Commodities (Crude Oil & Copper) & Macro Outlook

According to BlockBeats, the U.S. Strategic Petroleum Reserve fell by 5.1 million barrels last week, dropping to 311.4 million barrels, the lowest level since 1983.

From 15:45 to 16:00 (UTC) on July 20, 2026, BTC saw a slight short-term rise of 0.55% within 15 minutes, trading in a range of 65,241.6–65,662.2 USDT, with an Ampl of 0.64%. Market volatility was limited, but geopolitical risk-off sentiment became the main short-term focus. The core driver behind this move is the ongoing escalation of the military conflict between the US and Iran. The US carried out a ninth consecutive night of military strikes on Iran. Iran threatened to blockade the Strait of

From 15:00 to 16:00 (UTC) on July 20, 2026, BTC rose 0.85% over the hour. Its price range was 64,415.9 to 64,985.7 USDT, with an amplitude of 0.88%. The price rebounded from the low to around 64,955, edging close to the 24-hour high. Safe-haven sentiment has improved, but overall trading volume remains low, with limited market participation. The main driver behind this move is the ongoing escalation of the military conflict between the US and Iran. The US carried out airstrikes on multiple Irani

According to Yonhapinfomax, U.S. 10-year Treasury yields rose by 2.50 basis points to 4.567% on July 20 (EDT morning), while 2-year yields climbed 2.60 basis points to 4.198%. Bond prices fell as inflation concerns stemmed from intensifying U.S.-Iran military operations and Houthi forces'

According to a Chevron statement, the company is shutting down oil production at its Petronius platform in the Gulf of Mexico and evacuating all personnel to land in response to an approaching tropical storm. Chevron said oil production at its other Gulf of Mexico operations continues at normal

From 15:00 to 15:15 UTC on July 20, 2026, BTC rapidly surged in the short term. Within 15 minutes, the return rate reached +0.88%. The price rose from 64,415.9 USDT to 64,985.7 USDT, with an amplitude of 0.88%. Over the past 24 hours, BTC is up about 0.77%, recovering from a low near $63,734 to around $64,955, with the overall trading range remaining at $63,733.8–$65,106.6. The main driver of this unusual move is the continued escalation of the military conflict between the US and Iran, which ha

Yemen's Houthi rebels announced a maritime blockade against Saudi Arabia on May 20 (local time), with spokesman Yahya Sarim Sari declaring immediate enforcement of the measure. The blockade represents retaliation for Saudi Arabia's nearly 12-year blockade of Yemen, which the Houthis claim has

According to Trensik, a platform tracking verified real-world assets on the XRP Ledger (XRPL), tokenized U.S. Treasuries surged from $50 million in April 2025 to $418.5 million by April 2026, marking an 8x increase in one year. The sharp rise reflects growing institutional demand for regulated,

According to Shanghai Nonferrous Metals, the import copper premium over domestic copper widened to $100 per ton last Friday, up from $20 per ton in late January and marking the first time the premium has reached three digits since May last

According to Russia's Foreign Ministry spokesperson Maria Zakharova on July 20, Ukraine conducted the fifth attack on Caspian Pipeline Consortium (CPC) tankers at the sea terminal between July 17-20. Multiple vessels servicing Kazakhstani oil operations were struck by drone attacks, resulting in

From 13:45 to 14:00 (UTC) on July 20, 2026, BTC fell 0.48% on the 15-minute candlestick timeframe, with a price range of 64,209.4–64,760.9 USDT and an Ampl of 0.85%. Market volatility intensified, and the Filled Amount was low, indicating that short-term funds’ risk-avoidance sentiment is heating up. The main drivers behind this abnormal move are the ongoing escalation of the U.S.-Iran military conflict. For the ninth consecutive night, the U.S. military carried out airstrikes in Iran. Iran thre

According to a company statement, Antofagasta Plc strengthened emergency response measures Monday at its Los Pelambres copper mine in central Chile as severe winter weather impacts the region. The company deployed heavy equipment to clear roads and support surrounding communities while protecting on

Brent crude oil surged to $88.26 by press time following a series of Iranian attacks on vessels in the Strait of Hormuz and subsequent U.S. air raids on Iran, which triggered Iranian missile launches against neighboring countries hosting American assets. The escalation occurred after Brent crude

According to MarketWatch, Brent crude oil surged to $88.26 by mid-July 2026 amid escalating Iranian military actions against vessels in the Strait of Hormuz and retaliatory U.S. air raids. Iranian missile attacks on regional American assets prompted the Pentagon response, raising geopolitical

According to Toronto-Dominion Bank managing director and senior economist Leslie Preston, recent weeks' oil price gains could erase downward pressure from lower gasoline prices on Canada's July CPI. The bank's report notes that despite oil prices remaining below recent highs, it still expects Canada

U.S. stock futures climbed early Monday, with Nasdaq futures rising 0.7%, S&P 500 futures gaining 0.35%, and Dow futures up 0.3% as of 06:00 am ET, as investors sought to rebound from Friday's losses when the Nasdaq fell 1.4%, the S&P 500 dropped 1%, and the Dow declined 0.8%. The rally came

Early Monday, U.S. stock futures climbed as investors rebounded from last week's losses, with Nasdaq futures rising 0.7%, S&P 500 futures gaining 0.35%, and Dow futures up 0.3% as of 06:00 am ET. Lockheed Martin (LMT) stock rose in premarket trading after unveiling two new defense systems to

According to oil market researcher Rory Johnston, oil transport through the Hormuz Strait dropped to approximately 4 million barrels per day based on a 10-day moving average on July 20. The flow represents a steep decline from roughly 15 million barrels daily in late June, marking the lowest level s

According to Xinhua, the United Arab Emirates' non-oil foreign trade reached 1.937 trillion AED (approximately $528 billion) in the first half of 2026, up 13.1% year-over-year and marking a new historical

Shanghai Crude Oil futures fell 2.00% intraday, trading at 526.80 yuan per barrel on July 20.