Commodities (Crude Oil & Copper) & Macro Outlook

According to Korean customs data, South Korea's imports rose 26.5% year-over-year in July 2026, missing the forecasted 27.8% and declining from 30.1% in the previous month.

According to earnings reports released in Q2, Exxon Mobil and Chevron warned that the ongoing Iran conflict, combined with reduced Chinese refined oil exports and Russian refinery disruptions, will keep global diesel and refined product supplies tight through the second half of 2026, supporting

According to Guru Club, on August 1, crude oil futures settlement prices rose. WTI crude oil September futures contract settled up 1.29% at $84.67 per barrel, while Brent crude oil September contract rose 1.22% to $90.12 per barrel. For July, WTI crude accumulated gains of 21.83%, with Brent up 23.5

According to Yonhapnews, in July as South Korea's Kospi index fell over 20%, exchange-traded funds (ETFs) focused on high-dividend stocks, crude oil, and Chinese assets achieved relatively strong returns compared to the broader market. The top-performing ETF for the month, excluding leveraged and in

According to Iran's Tasnim News Agency, citing senior Iranian security officials, on August 1, Iran warned that it would target U.S. and Israeli energy infrastructure if the United States and Israel attack Iranian facilities. Iranian officials stated that such attacks would be considered a

According to NYSE data, WTI crude oil for September delivery rose 1.08 dollars (1.29%) to close at $84.67 per barrel on July 31, while Brent crude climbed 1.09 dollars (1.22%) to $90.12. The price surge followed renewed military tensions between the U.S. and Iran. According to Iran's state media

On July 31, Iran's Supreme National Security Council secretary warned that continued U.S. maritime blockade and military provocations would prompt Iran to close the Strait of Hormuz and other strategic waterways, according to state media Fars News. The official stated that global economy, energy mar

Gold and silver prices declined Friday ahead of the North American market open, pressured by a firmer U.S. dollar, elevated Treasury yields and renewed oil strength following Thursday's post-PCE rebound. Spot gold was trading

According to Kitco NewsWire, spot gold and silver declined on Friday as a firmer U.S. dollar and elevated Treasury yields pressured precious metals after Thursday's post-PCE rebound. Spot gold traded near $4,057.10 per ounce, down 1.11%, while spot silver traded near $57.77, down 1.90% on the

On Friday (July 31), spot gold fell 1.27% to $4,051.30 per ounce in New York trading, ending the week flat and up 0.53% for July. COMEX gold futures declined 1.28% to $4,107.20 per ounce, down 0.83% for the month. COMEX copper futures rose 0.63% to $6.5155 per pound, gaining 5.76% in July and

On Friday (July 31), spot gold dropped 1.27% to close at $4,051.30 per ounce, holding nearly flat for the week and up 0.53% for the month amid consolidation between $3,959.84 and $4,202.90. COMEX gold futures declined 1.28% to $4,107.20 per ounce, down 0.83% for July. COMEX copper futures

Ship crossings through the Strait of Hormuz dropped 77% in a single day, with only Iran-approved routes being utilized. The decline occurred amid ongoing US-Iran tensions over the strategic chokepoint, which is crucial for global oil and gas shipments. Security concerns and geopolitical tensions

Brent and West Texas Intermediate crude oil prices fell Friday as increased shipping flows through key Middle East routes eased immediate supply concerns. Brent crude futures dropped $1.03, or 1.2%, to $88 a

On July 31, Brent crude futures fell $1.03, or 1.2%, to $88 a barrel, while U.S. WTI crude dropped $1.50, or 1.8%, to $82.09 a barrel. The decline came as increased tanker traffic through Middle East shipping routes eased immediate supply

According to National Security Advisor Sung Seok-loul, South Korea and Argentina finalized the text of a double taxation avoidance agreement (DTA) on July 31, following a presidential summit in Buenos Aires. The treaty aims to reduce double tax burdens and investment uncertainty for South Korean

According to Yonhapnews, Iran's attacks on two tankers attempting to transit the Strait of Hormuz pushed up international oil prices on July 31. Brent crude futures for September delivery closed at $90.12 per barrel, up 1.2% from the previous session, on the ICE Futures

According to the U.S. Commodity Futures Trading Commission (CFTC), during the week of July 28, speculators increased net long positions in NYMEX WTI crude oil by 21,402 contracts, bringing the total to 108,307 contracts, marking a six-week

According to Bloomberg commodity data, CBOT wheat futures fell 3.84% on July 31, closing at $6.38 per bushel, with weekly losses of 5.90%. For July, wheat futures posted gains of 8.27%. CBOT corn futures declined 1.01% to $4.6375 per bushel, down 4.87% on the week and up 6.36% for the