Commodities (Crude Oil & Copper) & Macro Outlook

South Korean government's second-half inflation target faces mounting pressure as international oil prices surged past $100 per barrel on July 23 amid escalating Middle East tensions. Brent crude futures for September delivery closed at $100.69 per barrel on July 23, marking the first time the

Bitcoin and Ethereum posted gains in the fourth week of July despite surging oil prices driven by Middle East geopolitical tensions, according to Xangle on the 25th. Bitcoin rose 1.79% to $65,045 during the week, while Ethereum climbed 1.96% to $1,877, supported by continued institutional inflows th

On July 24, emerging market ETFs fell 1.97%, dragging down the major asset class. Brent crude oil ETFs dropped 1.63%, while barclays convertible bond ETF and Nasdaq-100 ETF declined 1.64% and 1.12% respectively. U.S. real estate ETF led gainers with a 2.15% rise, followed by soybean fund up 0.73% an

On Friday (July 24), the U.S. dollar index (DXY) rose to 101.49, marking its strongest week in over a month with a 0.7% weekly gain. The dollar strengthened amid heightened Middle East tensions—including attacks on Saudi oil tankers in the Red Sea by Iran-backed Houthi forces—which pushed Brent

Hyperliquid recorded $26 billion in real-world asset (RWA) trading during July 13–19, marking the first time tokenized stocks and commodities surpassed crypto volume on the decentralized exchange. Lorenzo Valente, director of digital assets research at ARK Invest, announced Thursday on X that RWAs a

According to Kpler on July 23, vessel traffic through two critical Middle East maritime corridors showed diverging trends. The Strait of Hormuz experienced a notable decline in transit volume, while the Bab al-Mandab Strait, which connects the Red Sea and Gulf of Aden, saw traffic

According to COMEX, on July 24, August gold futures rose 0.17% to $4,057.20 per troy ounce in afternoon trading. The uptick follows a broader market adjustment, with crude oil prices falling for the first time in six trading days: WTI September futures dropped 3%, while Brent crude September

According to Jin10, crude oil prices fell significantly on July 24. WTI September futures dropped $2.88 to $89.31 per barrel, a decline of 3.12%, while Brent crude September futures fell $3.91 to $96.78 per barrel,

According to Money Today, South Korea's stock market declined during the week of July 20-24, with the KOSPI index falling 1.91% to close at 6,690.62. On Friday, July 24, the index plunged 5.72% in what traders dubbed a 'Black Friday,' driven by escalating Middle East tensions and concerns over

Vitol paid $5.9 billion to traders in 2025 as the energy trading company's annual profits fell by half compared to the previous year. The substantial bonus payout reflects the company's strong trading performance despite the overall decline in

US stocks closed mixed on July 24 (local time) as falling oil prices eased inflation concerns and strong corporate earnings offset a sharp decline in semiconductor stocks. The S&P 500 rose 0.05% to 7411.98, while the Nasdaq Composite fell 0.64% to 24975.83 and the Dow Jones Industrial Average

According to CNBC, credit spreads on Alphabet, Amazon, and Meta widened this week as fixed-income investors demanded higher compensation to lend to companies with heavy AI capital spending plans. The move came after Alphabet raised its capex forecast, raising concerns that other hyperscalers could f

According to CFTC data, speculators' net long positions in NYMEX WTI crude oil increased by 522 contracts to 86,905 contracts for the week of July 21, marking a three-week high.

According to CBOT data, Chicago corn futures rose 4.22% for the week ending Friday (July 24), closing at $4.8725 per bushel. Soybean futures gained 4.16% to $12.5250 per bushel, while soybean meal futures climbed 5.27% during the same period, extending gains as agricultural commodities

WTI September crude oil futures closed at $89.31 per barrel today (July 24), down $2.88 or 3.12%. The contract gained 9.21% over the week, marking the third consecutive weekly advance after four weeks of consecutive losses. NYMEX August natural gas futures settled at $2.8710 per million British

NYMEX August gasoline futures settled at $3.3959 per gallon on July 24, while August heating oil futures closed at $4.1806 per gallon.

During night session trading on July 24, Shanghai Futures Exchange crude oil 2609 contract fell 2.55% to 577.70 yuan per barrel. Shanghai gold rose 0.18% while Shanghai silver gained 1.39%.

According to ICE data, hedge funds' net long positions in Brent crude increased by 22,192 contracts to 192,031 in the week of July 21, marking a six-week high.

This week, ICE UK natural gas futures climbed 9.77% to close at 152.300 pence per therm on Friday, July 24. TTF Dutch natural gas futures, the European benchmark, gained 6.84% to 62.910 euros per megawatt-hour. ICE EU carbon emission allowances futures also advanced 5.59% to 82.98 euros per

U.S. oil rig count fell to 587 for the week of July 24, down from 588 in the prior week.