Commodities (Crude Oil & Copper) & Macro Outlook

Shares of crypto-linked companies traded lower in pre-market trading on Wednesday, tracking a broader sell-off in U.S. equities after oil prices climbed to a five-week high, with Brent crude pushing past $95 a barrel amid escalating Middle East tensions. Robinhood (HOOD), Coinbase (COIN),

President Donald Trump threatened on Wednesday to destroy Iranian bridges and power plants in retaliation for any attacks on ships in the Strait of Hormuz. "Any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or

From 16:30 to 16:45 UTC on July 22, 2026, BTC saw a slight short-term increase of 0.39%, with a price range of 66,015.5–66,393.2 USDT and an Ampl of 0.57%. Although the candlestick chart showed a minor rebound, over the past 24 hours BTC has accumulated a decline of about 0.72%, and the current price is around 66,145 USDT. Overall, the market remains in a narrow-range consolidation, with trading volume staying low (the 4-hour candlestick chart shows only 514 BTC), indicating limited market parti

According to the London Metal Exchange (LME), metal futures closed mixed today. Copper futures declined 77 to 13,808 per ton, while nickel led gains, rising 149 to 17,234 per ton. Aluminum, zinc, lead, and tin also posted gains, up 34, 40, 28, and 37 respectively. Tin closed

In early July, Ukrainian military shifted its strike focus from large-scale oil refineries to tanker ships, allowing Russian regions to report easing fuel shortages. Regional officials have informed residents of increased and more stable fuel supplies, with some areas gradually raising gasoline

According to Guru Club, Chinese commodity futures closed mostly higher during the night session on July 22, with agricultural oils and fats leading gains. DCE soybean meal surged 1.69%, while SHFE fuel oil climbed 1.35%. Energy products advanced across the board, and black series commodities

According to Bankless co-founder David Hoffman, oil prices may trade between $75 and $95 per barrel during the second phase of U.S.-Iran tensions on July 22, falling short of first-phase highs. Even within this range, oil levels would remain unfavorable to global inflation

According to Yonhapinfomax data, on July 22 at 8:37 a.m. ET, the U.S. 10-year Treasury yield rose 1.20 basis points to 4.64%, while the 2-year yield climbed 0.80bp to 4.272% and the 30-year yield increased 1.00bp to 5.14%. The Treasury market continues to reflect inflation concerns amid ongoing U.S.

War-risk insurance premiums for oil tankers crossing the Strait of Hormuz surged nearly 1,900% as of July 22, according to an analysis by Devere Group, a global financial advisory and asset management firm. The increase followed U.S. Central Command's 11th consecutive night of strikes against

According to Devere Group, war-risk insurance premiums for tankers crossing the Strait of Hormuz surged nearly 1,900% on July 22 following continued U.S. Central Command strikes against Iran, far outpacing crude oil's 4% gain. For a $100 million tanker, the insurance cost for a single transit

CBOT wheat futures rose 4.0% to 705.5 cents per bushel intraday on July 22, while corn futures gained 2.0% to 485.75 cents on the same session.

According to the U.S. Energy Information Administration (EIA), American jet fuel demand reached a record high last week.

Between 14:15 and 14:30 UTC on July 22, 2026, BTC saw a sharp short-term drop of 0.42%, with a price range of 65,594.0–65,905.6 USDT and an amplitude of 0.47%. Earlier, BTC fell from the intraday high of $66,654 to around $65,928, with a cumulative 24-hour drop of 1.22%. Trading volume is extremely thin (only 286 BTC on the 4-hour candlestick chart), order book depth is very shallow, and both sides are concentrated in a narrow price range—small amounts of capital are enough to trigger short-term

According to the U.S. Energy Information Administration (EIA), U.S. Midwest crude oil inventories fell to their lowest level last week since December 2014.

Senegal plans to export 95,000 barrels per day of Sangomar crude oil in September, according to local reports. The Sangomar field is one of West Africa's major oil production assets.

On July 22, 2026, the U.S. Dollar Index (DXY) continued its upward trend, rising for the fourth consecutive trading day and briefly trading above the 101 level intraday. Prior to that, over the previous week the DXY had been hovering around 100.76; within just a few days, the dollar completed the shift from consolidation to breakout. This leg of dollar strength was directly triggered by two directions. One was the rapid escalation of geopolitical risk in the Middle East—U.S. forces launched atta

The US Department of Defense signed a four-year rare earth agreement worth $96 million with Australian mining company Lynas in March, triggering protests in Malaysia where the company's main processing facility is located. Over 50 non-governmental organizations sent an open letter to Malaysian

According to the U.S. Energy Information Administration, in the week ended July 17, U.S. gasoline production declined to 9.7539 million barrels per day from 9.8097 million barrels per day the previous week.

According to EIA data, as of the week ending July 17, U.S. domestic crude oil production declined at the steepest rate since the week of January 30, 2026. In the same period, the Strategic Petroleum Reserve inventory dropped to its lowest level since the week of

According to EIA data released this week, U.S. distillate fuel oil production demand rose to 5.33 million barrels per day for the week ended July 17, up from 4.70 million barrels per day in the prior week.