Commodities (Crude Oil & Copper) & Macro Outlook

SC crude oil futures contracts fell 8.00% intraday on July 27, trading at 545.30 yuan per barrel.

Brent crude oil fell sharply intraday today, dropping $6 to $87.16 per barrel, down 6.45%. WTI crude oil declined 6.7%, trading at $83.17 per barrel.

According to the Korea Exchange, gold prices on the KRX market hit year-to-date lows of 189,810 won per kilogram on July 24, down 29.65% from January's peak of 269,810 won. The decline was driven by surging crude oil prices triggered by US-Iran military escalations, which prompted expectations of

South Korea's Ministry of Trade, Industry and Energy (MOTIE) announced the 16th Long-term Natural Gas Supply and Demand Plan on May 27, projecting domestic natural gas demand will decline at an annual average rate of 0.94% from 45.91 million tons in the current year to 41 million tons by 2038. The p

According to the Ministry of Trade, Industry and Energy, South Korea released its 16th long-term natural gas supply-demand plan on July 27. Total natural gas demand is projected to decline from 45.91 million tons this year to 41 million tons by 2038, a year-over-year decrease of 0.94 percent. To

According to market reports, SC crude oil futures fell over 6% by early trading on July 25 after the U.S. halted its aerial campaign against Iran, ending 13 consecutive days of nightly strikes. The pause aims to create diplomatic space, as the U.S. and Iran continue indirect talks facilitated by

According to BlockBeats and Hyperinsight monitoring on July 27, a whale (0xa314) saw its $15 million crude oil pair trade collapse after it bet long on WTI while shorting Brent crude, anticipating WTI's continued outperformance. The trader had established approximately 91,000 WTI long contracts and

According to Jin10, the Bank of England is expected to hold interest rates steady at 3.75% during its policy meeting this week, despite surging energy prices driven by renewed Middle East conflict. Oil prices have rebounded to around $100 per barrel following the collapse of a U.S.-Iran ceasefire

According to Russian news agency TASS, Dangote Refinery secured $2.5 billion in financing on July 27 to expand its Lekki facility. The refinery's daily processing capacity is targeted to double from 650,000 barrels to 1.4 million barrels

According to South Korea's Ministry of Trade, Industry and Energy, on July 27, the government held a crude oil supply review meeting in response to escalating Middle East tensions and elevated risks to shipping through the Red Sea. The government, along with refineries and shipping companies, will a

Indonesia has intensified export inspections for metal products, focusing on rare earth elements and uranium content verification, according to The Business Times. The government commissioned independent verification agencies to confirm the actual composition of exported mineral products, with rare

According to The Business Times, Indonesia tightened inspections on metal exports this month, with particular focus on rare earth elements and uranium content, causing shipment delays on products including alumina and nickel pig iron. The customs authority stated it commissioned independent

According to an announcement from Guangfa Futures, the firm recently assisted a client in opening the company's first futures account dedicated to transferring state-owned equity and cash returns to enrich the national social security fund, supporting stable operation of pension

According to Yonhapinfomax, on July 27, U.S. stock index futures rose in Asian trading as the U.S. and Iran agreed to halt mutual attacks. The S&P 500 E-mini futures gained 0.66% to 7,497, while the Nasdaq-100 E-mini futures climbed 1.13% to 28,604.75. U.S. Treasury yields declined, with the

Goldman Sachs released a deep-dive commodities report on July 27, laying out three clear oil-price scenarios, covering the full range from a baseline neutral outcome to an extreme upside. The report’s core conclusion is that the risk of oil prices rising is significantly greater than the room for downside; in the short term, summer inventory drawdowns will support oil prices trading at elevated levels. In an extreme upside backdrop, shipping through the Strait of Hormuz remains disrupted until 2

According to Jin10 Futures, Malaysia palm oil futures fell 0.83% to 4,683 ringgit per metric ton on Monday (July 27), retreating from a 15-week high reached in the previous trading session. The decline was driven by falling crude oil prices, which dropped 5% after the U.S. and Iran paused military o

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

Japan's Marine Research and Development Organization (JAMSTEC) announced on July 24 analysis results showing rare earth mud recovered from waters near Minamitorishima contains approximately 54% medium-heavy rare earth elements including yttrium, gadolinium, and dysprosium. The samples were recovered

Economist Peter Schiff warned this week that Japan's bond market crisis could trigger selling pressure on the country's $1.1 trillion holdings of US Treasuries, describing the situation as a potential pin that pricks the larger US economic bubble. Schiff made the comments on The Peter Schiff Show

According to Peter Schiff speaking on The Peter Schiff Show Podcast this week, Japan's surging bond yields and weakening currency pose a systemic threat to U.S. financial markets. Japan's 30-year government bond yield hit near 4%, a record for that maturity, while the yen fell to its lowest level