Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, WTI crude oil and Brent crude declined on May 20, trading at $104.98 and $104.76 per barrel respectively. In related developments, Iran said it had cleared 26 vessels through its waters over the past 24

According to ChainCatcher, the Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, announced plans to launch futures contracts tracking computing power costs supporting the AI industry. ICE will partner with financial infrastructure company Ornn to develop derivative

WTI crude oil declined to $104.98 per barrel on May 20, while Brent crude fell to $104.76 per barrel. In related news, Iran released 26 vessels over the past 24 hours.

According to Guru Club, on May 20, WTI crude declined to $104.98 per barrel and Brent crude fell to $104.76 per barrel. In related news, Iran released 26 vessels over the past 24 hours, according to Iranian

According to Jin10, Iran allowed 26 vessels to pass through its waters in the past 24 hours. International oil prices declined slightly during the period.

According to Iran's Revolutionary Guard Navy commander, on May 20, 26 vessels including oil tankers, container ships and other commercial vessels transited the Strait of Hormuz in the past 24 hours under coordination and security by the Revolutionary Guard Navy.

West Texas Intermediate crude fell to $104.98 per barrel while Brent crude slipped to $104.76 per barrel on short-term weakness. Over the past 24 hours, Iran released 26 vessels, according to Iranian statements.

According to Guru Club, on May 20, WTI and Brent crude oils declined slightly to $104.98 and $104.76 per barrel, respectively. In related developments, Iran reported releasing 26 vessels over the past 24

According to Guru Club, WTI and Brent crude oil prices declined slightly today (May 20), with WTI reporting $104.98 per barrel and Brent at $104.76 per barrel. Iran stated it cleared 26 vessels in the past 24

According to Odaily, Iran's Islamic Revolutionary Guard Corps Navy said 26 vessels, including oil tankers, container ships, and other commercial vessels, transited the Strait of Hormuz in the past 24 hours under its coordination and security protection. The Iranian Revolutionary Guard Corps Navy st

According to Iran's Islamic Revolutionary Guard Corps Navy commander, 26 vessels including tankers, container ships, and other merchant ships transited the Strait of Hormuz in the past 24 hours (May 20) under IRGC Navy coordination and security

Recently, the CEO of Abu Dhabi National Oil Company (ADNOC) stated that global spare production capacity currently stands at approximately 3 million barrels per day, but should be increased to 5 million barrels per day.

According to ADNOC's Chief Executive Officer, the Abu Dhabi National Oil Company launched a new pipeline project bypassing the Strait of Hormuz in 2025 and has now completed 50% of the project.

According to South Korean Foreign Ministry, a South Korean oil tanker carrying approximately 2 million barrels of crude oil transited the Strait of Hormuz on May 20. Foreign Minister Cho Hyun stated that the vessel departed the Persian Gulf on May 19 following negotiations with Iranian

According to South Korea's Foreign Ministry, a South Korean oil tanker carrying approximately 2 million barrels of crude oil passed through the Strait of Hormuz on May 20, marking the first Korean vessel to transit the waterway since Iran's conflict began. The tanker departed the Persian Gulf on May

Freeport Indonesia's chief executive officer forecasted the company will produce 800 million pounds of cathode copper and 700,000 ounces of gold in 2026.

According to Iran's Tasnim News Agency, Iran released a video recently showing an unmanned drone targeting an oil tanker that transited the Strait of Hormuz without prior coordination with Iranian authorities.

According to Guru Club, London tin rose 5.44% intraday on May 20, trading at $54,420 per ton.

According to state media, Iran's President Pezeshkian stated on May 20 that the country's oil industry has ensured uninterrupted fuel production and supply chain operations despite recent geopolitical tensions and wartime

According to Jin Lian Chuang, China's refined oil prices are expected to rise on May 21 at 24:00, marking the eighth increase this year. As of May 20, the reference crude oil price averaged $105.09 per barrel, with domestic gasoline and diesel projected to rise by approximately 110 yuan per