Commodities (Crude Oil & Copper) & Macro Outlook

According to Egypt's Ministry of Oil and Mineral Resources on July 29, a liquefied natural gas vessel and a storage ship caught fire at Damietta Port on the Mediterranean coast.

Doug Casey, author of 'Crisis Investing,' warned that approximately $15 trillion of an estimated $40 trillion U.S. government debt load must be refinanced within 12 months, creating acute pressure on Treasury markets. Casey made the statement during an interview with host David

Spot gold and silver prices declined in late-afternoon U.S. trading Tuesday, with spot gold trading near $4,027.40 an ounce, down 1.18%, and spot silver near $57.02, down 2.19%, as sellers kept pressure on precious metals ahead of Wednesday's Federal Reserve decision. The decline occurred even as

According to maritime security firm Ambrey, a U.S.-operated liquefied natural gas (LNG) floating storage vessel flagged to the Marshall Islands was attacked by at least one drone while docked at Egypt's Damietta Port on

According to security sources, Egypt's natural gas storage facility at Damietta port was targeted by drone attacks today (July 29). The incident marks a continued security concern in the region's critical energy

According to the U.S. Central Command (CENTCOM), the Strait of Hormuz remains open for international shipping, with compliant vessels receiving support from U.S. military forces. Since May, CENTCOM forces have assisted approximately 1,000 ships and 500 million barrels of crude oil transiting the

CBOT soybeans fell 2.0% intraday to 1,192.92 on July 29.

According to Jin10 Futures, ICE December cotton futures fell 0.53 cents to 80 cents per pound on Wednesday, down 0.66%, as a strengthening U.S. dollar made the commodity less attractive to overseas buyers and weakening corn and soybean prices dampened overall agricultural sentiment. The dollar

According to the U.S. Energy Information Administration (EIA), American refinery utilization rates rose to their highest level last week since December 2018.

According to the U.S. Energy Information Administration (EIA), U.S. refinery crude oil net imports last week rose to the highest level since September 2019.

According to the U.S. Energy Information Administration (EIA), the four-week average of U.S. aviation fuel supply reached a record high last week.

According to the U.S. Energy Information Administration (EIA), refinery utilization rates in the U.S. Midwest rose to their highest level last week since December 2023.

WTI crude oil futures rose 8% to above $86 per barrel on July 29. U.S. President Trump stated that American military forces would deliver a heavy blow against Iran, contributing to the upward pressure on oil

According to the U.S. Energy Information Administration (EIA), U.S. Midwest crude oil inventories declined last week to their lowest level since December 2014.

Gate launched SpaceX stock airdrops via Launchpool Phase 368 starting July 28, alongside FOMC Event Contracts tied to the July 28–29 Federal Reserve meeting, 17 new CFD pairs, and AEON trading support. The exchange announced multiple campaigns featuring prize pools exceeding 900,000 USDT across

According to Michael Pfister, Commerzbank analyst, on July 29, the euro may not gain from a lasting U.S.-Iran peace agreement, as the eurozone's oil-inflation correlation is stronger than in the U.S. While the Federal Reserve's rate expectations have recently decoupled from oil prices, the

According to Jin10, on July 29, WTI crude oil surged to $83.7 per barrel with intraday gains reaching 7%, while Brent crude oil rose 6.5% to $87.3 per barrel.

According to EIA data, U.S. distillate fuel product supplied (implied demand) fell to 5.3103 million barrels per day for the week ending July 24, from 5.3227 million barrels per day the prior week.

According to EIA data through July 24, U.S. crude oil production reached 20.503 million barrels per day, up from 19.317 million barrels per day in the prior week.

According to EIA data, U.S. gasoline production rose to 9.93 million barrels per day for the week ended July 24, up from 9.75 million barrels per day in the prior week.