Commodities (Crude Oil & Copper) & Macro Outlook

According to Gate data, Brent crude broke above $105 per barrel today (May 21), up 2.67% intraday. WTI crude futures climbed to $102 per barrel, gaining 3.81% intraday. COMEX gold fell below $4,500 per

According to Guru Club, on May 21, WTI crude oil surged past $102 per barrel, gaining 3.86% intraday.

According to Jin10, U.S. stock index futures are pointing to a lower open on Thursday (May 22) as markets potentially retrace gains from the previous session. Yesterday's rally coincided with a sharp decline in Treasury yields and crude oil prices. Nvidia shares are

According to Guru Club, Brent crude oil futures surged 3% to $108.108 per barrel on May 21. WTI crude oil futures also climbed 3.56% to $101.76 per barrel.

Since May 2026, global macro traders and Crypto market participants have noticed a notable shift: discussions about whether the “rate-hiking cycle” has truly ended are flaring up again. Unlike the dominance of rate-cut expectations for most of 2025, the market’s pricing weight for a potential re-hike by major central banks is rising. Meanwhile, Bitcoin and crude oil have shown highly synchronized volatility characteristics across multiple time dimensions. This phenomenon raises deeper questions:

According to Bloomberg, Christopher Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission, will join Jefferies Financial Group in July as a senior advisor focused on investment banking. The 67-year-old will leverage his regulatory background and network to connect market

According to Bloomberg, on May 21, Christopher Giancarlo, former U.S. Commodity Futures Trading Commission (CFTC) chair known for his pro-crypto stance as 'Crypto Dad,' joined Jefferies Financial Group as a senior advisor focused on investment banking. During his tenure, the Chicago Board Options

According to Bloomberg, Christopher Giancarlo, former U.S. Commodity Futures Trading Commission (CFTC) chairman, will join Jefferies Financial Group as a senior advisor focused on investment banking in July. During his tenure at the CFTC, Giancarlo oversaw the approval of Bitcoin futures contracts o

According to China Customs data released on May 21, China's sulfur imports fell to 295,500 tons in April 2026, down 42.77% month-on-month and 72.39% year-on-year. Commodity research firm Longzhong Information noted that this monthly import volume represents the second-lowest single-month level in

According to Jin10, the U.S. House of Representatives is set to vote on May 21 on a war resolution requiring President Trump to cease military action against Iran without congressional authorization. The vote marks a test of congressional opposition to the administration's Iran military

According to Bloomberg Industry Research, a May survey of 126 market participants including asset managers and energy professionals concluded that crude oil prices are likely to peak near $100 per barrel over the next year. The consensus reflects a view that supply losses from U.S.-Iran tensions

According to UBS, the bank raised its September Brent crude oil price forecast by $10 per barrel to $105, and adjusted its WTI (West Texas Intermediate) forecast to $97 per barrel.

According to Fars News, approximately 30 vessels have applied to transit the Strait of Hormuz as of May 21, 2026, according to Iran.

According to International Energy Agency (IEA) chief Fatih Birol, the oil market may enter a tight supply situation in July-August as inventory draws intensify and summer demand strengthens.

Brent crude oil touched $104 per barrel intraday on May 21, gaining 1.70% during the trading session.

According to Guru Club, WTI crude oil futures rose 2% on May 21, reaching $100.253 per barrel.

According to Reuters, Brent crude oil climbed $1.67 per barrel to $106.12, while WTI crude rose $1.46 per barrel to $99.53 in the last 5 minutes. The price surge comes as Iran's Supreme Leader reiterated that uranium must remain within the

The European Commission downgraded its 2026 economic growth forecast for the European Union to 1.1% on May 21, citing the impact of the Middle East situation and resulting surge in energy prices as the primary cause of the slowdown. The eurozone's 2026 growth forecast was similarly revised

According to Egypt's Ministry of Oil, a natural gas field with an estimated capacity of approximately 330 billion cubic feet was discovered in the Western Desert.

According to Indian government officials, major diesel buyers have recently begun purchasing from state-owned retail fueling stations, marking a shift in sourcing patterns for bulk commodity purchases.