Commodities (Crude Oil & Copper) & Macro Outlook

According to Tasnim News Agency, Iran's basket crude oil price has surpassed $80 per barrel.

On July 17, 2026, from 17:00 to 17:15 UTC, BTC saw a modest short-term uptick, with a Return % of +0.58%. The price ranged from 63,593.0 to 64,139.5 USDT, with an Ampl of 0.86%. Over the past 24 hours, BTC traded in a narrow range, with a 24h move of only -0.48%. The current price is around $63,987. The market is waiting for a clearer directional catalyst, and trading sentiment is leaning toward caution. The main driver behind this move is a macro hedging narrative battle fueled by the continued

According to a statement from ConocoPhillips on July 17, the company agreed to acquire a 42% stake in BP's Kirkuk oil field in Iraq, a major project supporting the conflict-hit nation's energy recovery. The transaction encompasses over 3 billion barrels of oil equivalent with additional

U.S. total oil rig count rose to 588 in the week ending July 17, 2026, up 7 from 581 in the prior week.

U.S. oil drilling rigs totaled 452 for the week ending July 17, up from 445 in the prior week, according to weekly data.

The U.S. natural gas rig count remained at 126 for the week ended July 17, unchanged from the prior week.

The U.S. oil rig count for the week ending July 17 is scheduled to be announced within the next ten minutes.

Gate News: According to the latest Gate TradFi data, OJUICE (Orange Juice) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to the University of Michigan, U.S. consumer confidence rose to 54.4 in July (released today, July 17), up from 49.5 in June, exceeding economist expectations of 51.0. The surge was driven primarily by declining gasoline prices, which eased household living cost pressures. The one-year

From 15:45 to 16:00 (UTC) on July 17, 2026, BTC rose 0.39% within 15 minutes, hitting a price range of 63,142.2–63,450.6 USDT and an amplitude of 0.49%. Despite a modest short-term rebound, over the past 24 hours BTC has fallen from the $64,900.7 high to around $63,372.4, marking a cumulative drop of about 1.91% and suggesting an overall mild pullback. Market attention is high, volatility has increased, but candlestick trading volume is low (178.25 BTC/hour). The order book depth is extremely sh

US Treasury bond prices rallied across maturities during the trading session, with the 10-year Treasury yield falling 5.40 basis points to 4.514% as of 9:37 AM Eastern Time. The bond market rally was driven by intensified risk-aversion sentiment as the US-Iran military conflict escalated and US

According to Yonhapinfomax, the 10-year U.S. Treasury yield fell 5.40 basis points to 4.514% on July 17 (U.S. Eastern time, 9:37 a.m.), as risk-averse sentiment intensified amid escalating U.S.-Iran military conflict. The 2-year yield declined 3.40bp to 4.122%. U.S. equity markets plunged, with the

On Friday (July 17), ICE UK natural gas futures surged 5.58% to 140.170 pence/therm, with weekly cumulative gains reaching 19.61% since the rebound from June 25. TTF benchmark Dutch natural gas futures rose 5.01% to 57.935

On Friday, July 17, major stock indices globally declined sharply. Japan's Nikkei 225 fell 4%, China's Shanghai Composite dropped 3.05%, and the Hang Seng Index slid 1.78%. Nasdaq 100 futures fell 2% in pre-market trading. The selloff coincided with escalating tensions in the Middle East, where U.S.

Bitcoin price moved toward $62,000 on July 17 as US military strikes on Iran intensified, pressuring risk markets globally. The cryptocurrency fell to an intraday low near $62,636 before recovering slightly above $63,000, while US stock futures declined and oil prices remained elevated near $85

U.S. import prices excluding gasoline increased 0.5% month-over-month in June, beating forecasts of 0.4% and down from the prior month's 0.8% gain, indicating a moderation in import price pressures.

U.S. import prices increased 0.3% month-over-month in June, surpassing economist expectations of a 0.7% decline. Additionally, the prior month's figure was revised downward to 1.7% from the initially reported 1.9%.

U.S. export prices fell 0.6% month-over-month in June, according to Labor Department data, undershooting economists' forecast of -0.4%. The prior month's figure was revised upward to 1.2% from the initially

According to Jin10 on July 17, India proposed new fuel efficiency standards for passenger vehicles to reduce oil imports and lower emissions, one of the main sources of urban pollution. The new standards will apply to vehicles produced over the next five years through March 2032, with consumption

According to industry sources, Kazakhstan exported its first shipment of 1,000 tons of gasoline to Russia's central regions on July 17. The supply comes as Russia faces gasoline shortages due to ongoing Ukrainian drone strikes on Russian refineries. To address fuel supply constraints, Russian