Commodities (Crude Oil & Copper) & Macro Outlook

According to the Financial Times, billionaire Harold Hamm, founder and CEO of Continental Resources Inc., stated that the company will increase its capital expenditure by more than 10% to $2.8 billion this year in response to surging crude oil prices driven by the Iran war

According to Saudi media outlet Alhadath, Iran proposed today (May 23) reopening the Strait of Hormuz in exchange for U.S. compensation. The proposal comes with a precondition: Iran has called for discussions on sanctions and frozen assets to be resolved before any agreement is

Low sulfur fuel oil (LU) futures main contract declined over 2% intraday on May 23, trading at 4,971 yuan per ton.

According to Bessent, director of the White House National Economic Committee, on May 23, global central banks must closely monitor oil shocks and the associated risk of inflation transmission to core prices.

According to Guru Club, WTI crude oil fell to $99 per barrel on May 22, down 2.37% intraday. Brent crude oil declined over 2% to trade at $99.96 per barrel.

WTI crude oil fell below $100 per barrel intraday on May 23, declining 1.46% in latest trading.

According to Ukraine's General Staff, Ukrainian forces attacked Russia's Sheshkaris Black Sea oil terminal and the nearby Grushnova oil storage facility yesterday (May 23).

According to Xinhua News Agency, U.S. Secretary of State Marco Rubio said on May 22 at a NATO Foreign Ministers meeting in Helsingborg, Sweden, that negotiations with Iran have made only "some progress," and a "Plan B" would be needed to restore transit through the Hormuz Strait if the two sides

According to the National Oil and Gas Company (KazMunayGas), Kazakhstan's oil production fell to 5.6 million tons in the first quarter of 2026, representing a year-over-year decline of 12%.

According to a UBS report released on May 22, global non-energy shipping showed strong recovery in May after weakness in March and April. Non-energy shipping had fallen 13% below its 12-month average in March-April but rebounded to only 4% below normal levels by May. However, significant regional di

According to Jin10, major global markets will close on May 25 (next Monday) due to regional holidays. The U.S. stock market, Hong Kong stock market (with both northbound and southbound trading suspended), UK stock market, and Korean stock market will all be closed for the day. Meanwhile, CME

Iran's Islamic Revolutionary Guard Corps reported on May 23 that 25 vessels, including tankers, container ships, and other merchant vessels, transited the Strait of Hormuz in the past 24 hours. All vessels had obtained prior transit permits, according to the official

According to Reuters citing an internal document, 27 countries have activated domestic crisis response mechanisms today (May 23) to seek rapid financial support from the World Bank to address the global economic impact of the Iran conflict. Kenya and Iraq officials confirmed they are requesting

According to Kpler, India faced an LPG supply shortage of approximately 400,000 barrels per day on May 23, with April imports declining to 37,762 barrels per day due to reduced supply from Iran amid ongoing regional tensions. This represents a sharp drop from February's 85,187 barrels per day. Indi

MicroStrategy chairman Michael Saylor has indicated the company may sell Bitcoin as early as 2025, marking a significant shift from his previous "never sell" position. "I think it's not unlikely that we'll sell some Bitcoin between now and the end of the year," Saylor said during an interview with

According to a16z crypto, as of May 7, tokenized gold dominates the commodities market with approximately $5 billion in on-chain assets, representing the vast majority of the sector's market share. In comparison, tokenized silver holds about $28.1 million, tokenized gold ETF (iShares Gold

According to on-chain analyst Ai Yi, at 3 AM on May 23, whale address 0x60a...685f6 deposited $10 million USDC to Hyperliquid and increased its crude oil short position by 28,500 BRENTOIL and 1,000 CL futures contracts. The whale now holds a cumulative crude oil short position worth $15.49 million,

According to state media, Anwar Gargash, the UAE's presidential advisor, announced on May 22 that the country's decision to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) was made after

According to Chinese Securities Journal, aluminum futures on LME and Shanghai exchanges have shown notable divergence in recent weeks, with overseas prices rising sharply while domestic contracts lag. Middle East geopolitical tensions have triggered supply constraints in global markets, but