2026, up from the $86.38 predicted in April.

According to a Reuters survey, the average U.S. crude oil price is projected at $84.63 per barrel for 2026, up from the April forecast of $80.07 per barrel.

According to Ukrainian President Zelenskyy, Ukrainian forces struck a Russian oil facility in Armavir today, located approximately 500 kilometers from the Ukrainian border.

According to Iran's state television, 20 vessels transited the Strait of Hormuz over the past 24 hours.

According to Shanghai Energy Exchange (SGE), effective June 2, 2026, the exchange is adjusting daily price limits and trading margin requirements for crude oil and low-sulfur fuel oil futures contracts. Daily limit will be set at 17% for both contracts. Hedge position margin requirement is 18%,