Commodities (Crude Oil & Copper) & Macro Outlook

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

According to Kpler, confirmed transits through the Strait of Hormuz fell to a three-week low on July 16, with only 8 passages recorded.

Brent crude oil hit $85 per barrel on July 17, climbing 1.06% intraday.

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Guru Club, Brent crude oil futures surged 2% to $85.942 per barrel on July 17.

According to IEA chief Fatih Birol, on July 16, global energy security will face a critical alert if oil transportation through the Strait of Hormuz is not restored within weeks. Speaking at an event hosted by the Council on Foreign Relations, Birol warned that current oil supply security remains a

According to Bloomberg, the European Commission has approved a proposal to reform the EU Emissions Trading System (EU ETS) after 2030. The plan slows the annual reduction rate of carbon emission limits to 3.7% between 2031 and 2035, then further to 1.7% from 2036 onward. For industries covered by th

Hongkong Transport Holdings (stock code 00554), parent company of Citybus, announced that ongoing Middle East crisis has driven diesel prices to surge over 100% since late February, rising from approximately $90 per barrel to over $200 per barrel, directly impacting its non-wholly owned subsidiary C

France published its national resilience plan for rare earths and permanent magnets in May 2026, aiming to secure critical metal supply and reduce dependence on overseas supply chains. The plan addresses the geopolitical risk posed by the current concentration of approximately 85% of global rare ear

According to the French government, France announced a National Resilience Plan for rare earths and permanent magnets in May 2026 to secure critical metal supplies and reduce dependence on overseas supply chains. The plan aims to rebuild a complete production chain spanning rare earth separation, al

WTI crude oil gained 1% intraday today, trading at $80.29 per barrel.

According to Jin10 Data, Eurozone inflation in June eased slightly with a monthly rate of -0.1%, driven primarily by falling energy prices down 1.8% for the month. Energy price inflation declined from 10.8% in May to 8.5% in June. Food price inflation also moderated, falling from 1.9% to 1.5%,

According to Bloomberg, Kuwait's power generation and desalination infrastructure sustained damage following an Iranian strike on July 17. Multiple generators at the power station were damaged, and fires broke out at both the desalination plant and power generation

According to CNBC, BP and ConocoPhillips plan to announce multi-billion-dollar investments in Iraq on Friday (July 18) during a U.S.-Iraq Business Summit in Washington. Iraqi Prime Minister Mohammed Shia al-Sudani will attend talks with U.S. officials and major energy executives. The combined inves

According to the London Metal Exchange (LME), base metal inventories declined across the board today (July 17). Copper inventory fell by 3,975 tons, the largest decline, followed by lead down 1,950 tons and nickel down 564 tons. Aluminum inventory decreased 1,500 tons, zinc fell 150 tons, and tin in

According to Shanghai Futures Exchange, copper inventory declined 20,362 tonnes this week, while nickel inventory increased 11,078 tonnes. Other metals showed decreases: aluminum fell 5,401 tonnes, lead dropped 1,361 tonnes, zinc declined 427 tonnes, tin fell 268 tonnes, and natural rubber

Gate News: According to the latest Gate TradFi data, COTTON (Cotton) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.