Commodities (Crude Oil & Copper) & Macro Outlook

The U.S. Energy Information Administration (EIA) will release its weekly crude oil inventory report at 10:30 PM Beijing time (May 20).

According to Guru Club, on May 20, WTI crude oil and Brent crude oil futures both fell over 4%, trading at $99.45 and $106.09 per barrel respectively. The decline coincides with reports that Pakistan's Army Chief of Staff may visit Iran tomorrow to announce the final version of a bilateral

The U.S. Energy Information Administration will release this week's crude oil inventory data, Cushing crude oil inventory, and strategic petroleum reserve inventory figures in approximately 10 minutes.

WTI crude and Brent crude fell over $1 per barrel in late trading. WTI is currently trading at $103.16 per barrel, while Brent crude is at $102.76 per barrel.

The Federal Reserve's hawkish policy shift is reshaping global financial markets, with the US Dollar surging to fresh six-week highs as investors abandon hopes for near-term rate cuts. Minutes from the April FOMC meeting revealed a deeply fractured policy committee, with a core group of

According to Jin10, Trump said today he is giving Iran another chance and called for reopening the Hormuz Strait. He stated that Iran is facing internal difficulties with poor living standards and that the U.S. has incurred minimal losses in conflicts with Iran.

China's main futures contracts traded mixed overnight today, with Shanghai tin up over 3% and silver gaining nearly 2%. On the downside, crude oil, low-sulfur fuel oil, fuel oil, and liquefied petroleum gas fell over 2%, while asphalt, styrene, plastic, and PX declined over 1%.

According to WoodMackenzie report released on May 20, the long-term closure of the Strait of Hormuz has reduced Gulf crude and condensate output by over 11 million barrels per day, with more than 80 million tons of liquefied natural gas supply per year—roughly 20% of

On May 20, China's Foreign Ministry announced it will extend its visa-free entry policy for Russian citizens through December 31, 2027, according to official statement. The decision followed high-level talks between Chinese and Russian officials, with China and the U.S. also agreeing to pursue

According to Bloomberg, the Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, announced plans to launch futures contracts tracking computing power costs that support the AI industry, specifically GPU expenses. ICE will collaborate with financial infrastructure firm

According to Gate data, WTI and Brent crude oil both declined over 3% on May 20, currently trading at $104.36 per barrel and $104.26 per barrel, respectively.

According to Odaily and Gate data, WTI crude oil and Brent crude oil prices declined on May 20, now trading at $104.98 per barrel and $104.76 per barrel, respectively.

According to Guru Club, on May 20, WTI and Brent crude slipped to $104.98 and $104.76 per barrel respectively. Iran allowed 26 vessels passage in the past 24 hours.

According to Guru Club, U.S. crude and Brent crude both declined over 3% on May 20, trading at $101.02 per barrel and $107.81 per barrel respectively. The Iranian Navy stated it released 26 vessels in the past 24

According to Guru Club, U.S. crude oil and Brent crude oil both declined more than 3% on May 20, trading at $101.02 per barrel and $107.81 per barrel respectively.

According to Guru Club, the Baltic Dry Index (BDI) fell 49 points to 3,005 today (May 20), down 1.6%, as all vessel segments recorded losses. The Capesize Index (BCI) declined 69 points, or 1.4%, to 4,880 points. The Panamax Index (BPI) dropped 85 points, or 3.5%, to 2,374 points. The Supramax Index

According to Guru Club, U.S. Senator Elizabeth Warren urged Federal Reserve officials today (May 20) to immediately update stress test scenarios for large banks to reflect risks from the Iran conflict. The senator's request focuses on ensuring the Fed's annual stress tests for major financial

According to Guru Club, WTI and Brent crude oil fell slightly on May 20, trading at $104.98 per barrel and $104.76 per barrel, respectively. Iran said it released 26 vessels over the past 24 hours.

According to Guru Club, WTI and Brent crude oil both fell over 3% intraday on May 20, trading at $101.02 per barrel and $107.81 per barrel respectively. The Iranian Navy said it authorized 26 vessels over the past 24

According to Guru Club, the Baltic Dry Index (BDI) fell 49 points today (May 20), declining 1.6% to 3,005 points, dragged down by weakness across all vessel segments. The Capesize Index (BCI) dropped 69 points (-1.4%) to 4,880 points, while the Panamax Index (BPI) fell 85 points (-3.5%) to 2,374 poi