Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Coast Guard, an offshore oil platform near Santa Barbara County, California caught fire today (May 11), with 26 workers evacuated to safety. Two people sustained injuries in the incident. The Coast Guard, Santa Barbara Harbor Patrol, and local fire departments coordinated

On Monday (May 11), U.S. Brent Oil Fund led gains across major asset class ETFs, rising 3.6%. Fear gauge long ETF climbed 1.46%, agricultural commodities fund gained 1.29%, and Barclays U.S. Convertible Bond ETF increased 1.26%. Russell 2000 Index ETF, Nasdaq-100 ETF, S&P 500 ETF, gold ETF, and

According to The Wall Street Journal, the United Arab Emirates has conducted military strikes against Iran, with attacks including a strike on an oil refinery on Ras Lavan island, according to people familiar with the

According to the U.S. Department of Energy, the agency has made available 92.5 million barrels of crude oil from the Strategic Petroleum Reserve for borrowing. To date, 53.33 million barrels have been loaned out under this

According to Bloomberg, the U.S. Strategic Petroleum Reserve released a record 1.22 million barrels per day in the week ended May 8, bringing total inventory to 384.1 million barrels. The weekly drawdown of 8.6 million barrels exceeded the previous record of 8.4 million barrels set on

According to ICE data, New York cocoa futures surged 12.34% to $4,698 per ton on Monday (May 11), with London cocoa futures rising 10.66% on the same day.

According to Bloomberg, CBOT wheat futures rose 2.79% on May 11 as the Bloomberg Commodity Index gained 1.08%. CBOT corn futures advanced 0.69%, while soybeans rose 0.25% to $12.11 per bushel. Live cattle futures climbed 0.30% before reversing course as U.S. President Trump commented on beef

U.S. natural gas futures surged 6.00% intraday on May 11, reaching $2.923 per million British thermal units (MMBtu).

A fire broke out at HF Sinclair's refinery in Oklahoma today, according to market reports. Heavy smoke was visible at the facility.

According to Jin10 Data, Shanghai precious metals and crude oil futures closed on May 12 at 2:30 AM with mixed gains. Shanghai Gold futures rose 0.45% to 1,036 yuan per gram, while Shanghai Silver futures surged 6.41% to 21,142 yuan per kilogram. SC Crude Oil futures edged up 0.11% to 633 yuan per

According to a Reuters/Ipsos survey, 63% of Americans reported that rising oil prices have impacted their household finances, up from 55% in March.

According to the American Automobile Association (AAA), a record 39.1 million Americans are expected to take road trips exceeding 50 miles during Memorial Day weekend 2026. Current gasoline prices are holding above $4.50 per gallon, a significant increase from $3.17 per gallon during the same

According to White House officials, President Trump will sign an executive order on Monday (May 12) to increase beef imports and support recovery of the U.S. cattle herd.

LME copper futures rose 2.6% today, reaching $13,930 per ton on its sixth consecutive trading day of gains, approaching the January 29 high of $14,527. LME tin surged 3.5% to $54,970, marking its highest level since March 2, while aluminum gained 2.1% to $3,576.

According to CBS, President Trump stated today that he does not intend to provide a bailout to the airline industry in response to rising aviation fuel prices.

COMEX copper prices rose 3% to $6.49 per pound today, marking the highest intraday level since January 29.

LPG rose 3.2% during the night session on May 11, while low-sulfur fuel oil gained 0.8% and soda ash increased 0.6%.

According to EnaGas, Spain's natural gas imports fell to 28,732 GWH in April, down 12.7% from 32,903 GWH in the same period last year. LNG accounted for 65.3% of imports, with pipeline deliveries comprising the

According to BlockBeats, on May 11, President Trump announced a temporary suspension of the federal gasoline tax.

According to CBS, President Trump recently called for a pause on the federal gas tax.