Commodities (Crude Oil & Copper) & Macro Outlook

The Norwegian Petroleum Directorate released preliminary production figures for April, reporting crude oil output at 1.944 million barrels per day and natural gas production at 10.2 billion cubic meters.

According to Guru Club, on May 20, WTI crude oil futures and Brent crude oil futures both declined. WTI dropped 1.4% to $102.66 per barrel, while Brent fell 1.2% to $109.92 per barrel.

According to Guru Club, London tin prices rose 4% to $53,495 per ton during intraday trading on May 20.

According to BIT, HYPE has risen more than 100% from its 2026 low, driven by the platform's expansion into non-cryptocurrency derivatives including oil futures and SpaceX Pre-IPO perpetual contracts launched recently. The token has been among the strongest performers since the Iran conflict

WTI and Brent crude oil both fell over 1% intraday on May 20.

Perpetuals.com, led by former FTX Europe executive Patrick Gruhn, launched UpsideOnly today, an AI-driven platform where users can participate in market predictions without risking personal capital. Instead of requiring users to fund trades directly, the platform asks participants to submit market p

According to Jin10, the UK's April consumer price index slowed to 2.8% year-over-year, down from 3.3% in March and below the market expectation of 3.0%, driven by fading base effects from last year's energy price surge. The government will likely announce additional measures on Thursday to help

On Wednesday, Indonesian President Prabowo announced that exports of palm oil, coal, and ferroalloy must be channeled exclusively through government-designated state companies. The policy aims to address fiscal pressures and currency weakness. Prabowo stated that the export sector suffers from

On Wednesday, Indonesian President Prabowo announced plans to strengthen government control over commodity exports to address fiscal pressures and the declining Indonesian rupiah. Palm oil, coal, and iron alloy exports will now be required to be sold exclusively through a government-designated

According to Bharat Petroleum, the company's Russian oil processing share rose to 31% in the third quarter, up from 25% in the fourth quarter.

According to the Japan Petroleum Association chairman, seven ultra-large tankers are currently transporting crude oil purchased by Japan in the Persian Gulf.

Japan's petroleum industry leader recently stated that the country expects to see significantly higher costs when procuring U.S. crude oil, driven by lengthening shipping routes. The longer transit distances will add expenses to import operations, impacting procurement economics for Japanese

According to Guru Club, the palm oil futures main contract at the Dalian Commodity Exchange (DCE) rose over 2% to 9,803 yuan per ton during the morning session on May 20. Indonesian President stated that sales of palm oil, coal, and ferroalloys must be conducted through state-owned

According to President Prabowo Subianto on Wednesday, Indonesia will establish a state-owned enterprise to manage exports of palm oil, coal, and ferroalloy. The initiative aims to optimize government revenue, strengthen oversight, and combat underreporting. The government projects potential

According to Guru Club, Indonesia's President announced plans to accelerate biodiesel production from palm oil on May 20, while assessing the viability of producing gasoline from palm oil.

The Japan Petroleum Association expects to secure sufficient alternative oil products during the summer months, according to the organization's chairman.

According to CME data on May 19, WTI crude oil futures trading volume fell by 517,666 contracts to 611,536, while open interest declined 6,136 contracts to 2,003,162. Silver futures volume dropped 10,696 contracts to 53,122, with open interest down 1,199 contracts to 100,753. Copper futures volume d

Since May 2026, tensions between Iran and Israel have escalated significantly, with drone and missile attack incidents occurring frequently, triggering strong market concerns about a disruption of transport through the Strait of Hormuz. International crude oil prices rapidly broke above $110 per barrel, reaching the highest level since the beginning of 2025. At the same time, US 10-year Treasury yields surged to a new high since 2025, as global capital accelerated its exit from risk assets. Acco

According to Jin10 Data Center, the Chicago Mercantile Exchange (CME) metal commodities trading volume report for May 19 has been updated and is now available for review.

Truth Social, the social media platform operated by Trump Media & Technology Group, has filed to withdraw its cryptocurrency exchange-traded fund applications with the Securities and Exchange Commission. According to filings submitted to the SEC on Monday, the firm requested to withdraw its Form S-1