Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, Chicago Board of Trade grain futures declined in pre-market trading on May 26 after the U.S. and Iran failed to reach a ceasefire agreement over the long weekend. Corn futures fell 0.6%, while soybean and wheat futures each dropped 0.5%, according to a report by

According to Gate data, Brent crude oil surged to an intraday high, breaking through $100 per barrel on May 26.

WTI crude oil and Brent crude oil surged 4% intraday on May 26, now trading at $96.96 per barrel and $97.51 per barrel respectively.

According to Sinopac Futures, crude oil futures faced pressure from concentrated profit-taking by bulls on May 26, with rising expectations for normal passage through the Strait of Hormuz easing supply concerns. In the short term, SC crude futures are expected to trade weaker, with support at 590-59

On May 26, FAO Director-General Qu Dongyu warned that shipping disruptions in the Strait of Hormuz are inflicting systemic damage to the global agricultural system, potentially triggering a severe food security crisis within years if action is not taken. The organization stated that constrained Horm

According to Jin10, crude oil futures recovered on May 26 after plunging overnight following U.S. military strikes on Iranian vessels and missile launchers. Peter Cardillo, analyst at Spartan Capital, noted that oil prices are regaining upward momentum. Iran has issued retaliatory threats despite on

According to Fox Business, White House National Economic Council Director Kevin Hassett stated that U.S. inflation will "definitely" decline by year end. Hassett noted that core inflation is currently only slightly above target levels. He added that if shipping through the Strait of Hormuz is

Overnight, China's commodity futures market opened mixed on May 26. Aluminum oxide rose 1.03%, fuel gained over 1%, Shanghai aluminum up 0.92%, and Shanghai nickel rose 0.61%. Meanwhile, metallurgical coke

New York and London cocoa futures jumped intraday on May 26, with New York's most active contract rising 9.5% to $4,157 per ton, marking its largest intraday gain since May 11, while London futures gained nearly 9%. Market participants cited concerns over potential El Niño weather patterns

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Japanese media on May 26, Prime Minister Sanae Takichi claimed Japan can ensure stable energy supply through spring 2027. However, a poll shows most citizens lack confidence in stable crude oil and derivative supplies. Takichi said on May 25 that Japan expects to secure

According to Pakistan's Ministry of Energy, the country plans to require refineries to maintain 15 days of crude oil inventory and oil retailers to hold 30 days of fuel stock, according to government documents.

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 a British Chambers of Commerce survey released May 25, 80% of UK businesses reported experiencing or expecting cost pressures linked to Middle East tensions, including rising energy prices, shipping disruptions, and increased raw material costs. The online survey, conducted in April, co

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Jin10, Japan's crude oil imports are expected to rebound to around 1.7 million barrels daily in May, recovering to approximately 75% of year-ago levels, based on vessel tracking data as of May 19. The recovery reflects refiners' efforts to secure alternative supplies from the

WTI crude oil and Brent crude oil both rose more than 3% intraday on May 26, trading at $95.18 per barrel and $96.98 per barrel respectively.

According to Jin10, China Oilfield Engineering announced that the company achieved cumulative new contract signings of 71.815 billion yuan in the first four months of 2026, representing a 69.91% year-over-year increase. In April alone, the company signed new contracts valued at 40.143 billion yuan,

According to Sinopec, China's Shengli Jiyang shale oil demonstration area, the country's first onshore continental rift basin shale oil national demonstration zone, reached cumulative production of 2 million