Commodities (Crude Oil & Copper) & Macro Outlook

According to U.S. military, U.S. Marine Corps personnel boarded an Iranian-flagged commercial oil tanker on Wednesday (May 20).

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to London Metal Exchange (LME) data, copper futures closed up $244 to $13,656 per ton today (May 20). Aluminum rose $20 to $3,622/ton, zinc gained $42 to $3,556/ton, lead added $16 to $1,980/ton, and nickel climbed $123 to $18,929/ton. Tin surged $2,421 to $54,034/ton, while cobalt closed

On May 20, ICE UK natural gas futures declined 5.25% to 120.00 pence per therm, while TTF (Title Transfer Facility) Dutch natural gas futures fell 5.63% to 49.065 euros per megawatt-hour. The decline accelerated starting at 22:14 Beijing time. ICE EU carbon emission allowances (futures) rose 1.10% t

According to the U.S. Energy Information Administration (EIA) weekly report released on May 20, U.S. crude oil inventories fell by a record 18.8 million barrels last week, driven by exports at historical highs that are depleting domestic supply buffers. The Strategic Petroleum Reserve (SPR)

According to Javier Blas, an energy and commodities analyst, on May 20, Trump's ability to influence the oil market through his statements should not be underestimated. Blas noted that Trump recently claimed negotiations with Iran have reached their final stages, but cautioned markets to remain

According to Guru Club, Brent crude oil futures fell over 7% to $103.28 per barrel and WTI crude fell nearly 7% to $97 on May 20. U.S. President Trump stated that negotiations between the United States and Iran have entered their "final

SC crude oil futures fell 6.11% intraday today to 641 yuan per barrel.

According to Gate data, U.S. crude oil inventories fell 7.863 million barrels in the week ending May 15, significantly below consensus expectations of a 2.942 million barrel decline and prior week's 4.306 million barrel drop. In the same period, crude oil stocks at Cushing, Oklahoma declined 1.604 m

According to Freeport Indonesia's CEO, Grasberg copper-gold mine recovery will take longer than expected. The company's current operating capacity stands at 50%, with plans to increase it to 65% in 2026. Operations are projected to approach full capacity by late 2027. Grasberg is the world's

According to Guru Club, on May 20, China's nonferrous and precious metals futures surged broadly. Tin futures (Shanghai) led gains with an advance exceeding 4%, while silver futures climbed nearly 3%. Zinc, copper, and international copper futures each gained over 1%, while lead and gold futures

According to the U.S. Energy Information Administration (EIA), crude oil imports from Venezuela last week reached their highest level since the agency resumed data reporting in September 2024.

According to BlockBeats, on May 20, the U.S. EIA crude oil inventory declined by 7.863 million barrels for the week ending May 15, exceeding analyst expectations of a 2.942 million barrel decline. The Strategic Petroleum Reserve drawdown reached a historic record level. Meanwhile, according to

According to a joint statement released today (May 20), China and Russia committed to strengthening comprehensive energy partnership across multiple sectors. The two countries pledged to deepen cooperation in oil and gas, coal, civilian nuclear energy, renewable energy, and green electricity

According to the U.S. Energy Information Administration (EIA), crude oil inventories fell 7.863 million barrels in the week ending May 15, significantly exceeding market expectations of a 2.942 million barrel decline. The previous week had seen inventories decline by 4.306 million barrels.

According to U.S. EIA data released on May 20, the Strategic Petroleum Reserve saw its largest weekly decline since August 1982 for the week ending May 15, marking the eighth consecutive week of drawdowns. Commercial crude oil inventories excluding strategic reserves fell to their lowest level since

According to Jin10 Data, as of May 15, the U.S. Strategic Petroleum Reserve hit its lowest level since July 2024, with a weekly decline that marked the largest drop since August 1982. The reserve has fallen for eight consecutive weeks. U.S. crude oil inventories also declined, posting their

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to the U.S. Energy Information Administration (EIA), distillate fuel production implied demand reached 5.1259 million barrels per day in the week ending May 15, up from 4.9789 million barrels per day in the prior week.