Commodities (Crude Oil & Copper) & Macro Outlook

According to Newsis, U.S. stock indices declined overnight on July 20 as Middle East geopolitical risks and surging oil prices weighed on investor sentiment. The Dow Jones Industrial Average fell 0.59% to 51,839.26, the S&P 500 dropped 0.19% to 7,443.28, and the Nasdaq declined 0.05% to 25,508.07.

According to Guru Club, WTI crude oil rose 0.9% to close at $83.23 per barrel on July 21, following significant price volatility driven by U.S. airstrikes on Iran and subsequent ceasefire negotiations. Oil prices initially surged on the military action before retreating on diplomatic developments re

According to Shanghai Securities Report, as of July 20, 28 oil and petrochemical listed companies have disclosed first-half earnings guidance. Among them, 15 companies reported profit growth, while 5 achieved profitability or reduced losses. The gains were driven by Middle East geopolitical

According to Yonhapinfomax, the U.S. dollar strengthened on July 20 as Houthi rebels declared an immediate naval blockade on Saudi Arabia, triggering concerns over disruption to oil shipments through the Red Sea. The dollar index (DXY) rose to 100.952, up 0.223 points or 0.221%. The dollar-yen

According to Xinhua News Agency, a Kuwaiti-flagged oil tanker came under attack near the eastern entrance of the Strait of Hormuz on the evening of July 20. The fuel tank caught fire, producing heavy smoke from the damaged area. Two crew members sustained light injuries. The crew reported being

US Treasury yields rose on the 20th, with the 10-year note climbing 5.60 basis points to 4.5980% as of 3pm Eastern Time, as Yemen's Houthi rebels declared a maritime blockade against Saudi Arabia and UK Prime Minister Andy Burnham stated his government would use "all flexibility" within existing

According to Jayati Bharadwaj, head of foreign exchange strategy at TD Securities, the US dollar is likely to remain near current levels ahead of November midterms, given risks of a full-scale conflict between the US and Iran after the elections. Bharadwaj stated that a complete escalation of

On July 20, spot gold fell 0.22% to $4,008.35 per ounce, trading near the $4,000 psychological level after oscillating between $4,000 and $4,040.52 intraday. COMEX gold futures declined 0.15% to $4,012.80. Spot silver rose 0.90% to $56.42, while COMEX copper futures surged 1.25% to $6.343 per

Steel Dynamics reported net sales of $6.1 billion in the second quarter, exceeding analyst expectations of $5.58 billion. The result reflects a 9.3% beat versus consensus estimates.

On Monday, the Trump administration announced an incentive program allowing companies that build, expand, or renovate aluminum facilities in the United States to import the metal at reduced tariffs. Eligible companies will see aluminum import tariffs reduced from 50% to approximately 25%,

US stocks declined on May 20 (local time) as the S&P 500 fell 0.19% to 7443.28, the Nasdaq dropped 0.05% to 25508.07, and the Dow Jones declined 0.6% to 51839.26, driven by ongoing US-Iran military tensions that caused oil price volatility and investor caution ahead of Big Tech earnings reports

According to E Daily, U.S. stock indexes fell on July 20 amid military tensions between the U.S. and Iran, though declines narrowed after Iran signaled willingness to negotiate. The S&P 500 index closed down 0.19% at 7,443.28, the Nasdaq Composite fell 0.05% to 25,508.07, and the Dow Jones

On Monday, July 20, various U.S. asset class ETFs posted mixed results. Declining assets included the fear index ETF, down 1.60%; U.S. long-duration Treasury ETF, down 0.75%; Russell 2000 ETF, down 0.59%; Dow Jones ETF, down 0.55%; and Real Estate ETF, down 0.54%. Meanwhile, rising assets included

On Monday (July 20) at New York close, CBOT soybean futures rose 1.83% to $12.25 per bushel, while corn futures gained 1.07% and wheat futures fell 1.46%, according to Bloomberg commodity data. The Bloomberg Grains Index advanced 0.57% to 32.0544 points. Soybean meal futures also gained 1.51%, while

Yemen's Presidential Leadership Committee announced it will push to resume oil exports starting Monday, July 21.

From 18:30 to 18:45 (UTC) on July 20, 2026, BTC saw a sharp short-term dip of 0.38% within 15 minutes, slipping back into the $65,346.3–$65,595.8 USDT range, with an amplitude of 0.38%. This move was accompanied by a Filled Amount of 633.48 BTC, which is relatively low, indicating limited market participation; overall, the market is showing a weak consolidation pattern. The main driver behind this sharp short-term decline is the continued escalation of the geopolitical conflict between the US an

On July 20, WTI crude oil August futures closed at $83.23 per barrel, up 0.74 dollars or 0.90%. NYMEX August natural gas futures settled at 2.86 dollars per million British thermal units. NYMEX August gasoline futures closed at 3.3890 dollars per gallon, while August heating oil futures settled at

According to Jin10, Shanghai gold futures closed up 0.05% at 875 yuan per gram on July 21 night session (2:30 close), while Shanghai silver futures rose 1.13% to 13,840 yuan per kilogram. SC crude oil futures fell 0.43% to 535 yuan per

According to Shanghai Futures Exchange, crude oil futures (Sept. 2026 contract) closed down 0.43% at 535.30 yuan per barrel during overnight trading on July 20. Meanwhile, Shanghai gold (Au T+D) rose 0.05% and Shanghai silver (Ag T+D) gained 1.26% in the same

Germany's Economy Ministry announced on Monday that a funding request for pipeline upgrades at PCK Raffinerie GmbH in Schwedt has been suspended pending completion of a state aid review. The refinery, which was previously cut off from Russian crude oil supplies, was seeking to install alternative pi