Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures, on May 14, ICE raw sugar futures fell 2.5% to 15 cents per pound Thursday, reversing a four-day rally, while white sugar declined 2.8% to $442.80 per metric ton. The decline was driven by ample supply from Brazil's key central-southern region, where sugar output is

Canadian Prime Minister Chrystia Carney will announce an agreement on pipeline infrastructure with the province of Alberta on Friday, May 15.

Citgo, the U.S. refiner owned by Venezuela, reported a first-quarter profit of $157 million, a sharp turnaround from a $82 million loss in the same period last year. The improvement was driven by a significant increase in refining capacity utilization. The company processed an average of 851,000

The U.S. Energy Information Administration (EIA) will release its weekly natural gas inventory report for the week ending May 8 in approximately 10 minutes.

According to remarks delivered on Thursday at the Kansas City Federal Reserve banking conference, Federal Reserve Vice Chair Beth Schmeltzer said inflation remains the primary risk facing the U.S. economy, though it has declined significantly from its peak. Speaking in her regional address, Schmeltz

According to Russia's Finance Ministry, the country's Urals crude export tax base price reached its highest level since October 2023 on May 14, at $94.87 per barrel. Tax authorities will use this price and an exchange rate of 76.938 rubles per dollar to calculate May oil production taxes. The

Canadian Prime Minister Kanie announced that Canada and Alberta Province will advance a pipeline project to transport at least 1 million barrels of Alberta oil per day to new markets.

According to Gate, gold prices fell to $4,685.95 per ounce with a 0.07% intraday decline, while silver dropped to $85.21 per ounce, down 1.83% on May 14. Cryptocurrency volatility indices also shifted: BTC Volatility Index (BVIX) rose 1.66% to 39.85, and ETH Volatility Index (EVIX) gained 0.7% to 5

According to Lloyd's List, traffic volumes through the Hormuz Strait increased this week as more vessels disabled their Automatic Identification System (AIS) tracking signals amid persistent regional risks. Oil tanker owners are preparing for prolonged shipping disruptions. Current traffic remains s

Canada's wholesale inventories increased 2.7% month-over-month in March, rebounding from a 0.3% decline in the previous month.

The U.S. April export price index climbed 3.3% month-over-month, significantly outpacing the forecast of 1.1%. The prior month's reading was revised upward from 1.60% to 1.5%.

The U.S. Import Price Index rose 4.2% year-over-year in April, surpassing economist expectations of 3.1% and the prior month's 2.1% increase, according to U.S. government data.

U.S. export prices for April increased 8.8% year-over-year, exceeding the 7% forecast and prior month's 5.6% gain. The stronger-than-expected reading marks a 1.8 percentage point beat versus consensus expectations.

According to Jin10, Israeli Defense Minister Katz stated on May 14 that Israel's mission in Iran remains incomplete and the country may take further action in the near future to achieve its objectives.

According to the China Association of Construction Machinery Manufacturers, equipment exports reached $16.066 billion in the first quarter of 2026, up 24.3% year-over-year. Exports to Africa surged 61.6%, reaching $2.825 billion, while shipments to Europe and North America grew 20.6% and 7%

Brent crude oil fell below $102/barrel today, declining 1.06% intraday as global energy markets continue to adjust to shifting supply and demand dynamics.

According to Jin10 Futures and Longzhong Information on May 14, average float glass profit margins rebounded 2.47 yuan per ton to minus 98.38 yuan/ton for the week of May 8-14. Among three fuel types, natural gas-fired float glass averaged minus 132.80 yuan/ton (up 2.15 yuan/ton week-over-week),

According to Iran's state television, since last night, Iran has allowed 30 vessels to transit through the Strait of Hormuz.

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

According to multiple representatives cited by foreign media on May 14, OPEC+ key members plan to continue phasing in production increases over the coming months to restore the remaining portion of previously suspended capacity by the end of September. The group has formally agreed to recover