Commodities (Crude Oil & Copper) & Macro Outlook

According to BlockBeats, U.S. stock index futures declined on May 19, with Nasdaq futures falling 0.7% and S&P 500 futures down 0.4%, after President Trump cancelled planned military strikes against Iran at the request of Middle Eastern leaders. International crude prices retreated following the ann

Ukrainian military forces struck an oil refinery located in Russia's Nizhny Novgorod region, according to a statement from Ukraine's Defense Ministry. The attack was confirmed on May 19.

According to Guru Club, crude oil prices surged over $1 on May 19, with West Texas Intermediate (WTI) trading at $107.68 per barrel and Brent at $107.52 per barrel. The gains follow reports of explosions on Iran's Qeshm

WTI crude oil and Brent crude each surged over 1 USD intraday on May 19, reaching $107.68 per barrel and $107.52 per barrel respectively. The moves came amid reports of explosions near Iran's Qeshm Island, raising concerns over regional energy

According to Qatar's Foreign Ministry spokesperson, only two liquefied natural gas tankers transited the Strait of Hormuz today (May 19), indicating that normal shipping operations have not been restored.

According to Jin10 Futures, Western Australia FOB alumina traded at $310 per ton on May 19, 2026, with shipping costs at $34.45 per ton. After currency conversion at 6.82 USD/CNY, domestic port selling prices reached approximately 2,733.68 yuan per ton, representing a premium of 55.27 yuan per ton a

According to OECD Secretary-General Matthias Cormann, escalating Middle East conflicts pose a "double hit" to the global economy on May 19—slowing growth while pushing inflation higher. This dynamic puts central banks in a difficult position, potentially forcing them to maintain tight monetary

According to Mangystau, the operator managing Kazakhstan's Kashagan oil field, production reached 1.57 million tonnes in April 2026, with year-to-date output totaling 6.6 million tonnes.

According to Jin10 Futures, Soybeans II futures surged on May 19, with the main contract b2607 closing at 3,649, up 108 points or 3.05%. U.S. soybeans rallied nearly 3% overnight as Middle East tensions pushed crude oil higher, lifting soybean oil demand expectations and crushing margins.

Oil Fund LOF has suspended large-scale subscriptions and systematic investment plans for C-class shares effective May 19, 2026. New subscription and investment limits have been set at 100 yuan per transaction.

US Criticizes China Dominance in Semiconductor Supply Chains US Undersecretary for Economic Affairs Jacob Helberg on Monday, May 18, defended the planned Economic Security Zone in New Clark City under the US-led Pax Silica initiative while sharply criticizing China's control over critical

According to Jin10, on May 19, nickel futures on the London Metal Exchange surged 2.6% to $19,050 per ton after reports that Indonesia will reduce nickel production. Approximately 10-15% of high-grade nickel pig iron (NPI) production capacity at Indonesia's Weda Bay Industrial Park will undergo

Iran is reportedly considering a plan to exercise control over the Strait of Hormuz through an "insurance-based model," according to reports citing an Iranian state document. On Saturday, Fars News Agency, an Iranian news outlet closely affiliated with the Islamic Revolutionary Guard Corps, reported

Bitcoin fell to $76,500 this week, marking its lowest level since May 1 and breaking through the 21-week exponential moving average at $78,660, according to TradingView data. The decline erased gains from the bull market support band, with cross-crypto long liquidations totaling $670 million in 24 h

According to Jin10 Futures, on May 18, WTI crude oil June futures rose $3.24 to close at $108.66 per barrel, while Brent crude oil July futures gained $2.84 to $112.1 per barrel. Naphtha fell $29 to $993 per ton CFR Japan. Asia mixed xylene (MX) climbed $7 to $1,092 per ton FOB South Korea, and PX i

According to Fars News Agency, on Saturday, Iran is considering managing the Strait of Hormuz through an insurance-based model that could be paid in Bitcoin. The Iranian Ministry of Economic Affairs reportedly plans to issue marine insurance policies and certificates of financial responsibility,

According to Ukraine's Prime Minister, Russian oil product exports declined 21% year-on-year in April, with a 12% month-on-month decrease. The PM attributed the drop to Ukraine's remote sanctions campaign, stating it is causing severe damage to the Russian

According to Bloomberg, the Russian ruble strengthened 12% against the U.S. dollar since early April, reaching 72.6 — its highest level since February 2023 — driven by increased crude oil export revenues following Middle East