Commodities (Crude Oil & Copper) & Macro Outlook

Oman's official crude oil price for September stands at $76.36 per barrel, down from $79.09 per barrel in August.

According to Jin10, on July 31, Tianshun Wind Energy's offshore engineering subsidiary signed contracts with an international shipowner to build six 114,000-DWT dual-purpose crude oil and product tankers valued at $4.2-4.8 billion, or approximately 28.5-32.6 billion yuan. The vessels are scheduled f

According to Foresight News citing the Federal Register, the SEC has accelerated approval of NYSE Arca's amended Commodity-Based Trust Shares rules (SR-NYSEArca-2026-42), allowing up to 15% of net assets to comprise non-compliant digital or traditional commodities. The amendment also removes the

According to the Central Bank of Azerbaijan, natural gas prices are projected to average $327 per thousand cubic meters in 2026, declining to $294 per thousand cubic meters in 2027.

According to LME, registered zinc warehouse inventory fell 9,325 tonnes, marking the largest decline since April.

According to analysts at ING, on July 31, U.S. Strategic Petroleum Reserve inventory neared its operational minimum at approximately 308 million barrels, with the Energy Department ruling out further releases after completing a planned 172 million-barrel drawdown. Meanwhile, Russia extended its

According to Ukraine's military, the country struck Russia's Volgograd oil refinery on July 31. The facility is a major petrochemical infrastructure target in southern Russia.

Swyftx has launched Australia's first cryptocurrency exchange to offer licensed access to traditional financial markets alongside digital assets. The new Swyftx Leverage service enables eligible Australian retail clients to trade

Azerbaijan's central bank projects an average oil price of $84.5 per barrel for 2026 and $78 per barrel for 2027.

Swyftx unveiled Australia's first licensed cryptocurrency exchange to offer integrated access to both digital assets and traditional financial markets on a single platform. Eligible Australian retail clients can trade leveraged contracts for difference (CFDs) across approximately 100

According to Jin10 Futures, pulp futures warehouse inventories reached 353,067 tons on July 31, rising 3,759 tons from the previous trading day. Warehouse inventories for other energy and chemical products, including gazetted paper, fuel oil, petroleum asphalt, crude oil, and low-sulfur fuel oil, re

Tempo announced on July 31 the integration of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) onto its payment blockchain. The Moody's AAA-mf rated fund enables qualified users to earn yield on stablecoin balances through tokenized fund shares, supported by Securitize's infrastructure a

China's National Development and Reform Commission (NDRC) raised domestic gasoline and diesel (standard grade) prices by 685 yuan and 655 yuan per ton, respectively, effective from 24:00 on July 31, based on changes in international oil prices.

France's producer price index rose 2.6% year-on-year in June. The previous month's reading was revised upward to 3.1% from an initially reported 3.0%.

According to its official statement, BP launched a process to seek a sale of its North Sea operations. CEO Meg O'Neill stated that the company believes the North Sea business "will be better served as part of another company" as BP focuses its portfolio and directs capital toward higher-value

US stocks rallied today as Microsoft surged over 15% after earnings — the largest single-day gain since 2008. The Philadelphia Semiconductor Index jumped 8% amid renewed AI investment sentiment, and after market close Amazon announced AWS annual revenue could reach $1 trillion while raising

China's low-sulfur fuel oil futures contract fell 4% intraday on July 31, trading at 3,517 yuan per ton as of the latest quote.

Intraday crude oil prices declined on July 31. WTI crude fell 3% to $80.12 per barrel, while Brent crude dropped 2.8% to $84.40 per barrel.

According to CIBC Capital and Nikkei, the Japanese yen strengthened sharply today (July 31), with the USD/JPY exchange rate falling from 163 to around 157.5—the largest single-day gain since late 2022—as analysts suspect Japanese authorities intervened in the market. The yen had weakened to a

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market