Commodities (Crude Oil & Copper) & Macro Outlook

According to Bloomberg commodity data, CBOT wheat futures fell 2.16% on Wednesday (May 27) in New York trading, while corn futures declined 1.20%. Soybean futures edged down 0.04%, though soybean meal futures rose 0.76% and soybean oil gained 1.08%. The Bloomberg Commodity Grain Index fell 0.90% to

According to Jin10, United Airlines CEO Scott Kirby said on May 28 that the airline expects to achieve double-digit pretax profit margins next year, citing falling oil prices and resilient demand. Kirby stated at the Bernstein Investors Conference that lower oil prices have reduced the threshold

According to Bloomberg citing unnamed sources, multiple commodities traders and analysts have departed Squarepoint Capital in recent months. The departing staff include Benjamin Basset, a portfolio manager focused on European natural gas and commodities; Fabien Cagnol, commodities business risk mana

According to ship-tracking service Kpler, crude oil from the U.S. Strategic Petroleum Reserve was shipped to California for the first time in May 2026. The unusual routing reflects ongoing restructuring of global trade flows and shipping routes following supply disruptions from Middle Eastern

According to Jin10, U.S. President Trump stated on Wednesday that the Strait of Hormuz will remain open to all and will not be controlled by any nation, regardless of any agreement reached with Iran. Trump said the U.S. will oversee the waterway but no country will exercise direct control over it, a

Multiple base metals closed lower during the night session on May 27. International copper fell 0.98%, while Shanghai copper declined 0.90%, aluminum dropped 1.24%, zinc fell 0.48%, lead declined 0.81%, nickel decreased 0.48%, and tin fell 0.64%. Alumina rose 0.17%, and stainless steel closed

According to Jin10 citing Bloomberg ship-tracking data, commercial traffic through the Strait of Hormuz slumped on May 27, with only two vessels entering the Persian Gulf and a fuel tanker appearing to stall while transiting. The sharp decline followed a surge the previous day when two large

International crude oil futures prices dropped more than 5% during early trading on the 27th before narrowing losses. The decline followed Iranian media reports of an alleged US-Iran memorandum framework, which the White House later denied as fabricated on social media. Price

According to Spotbarge data, on May 27, the Rhine River water level dropped to extremely low levels, forcing a 110-meter barge to carry only about 1,000 tons of diesel at the Kaub shipping hub in Germany—representing just 40% of its total cargo capacity. The situation adds pressure to Europe's

According to German Economy Minister Katherina Reiche, state-owned gas importer SEFE has agreed to purchase 1 million tons of liquefied natural gas annually from Canada's Ksi Lisisms LNG project under a 20-year supply agreement. Deliveries are expected to commence in the early 2030s, according to th

According to Damavand Energy Company Asaluyeh, an accident at a petrochemical facility in Asaluyeh, Iran's southern Bushehr Province occurred at midday on May 27. The company's air separation unit malfunctioned, resulting in one employee fatality and two additional workers

According to UNICA, Brazil's Central-South sugar belt produced 1.8 million tons of sugar in mid-late April, surging 109.48% year-over-year. Sugarcane crushing reached 40.06 million tons, up 123.12% compared to the same period last year, while total ethanol production climbed 105.85% to 2.039

On May 27, 2026, a “preliminary unofficial document” regarding a framework for understanding between Iran and the United States was disclosed. It covers arrangements for passage through the Strait of Hormuz, adjustments to regional military deployments, and potential paths for a future agreement. In response, Brent crude and U.S. crude dropped in the short term, while gold prices fell to around $4,400. How is the geopolitical risk premium being adjusted? Are there any structural changes in where

According to the Wall Street Journal on May 26, the U.S. Central Command denied resuming the "Freedom of Navigation" initiative, contradicting the outlet's earlier report. The newspaper had previously claimed that a Greek-flagged super tanker carrying 2 million barrels of crude oil was escorted by U

Ethereum must reclaim two major weekly moving averages before its chart structure turns bullish, according to analyst Ali Charts on X. The analyst stated ETH needs to move back above the 200-week simple moving average at $2,500, then break cleanly above the 50-week SMA at $3,100. Ali Charts made the

According to Guru Club, WTI crude oil futures fell 6% today (May 27), trading at $88.2 per barrel.

According to Jin10, Iran announced earlier tonight that it will gradually restore commercial vessel traffic through the Strait of Hormuz to pre-escalation levels within one month. The announcement triggered a sharp decline in international crude oil prices in overnight pre-market

According to Odaily Seer, the probability that WTI crude oil will drop to $85 in May 2026 on Polymarket rose to 62% on May 27, up 32% over the past 24 hours. The move follows disclosure of a preliminary Iran-U.S. memorandum of understanding framework by Iran's Balance news agency, which includes