Commodities (Crude Oil & Copper) & Macro Outlook

Low sulfur fuel oil futures closed up 3.3% during night trading on July 31. LPG, PTA, and fuel oil also posted gains of at least 1.4%. Meanwhile, coke coal and coke futures fell approximately 1.5%, while iron ore

CBOT wheat futures declined 2.5% intraday today (July 31), closing at 696.18 cents per bushel.

South Korean President Lee Jae-myung announced that Korea and Argentina will sign a memorandum of understanding (MOU) on critical minerals supply chain cooperation during his official visit to Argentina. In a written interview with Spanish-language news agency EFE released ahead of his summit with A

According to EFE, South Korea's President Lee Jae-myung announced on July 31 during an official visit to Argentina that Seoul and Buenos Aires will sign a critical minerals supply chain memorandum of understanding (MOU), with a focus on lithium cooperation. The President emphasized that South Korea

From 13:00 to 14:00 (UTC) on July 31, 2026, BTC saw a slight gain of 0.02% in that window. The price ranged from 63,721.6 to 63,888.6 USDT, with an Ampl of only 0.11%. Trading across the broader market remained subdued, and volatility has remained extremely low. However, over the past 24 hours, BTC has fallen cumulatively by about 2.65%, with the price dropping to around 63,304.9 USDT, indicating that the short-term bearish setup has not changed. The main driver behind this move is the ongoing U

According to Jin10, Hugh Peel, chief economist at the Bank of England, stated on July 31 that energy and commodity price volatility stemming from the Iran conflict may continue through 2027, raising risks of prolonged inflation. Peel said the impact of Middle East developments on the U.K. economy

ExxonMobil (NYS:XOM) and Chevron (NYS:CVX) reported sharply higher Q2 net income on July 31 local time, driven by an oil price surge linked to the Iran war. ExxonMobil's Q2 net income reached $14.5 billion, more than double the approximately $7.1 billion recorded in the same period last year,

According to CNBC, Exxon Mobil reported Q2 net income of $14.5 billion on July 31, more than double the $7.1 billion from the same period last year. The company's adjusted earnings per share came in at $3.52, falling short of the $3.60 consensus estimate, while revenue of $116 billion exceeded

Over the past week, Chile was hit by heavy snow, flooding, and strong winds, leaving 13 people dead and disrupting copper mining operations across the region. London-listed Chilean mining giant Antofagasta suspended mining and smelting operations at its Los Pelambres site, while

According to ZhiTong Finance, Nanshan Aluminum International (02610) issued a profit warning for the first half of 2026, expecting net income attributable to equity shareholders of approximately $58 million to $68 million, compared to $248 million in the same period of 2025. The decline in

According to Gate data, WTI crude oil rose 2.00% intraday on July 31, trading at $84.31 per barrel.

According to Jin10, the Persian Gulf Strait Authority announced today that transits through the Strait of Hormuz are suspended due to U.S. aggressive actions. The authority stated that once stability is restored, all pending applications will be reviewed in order, and transit permits will be

WTI crude oil broke $86 per barrel intraday today (July 31), gaining 3.0% during the session.

According to Jin10, Russia's grain exporters and producers union stated that attacks in the Black Sea region may lead to a complete blockade of export channels in the near future.

According to Jin10, the Abu Dhabi National Oil Company (ADNOC) announced today that it will update its official selling price (OSP) methodology for Abu Dhabi crude effective November 1, 2026. The company will transition from its current ICE Abu Dhabi Futures Exchange-based mechanism to a pricing

According to Jin10, WTI and Brent crude oil prices surged more than 1% ahead of the night session on July 31, marking continued strength in international oil markets.

According to Jin10 Futures, tin prices rallied this week amid easing geopolitical tensions between the U.S. and Iran, which drove oil prices lower and reduced inflation concerns. The Federal Reserve's pause on rate hikes and a softer U.S. dollar also supported the metal, while AI-driven demand

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Jin10, Exxon Mobil (XOM.N) suspended approximately 500,000 barrels of daily production on July 31 due to Iran-related regional conflict, yet the company reaffirmed its commitment to Middle East expansion. CFO Neil Hansen stated: "We will not make broad investment decisions based on