Commodities (Crude Oil & Copper) & Macro Outlook

According to China National Offshore Oil Corporation (CNOOC), China's largest onshore shallow-formation oilfield group, Kenli 10-2, commenced full production today (May 27) with daily crude output exceeding 2,800 tonnes. Located in the southern Bohai Sea with average water depth of

According to Guru Club, crude oil futures dropped over 9% in early trading on May 24 Beijing time, with both WTI and Brent contracts sliding sharply by around 5:20 AM. The sell-off triggered a wave of liquidations across cryptocurrency markets, with over 120,000 traders facing forced position

According to Jin10, the Wall Street Journal corrected its earlier reporting on May 26, stating that the U.S. Navy did not resume "Operation Freedom Eagle," a shipping protection initiative in the Middle East. A U.S. Central Command spokesperson clarified that the media's previous account, which

According to reports, CBOT soybean oil futures rose 0.5% on Tuesday (May 27), tracking a surge in crude oil prices driven by overnight U.S. military strikes on targets within Iran. As a key feedstock for biodiesel production, soybean oil tracks crude oil price movements. Support also came from

According to China Securities Journal, crude oil prices plummeted from their May 18 high, with both NYMEX WTI and Brent futures falling over 14% by May 26. As of May 26, both contracts posted intraday gains exceeding 1%. Geopolitical tensions in the Middle East remain a key driver of oil price

According to Zhonghui Jiantou research, Chinese gas turbine manufacturers including Dongfang Electric, China Power, and Avic Aero-Engine recently received increased overseas orders, with pricing increases continuing across the supply chain. Following price hikes announced in March by GEV and

According to a Wall Street Journal correction confirmed by a U.S. Central Command spokesman on May 26, the United States did not resume the "Liberty Plan." The media outlet had previously reported that a Greek supertanker carrying 2 million barrels of crude oil was escorted through an Omani

According to the Wall Street Journal on May 26, the media outlet retracted an earlier report claiming the U.S. Navy escorted a Greek-flagged supertanker carrying 2 million barrels of crude oil through Omani coastal waters as part of a renewed 'Operation Prosperity Guardian.' A U.S. Central Command s

According to the Wall Street Journal, U.S. Trade Representative Jamieson Greer said on Tuesday that President Trump's 10% global tariff, imposed in February under Section 122 of the Trade Act of 1974, could be reinstated after its scheduled July expiration. Greer indicated that legal ambiguity

According to Jin10, on May 26, crude oil futures moved in opposite directions at the New York Mercantile Exchange and London trading sessions. WTI light sweet crude oil for July delivery fell $2.71 to $93.89 per barrel, down 2.81%. Brent crude oil for July delivery rose $3.44 to $99.58 per barrel, u

On Tuesday, May 26, Emerging Markets ETF rose 3.83%, leading U.S. equity asset classes, while Russell 2000 index gained 1.89%. Nasdaq-100 ETF and Barclays U.S. Convertible Bond ETF climbed up to 1.78%, and S&P 500 ETF rose 0.66%. U.S. Treasury 20+ Year ETF, U.S. Real Estate ETF, and Gold ETF

According to the Wall Street Journal and U.S. Central Command, on May 26, the WSJ retracted its earlier report suggesting the U.S. Navy had resumed the 'Sentinel Stride' operation to escort a Greek-flagged tanker carrying 2 million barrels of crude oil through the Strait of Oman. A U.S. Central Comm

According to Bloomberg Commodity Index data, on Tuesday, May 26 at the New York close, CBOT wheat futures fell 1.74%, while the Bloomberg Commodity Index declined 1.15% to 31.7796 points. Other CBOT grain futures also retreated: corn futures fell 1.13%, soybeans dropped 0.92% to $11.8550 per

Shanghai Futures Exchange crude oil futures contract 2607 rose 0.81% overnight to 609.50 yuan per barrel on May 26. Shanghai gold fell 1.15%, while Shanghai silver declined 1.38% during the same session.

According to Iranian media outlet Tasnim, Iran allowed 25 vessels to transit the Strait of Hormuz over the past 24 hours.

According to the U.S. Central Command, on May 26, the Pentagon clarified that the United States has not resumed the 'Freedom of Navigation Initiative,' contradicting an earlier Wall Street Journal report. The WSJ had incorrectly characterized a Greek-flagged oil tanker carrying 2 million barrels of

According to Reuters, Occidental Petroleum has acquired a 10% stake in a deepwater exploration block operated by ExxonMobil off Trinidad and Tobago. The block is adjacent to Guyana's prolific Stabroek field. The exploration carries elevated risk at its current stage. ExxonMobil is conducting

LME aluminum futures surged 0.8% to $3,677.50 per ton today, with intraday peak reaching $3,707.50, marking the highest level since March 24, 2022. Among other LME metals, copper edged down 0.3% to $13,618.50, zinc fell 0.3% to $3,532, lead rose 0.2% to $2,014, tin climbed 0.9% to $54,600, and

According to Bloomberg, Canada and Germany's SEFE are close to reaching a liquefied natural gas (LNG) purchase agreement, according to sources familiar with the matter.

According to Wall Street Journal and U.S. Central Command, the media outlet recently corrected its earlier reporting on U.S. Navy operations in the Middle East. The initial report claimed that a Greek-flagged supertanker carrying crude oil was escorted through waters off Oman as part of the U.S. Nav