Commodities (Crude Oil & Copper) & Macro Outlook

According to BlockBeats, next week will feature dense remarks from U.S. and Japanese central bank officials, with Bank of Japan Governor Ueda speaking on Wednesday, Federal Reserve Chair Powell's successor William Williams on Thursday, and Fed Governor Bowman on Friday. Key U.S. economic data

According to CITIC Securities, raw milk prices have remained elevated since April, easing supply-demand tensions, while culled cow prices surged above 22 yuan per kilogram since May. Major livestock companies are expanding beef cattle operations. With domestic herd culling continuing and import

According to Guru Club, Brent crude oil declined to $100 per barrel today (May 25), falling 4.72% intraday.

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to Guru Club, crude oil futures fell sharply overnight, with both WTI and Brent crude plunging over 9% as of 5:20 AM Beijing time on May 24. Bitcoin surged over 1% to $76,655 during the day. The market downturn triggered over 120,000 liquidations across crypto in the past 24 hours.

According to Ukraine's Security Service, on May 24, the Alpha special operations center conducted drone strikes on a fuel pump station in Russia's Vladimir Oblast, igniting a fire that covered over 800 square meters. The facility supplies fuel produced by Russian refineries to Moscow-area oil

According to U.S. senior officials, the U.S. and Iran are nearing an agreement to reopen the Hormuz Strait on May 25, with WTI crude falling over 5% in early trading. Risk appetite rebounded as markets grew optimistic about restoring oil transport flows, driving the U.S. Dollar lower and equity

WTI crude oil fell 4.9% on Monday with a gap-down opening, currently trading at $95.58 per barrel.

According to Jin10, on May 25, Kevin Hassett, chief economic adviser to U.S. President Trump, stated that oil prices will plummet once a U.S.-Iran agreement is reached, providing the Federal Reserve with sufficient space to lower interest rates. Hassett emphasized that energy price declines could ev

According to Iranian state media, Rezaei, spokesman for Iran's parliament national security and foreign policy committee, said on May 24 that the management of the Hormuz Strait will not return to pre-war conditions. The strait is currently controlled by Iran, and after the war ends, Iran can

According to CFTC data as of the week ending May 19, speculators reduced net short positions in CBOT U.S. 2-year Treasury futures by 41,775 contracts to 1,560,837, while increasing net short positions in 10-year Treasury futures by 66,885 contracts to 848,052. Additionally, speculators

According to Jin10, Shanghai gold futures (main contract) closed down 0.10% at 991 yuan per gram on the evening of May 23. Shanghai silver futures rose 0.51% to 18,681 yuan per kilogram, while SC crude oil futures fell 1.88% to 638 yuan per

According to Qatar News Agency, Turkey and Libya held talks recently on cooperation in the oil and gas sector. The discussions focused on bilateral energy partnerships between the two countries.

As of the week ending May 22, U.S. total oil rig count rose to 558 from 551 in the prior week, marking a gain of seven rigs.

According to ECB Governing Council member Isabel Müller, the recent surge in energy prices provides a good reason for the central bank to raise rates in June. Müller's comments signal support for a potential interest rate increase in the coming month amid inflationary pressures from elevated energy

According to Jin10, citing analyst Bradley Saunders from Capital Economics, Canada's retail sales declined 0.7% month-over-month in March on May 22, though below the expected severity. On a nominal basis, retail sales grew 0.9% in March, beating the prior estimate of 0.6%. Preliminary figures

According to Financial Times, the U.S. will relax its blockade on Iranian ports following an agreement reached with Iran.

The U.S. stock market will close on May 25 due to the Memorial Day holiday. CME precious metals and crude oil futures will end trading early at 02:30 Beijing time on May 26, while U.S. stock and Treasury futures will close at 01:00 Beijing time on May 26. Hong Kong stock market will close on May 25

According to OnchainLens monitoring today (May 24), a whale opened a 25x leveraged long position on GOLD worth $12.6 million. The same whale also holds a 20x leveraged short position on crude oil futures with unrealized gains