Commodities (Crude Oil & Copper) & Macro Outlook

According to Bloomberg commodity data as of Thursday (May 21) close, CBOT wheat futures fell 1.93%, with the Bloomberg grain commodity index declining 1.02% to 32.1475 points. CBOT soymeal futures fell 1.09% and soybean oil futures fell 1.08%, while corn futures dropped 0.64%. ICE cotton futures de

According to ISO New England, oil-fired generation in the region exceeded 700 MW on May 20 amid record May temperatures, with capacity sufficient to power approximately 500,000 households. Hours earlier, the grid operator declared the power system in "abnormal conditions" and ordered all

Shanghai Futures Exchange crude oil futures contract 2607 closed down 3.41% at 633.60 CNY/barrel during the evening session. Shanghai gold closed up 0.43%, while Shanghai silver rose 1.85% during the same

According to Jin10, WTI and Brent crude oils both fell below the $100 per barrel level on May 22, trading at $99.6 and $99.7 per barrel respectively.

Brent crude oil fell 2.5% intraday today, trading at $102.33 per barrel.

According to Reuters, Russia's Norsi oil refinery partially shut down following a drone attack on May 20.

According to BlockBeats, Fed official Raphael Bostic stated on May 22 that current policy is in a good position to handle ongoing shocks, and the U.S. may be 'somewhat immune' to oil price disruptions. Bostic noted that long-term inflation expectations have so far remained within manageable

According to Trump, on May 22, the U.S. government will likely need to repay $149 billion in tariffs. This follows the Supreme Court's February ruling that some of his tariff policies violated the International Emergency Economic Powers Act (IEEPA), requiring the government to refund the import

Michelin reported that the global original equipment passenger car tire market declined 6% in April.

The Commodity Futures Trading Commission and the National Hockey League signed a Memorandum of Understanding on Thursday to coordinate and share information "to protect the integrity of both professional hockey and related event contracts." The agreement represents the latest effort by the CFTC to b

According to Jin10, on May 21, Iranian Ambassador to France Mohammad Amin-Nejad stated that while national interests may prompt countries to join or leave international organizations, OPEC remains "a truly and extremely valuable achievement" for oil-producing nations. Despite challenges and

According to OPEC+ sources, the organization is expected to approve an increase in its oil production quota by 188,000 barrels per day at its meeting on June 7.

According to the EIA, U.S. natural gas inventories reached 2.391 trillion cubic feet for the week ending May 15, climbing 101 billion cubic feet from the prior week and 33 billion cubic feet year-over-year, representing a 1.4% annual increase. Inventories were 149 billion cubic feet above the five-y

According to the U.S. Energy Information Administration (EIA), American natural gas inventories increased by 101 billion cubic feet last week, surpassing analyst expectations of 96 billion cubic feet. The weekly growth rate reached 4.41%, with total inventories at 2.39 trillion cubic feet.

India's crude oil imports declined 4.3% year-over-year in April to 20.1 million tons, according to available data. Separately, gasoline exports fell 27.5% to 0.9 million tons, while diesel exports rose 25.6% to 1.6 million tons during the same

The U.S. Energy Information Administration (EIA) will release its weekly natural gas inventory report at 22:30 Beijing time today.

According to ChainCatcher, analyst Tom Lee attributed Ethereum's current sell pressure primarily to rising oil prices, citing the recently published Federal Reserve April minutes. Lee noted that ETH exhibits a historic high negative correlation with oil prices; higher crude costs inflate

According to Foshan Jinkai Futures report on May 21, U.S. crude oil inventory declined by 7.863 million barrels in the week ending May 15, while strategic petroleum reserves fell by 9.92 million barrels to 374.2 million barrels, marking the largest weekly decline since August 1982. The Hormuz

According to Jin10, WTI crude oil hit $106 per barrel with a 3.39% daily gain in today's U.S. session (May 21), while Brent crude rose to $105.81 per barrel, up 3.26% for the day.

According to Jin10, U.S. stock index futures pointed to a lower open on Thursday, suggesting equities may retreat from Wednesday's gains. The previous day's rally occurred as Treasury yields and crude oil prices fell sharply. Nvidia shares also declined in pre-market trading, with negative market re