Commodities (Crude Oil & Copper) & Macro Outlook

According to shipping reports and Kpler data, Venezuela's crude oil shipments in July fell to 856,000 barrels per day, down 25% from June and marking a five-month low. The decline was driven by middle-eastern crude reentering the market following the

According to Brazil's National Petroleum, Gas and Biofuel Management Agency (ANP), the country's crude oil production reached 4.5 million barrels per day in June, a record high representing 19% growth year-over-year and 4% growth from May. Total oil and gas production reached 5.8 million barrels of

U.S. President Trump on Monday (August 3) criticized Exxon Mobil and Chevron for making excessive profits as Iran war pushed crude oil prices higher, demanding the companies pass a portion of their gains to consumers through retail price cuts. Chevron's second-quarter net profit surged

On Monday (August 3), most U.S. equity ETFs posted gains. The Nasdaq-100 ETF rose 1.76%, Russell 2000 Index ETF gained 1.72%, Barclays Convertible Securities ETF and long yen ETF each climbed at least 1.46%, S&P 500 ETF and Dow Jones ETF gained at least 1.02%. Emerging market and 20+ year U.S.

Diamondback Energy reported adjusted earnings per share (EPS) of $6.48 in the second quarter, exceeding analyst expectations of $6.07.

According to Brian Armstrong, Coinbase has launched perpetual futures trading for gold, silver, and crude oil, available 24/7. The contracts are now directly accessible on the platform.

Coinbase has introduced WTI and Brent crude oil perpetual futures for qualified non-U.S. traders, according to an announcement on X. The contracts offer 24/7 trading with USDC settlement and no expiration date, bringing the world's largest oil benchmarks to the

On August 3, New York cocoa futures surged 9.38% to $5,903 per ton, gaining momentum throughout the session. London cocoa futures also climbed 9.05% in tandem, reflecting broad strength in the soft commodities

On Monday (August 3) at the New York close, CBOT corn futures rose 1.94% to $4.73/bushel, while wheat futures gained 1.92% to $6.5150/bushel. The Bloomberg Grains Index climbed 1.30% to 31.4812 points. CBOT soybean futures increased 0.40% to $11.9225/bushel, soybean meal rose 0.09%, and soybean

According to ETH Zurich data based on German federal records, the Rhine River's water level at Kaub dropped to 24 centimeters on Monday (August 3), the lowest point since records began in 1880. The critical shipping channel for barge traffic to southern Germany and Switzerland has begun to disrupt t

According to Iranian media, Iran's military adviser to the Supreme Leader Mohsen Rezaei stated on August 3 that the country will not allow any shipping routes through the Strait of Hormuz other than Iranian

WTI September crude oil futures declined 4.33 dollars to 80.34 dollars per barrel, down 5.11 percent as of August 3. NYMEX September natural gas futures settled at 2.7810 dollars per million British thermal units, while September gasoline futures closed at 2.9667 dollars per gallon and September

According to Jin10 Futures, as of 2:30 a.m. on August 4, Shanghai gold futures fell 0.11%, Shanghai silver futures rose 0.34%, and SC crude oil futures declined 1.67% at the night session close.

According to Jin10, Shanghai gold futures fell 0.11% to close at 882 yuan per gram, while Shanghai silver futures rose 0.34% to 14,153 yuan per kilogram on August 4 at 2:30 a.m. SC crude oil futures declined 1.67% to 540 yuan per

According to President Trump, negotiations to reopen the Strait of Hormuz are underway, with the first phase focused on reopening the waterway. Trump stated today that the strait could reopen as soon as