Commodities (Crude Oil & Copper) & Macro Outlook

US stock futures showed mixed movement early Friday as geopolitical tensions escalated in the Middle East and President Donald Trump unveiled sweeping new tariffs. Iran rejected a US ceasefire proposal mediated by Iraq, while Trump signaled major military strikes could be under consideration. The mi

According to South Korea's Financial Services Commission, on July 24, the country announced it would advance mandatory margin requirement increases for leveraged stock ETFs to July 31, raising the minimum deposit for single-stock leverage trading from 10 million won to 30 million won. The KOSPI

Early Friday, Iran rejected a U.S. ceasefire proposal mediated by Iraq amid escalating Middle East tensions, while President Trump unveiled sweeping new tariffs targeting roughly 60 trading partners with duties of 10% to 12.5%, citing alleged forced-labor practices. Brent crude surged past $100

WTI crude oil declined 2.5% intraday on July 24, trading at $89.88 per barrel.

According to BlockBeats, Michael Burry warned on July 24 to watch long-term U.S. Treasury debt amid multiple market pressures. These include rapid expansion of AI-related debt, rising inflation volatility, unstable basis trading, and oil prices approaching $100 per barrel. Burry also noted

According to ECB Governing Council member Kochlr, the September meeting will be particularly important as the central bank will gain better understanding of how energy market developments affect inflation.

According to the London Metal Exchange (LME), today inventories fell across six base metals: zinc down 275 tonnes, tin down 140 tonnes, copper down 4,650 tonnes, lead down 475 tonnes, aluminum down 2,400 tonnes, and nickel down 1,206 tonnes.

According to China Petroleum & Chemical Corporation, today on July 24, the nation's first state-level shale oil demonstration zone in a continental rift basin -- the Shengli Jiyang Shale Oil Demonstration Zone -- was officially completed. Located in Shandong Province with a total area of 7,300

According to ING analysts, Brent crude is expected to post over 12% gains this week despite intraday weakness. The benchmark crude fell 1.3% to $99.39 per barrel on July 24, while WTI crude dropped 1.4% to $90.89 per barrel. Red Sea shipping risks have fueled concerns over further supply

Tanker traffic through the Strait of Hormuz fell to its lowest level in approximately two and a half months on July 23 (local time), with only one vessel exiting and zero entering, according to ship tracking firm Kpler cited by Nikkei Asia. The single departing tanker was the VLCC 'New Giant,'

According to ship tracking company Kpler, only 1 tanker passed through the Hormuz Strait on July 23, marking the lowest level since May 7 and the first time no new vessels entered the waterway. The slowdown comes as Middle East transit risks persist and crude oil prices break above $100 per

Brent crude oil declined 2.00% intraday to $93.02 per barrel on July 24.

From 07:00 to 07:15 UTC on July 24, 2026, BTC inched up 0.45% over 15 minutes. The trading range was 65,473.9–65,769.0 USDT, with an Ampl of 0.45%. Over the past 24 hours, BTC has moved only -0.10%, trading in a tight range around $65,300–$65,800, and the market is in a wait-and-see mode ahead of a directional breakout. The current Filled Amount is just 104.61 BTC, indicating extremely low participation, and the Order Book shows only 1 level of depth, with liquidity extremely limited. The main d

According to Jin10 and the Shanghai Futures Exchange, warehouse receipts for pulp futures rose to 322,488 tons on July 24, up 2,968 tons from the previous trading day. Fuel oil futures inventory declined to 23,010 tons, down 2,950 tons, while asphalt futures factory warehouse receipts fell to 18,210

The USD-JPY exchange rate traded at 163.824 yen on July 24 at 1:42 PM, up 0.01% from the previous session, as intervention concerns intensified in the upper 163-yen range. The pair briefly touched 163.932 yen amid dollar strength driven by escalating Middle East tensions. Japanese Finance Minister

According to Ko Nakayama from Okasan Securities (reported by Jin10 on July 24), Japan's inflation outlook faces heightened upside risks as recent yen weakness and rising crude oil prices intensify cost pressures. Government data released Friday showed a modest rebound in consumer inflation for

Dongkuk Steel recorded operating profit of 45.6 billion won in the second quarter, the company disclosed on the 24th. Revenue reached 995.5 billion won, representing an 11.4% increase, while operating profit surged 52.31% year-over-year. The performance was driven by seasonal peak demand and increas

According to Yonhap Infomax, Dongkuk Steel Group disclosed its Q2 results on July 24, reporting consolidated operating profit of 45.6 billion Korean won, up 52.31% year-over-year, and revenue of 999.5 billion won, up 11.4% year-over-year. The results exceeded market consensus estimates of 930.3 bill

According to Jin10, on July 24, Brent crude oil broke above $100 per barrel for the first time since May, while European natural gas surged past $750 per thousand cubic meters for the first time since March 19. The EU agreed to freeze Russian oil price caps for 12 months and extend liquefied natural

Japan's Ocean Research and Development Agency (JAMSTEC) announced that seabed mud extracted near Minamitorishima Island contains medium-heavy rare earths essential for high-tech manufacturing. The drilling ship 'Chikyu' retrieved approximately 50 tons of mud from 6,000 meters depth in the island's e