Commodities (Crude Oil & Copper) & Macro Outlook

On Friday May 29, ICE UK natural gas futures declined significantly in European afternoon trading, dropping 3.27% intraday to 109.72 pence/MWh, with a cumulative monthly loss of 1.72%. The month saw a low of 97.88 pence on May 6 and a high of 128.30 pence on May 18. TTF Dutch natural gas futures

According to the U.S. Energy Information Administration, U.S. refined oil supply fell to 3.9 million barrels per day in March, marking the lowest level since December 2025.

According to the U.S. Energy Information Administration, New Mexico's oil production remained stable at 2.31 million barrels per day in March.

According to the U.S. Energy Information Administration, U.S. gasoline exports declined to 804,000 barrels per day in March, down from 865,000 barrels per day in February.

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

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

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

XTB is rebranding its institutional liquidity arm X Open Hub as XTB Institutional, bringing the division more directly under the Warsaw-listed parent company's brand. X Open Hub has operated as XTB's institutional arm since 2012, providing liquidity and execution services to brokers, banks, and

According to the U.S. Energy Information Administration (EIA), American oil supply fell to 20.38 million barrels per day in March, marking the lowest level since November 2025.

TotalEnergies CEO stated that after January 1, 2027, it remains unclear whether the company can legally commercialize natural gas from the Russian Yamal LNG project, citing multiple possible interpretations of European Union

According to Guru Club, Brazilian state-controlled oil company Petrobras is considering doubling the production capacity of its three fertilizer plants, as reported on May 29.

According to Gloriun Club, U.S. President Trump stated today that ships currently stranded in the Strait of Hormuz may begin resuming their passage.

The Commodity Futures Trading Commission permitted perpetual futures contracts in the United States, approving KalshiEX, LLC and Coinbase Financial Markets, Inc. to offer these products. The CFTC's Division of Clearing and Risk, Division of Market Oversight and Market Participation Division issued a

According to the Associated Press on May 29, tomato prices in the U.S. have risen approximately 40% compared to one year ago, outpacing increases in coffee, roast beef, and frozen seafood. Data released on May 28 showed U.S. April inflation reached 3.8% year-over-year, marking a three-year high, ac

According to Bloomberg shipping data compiled on May 29, 29 of the 109 large tankers (capacity of 700,000 barrels or more) stranded in the Persian Gulf since the Iran conflict erupted on February 28 have successfully navigated through the Strait of Hormuz. The escape rate represents

According to Chile's National Statistics Institute (INE), the world's largest copper producer saw copper output decline 13.8% year-over-year in April to 399,954 tons from 464,056 tons a year earlier. The drop was driven by high year-ago base comparisons and lower ore grades at major mining

According to Reuters, Russia's diesel production declined by approximately 10% in May compared to April due to Ukrainian drone attacks on Russian oil infrastructure.

According to Bank of America, on May 29, the bank's Bull-Bear Indicator fell to 9.4, confirming late-stage bubble characteristics in the current market despite extreme bullish sentiment. The bank noted that capital is flowing away from AI-focused assets, including mega-cap tech stocks and Bitcoin, t

According to Kazakhstan's Energy Ministry, oil production at the Tengiz field halted on May 28 due to an operational failure. The production disruption was temporary.