Commodities (Crude Oil & Copper) & Macro Outlook

The U.S. Baker Hughes oil rig count for the week ending May 22 is set to be released in approximately 10 minutes.

According to Bloomberg, TotalEnergies is evaluating the potential sale of a 50% stake in its European renewable energy assets to identify strategic partners for its large-scale green investment plan. The potential transaction could be valued at hundreds of millions of euros. The assets include

Mercuria Energy Group Ltd. has been granted expedited proceedings to hear its allegations that global benchmark tanker rates have been artificially distorted. The dispute centers on the primary oil tanker freight rate based on costs to lease a supertanker from within the Persian Gulf, which has

According to EU Council announcement on May 22, the European Union decided to suspend import tariffs on urea and ammonia for one year to ease the impact of Middle Eastern tensions on European agriculture. The measure will take effect the day after publication in the EU Official Journal. The tariff s

Soybean futures (Dou1) rose approximately 2.8% during overnight trading on May 22, while multiple commodities including PTA, coke, low-sulfur fuel oil, fuel oil, coking coal, bottle-grade PET, and LPG fell up

According to Guru Club, on May 22, China's crude oil futures contracts fell across the board. SC crude oil dropped 2.97% to 631.3 yuan per barrel, low-sulfur fuel oil (LU) declined 2.84% to 4,929 yuan per ton, fuel oil fell 2.45% to 4,019 yuan per ton, and asphalt retreated 1.80% to 4,415 yuan per t

According to Statistics Canada, Canada's retail sales increased 0.6% month-over-month in April, following a 0.9% gain in March. The preliminary estimate was based on feedback from 52.1% of surveyed businesses. In the first

Low Sulfur Fuel Oil (LU) front-month futures declined over 2.00% during intraday trading on May 22, with the contract now trading at 4,971 yuan per ton.

According to SHANA news agency, Iran's oil minister stated that the ongoing conflict has caused significant damage to fuel and natural gas facilities, urging the public to optimize fuel consumption.

According to Shanxi Provincial Bureau of Statistics, the province produced 52.3 billion cubic meters of coalbed methane in the first four months of 2026, marking a record high for the same period and growing 10% year-over-year. The output accounted for approximately 81.5% of China's coalbed methane

According to ChainCatcher, Solayer Labs announced today that its Solana-native perpetual trading platform Margin Trade testnet went live. The platform features unified margin, enabling users to trade cryptocurrencies, commodities (gold, silver, crude oil), and stock indices (MT500) within a single o

Canada's Raw Materials Price Index rose 2.6% month-over-month in April, matching the forecast of 2.60%. The prior month's reading was revised upward to 11.9% from 12.00%.

Canada's raw materials price index rose 31.6% year-over-year in April, according to official data. The prior month's reading was revised downward to 23.4% from an initially reported 23.6%.

Canada's industrial producer price index (PPI) rose 11.4% year-over-year in April. The prior month's figure was revised upward to 8.4% from the initially reported 7.8%.

Canada's Industrial Product Price Index (PPI) rose 2% month-over-month in April, exceeding the forecast of 1.30%. The previous month's reading was revised upward to 2.8% from the initially reported 2.40%.

According to Guru Club, WTI crude oil fell to $99 per barrel on May 22, declining 2.37% intraday. Brent crude oil dropped over 2%, trading at $99.96 per barrel. On the geopolitical front, Pakistan's Chief of Army Staff departed for

According to Guru Club, crude oil prices extended their decline on May 22, with both West Texas Intermediate (WTI) and Brent crude falling over $1. WTI crude was trading at $99.67 per barrel, while Brent crude was at $100.12 per barrel.

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

According to Jin10 Futures, on May 22, lithium carbonate prices declined 2,000 yuan per ton to 177,500–180,700 yuan per ton. The LC2609 futures contract closed at 184,460 yuan per ton, up 1.61% from the previous trading day,

According to Kazakhstan's national energy company KazMunayGas, oil production in the first quarter of 2026 declined 12% year-over-year to 5.6 million tons.