Commodities (Crude Oil & Copper) & Macro Outlook

U.S. oil rig count fell to 587 for the week of July 24, down from 588 in the prior week.

U.S. natural gas rig count rose to 127 in the week ending July 24, up one from the prior week's 126.

U.S. oil drilling rigs totaled 450 in the week ended July 24, down from 452 in the prior week.

According to LME, copper futures closed up $50 at $13,645/ton, while tin surged $455 to $53,781/ton. Nickel gained $146 to $17,379/ton, and aluminum fell $28 to $3,160/ton. Zinc rose $6 to $3,592/ton, lead dropped $6 to $1,887/ton, and cobalt closed flat at $56,290/ton.

According to Japan's Cabinet Office, the government released its FY2026 (April 2026–March 2027) economic report on July 24, citing multiple recovery challenges. The report attributed input inflation pressures partly to Middle East tensions, which have driven up international oil prices and raised co

On Friday (July 24), German 2-year bond yields fell 5.6 basis points to 2.829% as markets tracked oil price weakness. The 10-year bund declined 3.0 basis points to 3.172%. Across the eurozone, French, Italian, Spanish, and Greek 10-year yields rose 4.2–5.0 basis points on the week, trading

From 12:00 to 16:00 (UTC) on July 24, 2026, BTC traded in a tight range of 64,992.1–65,097.7 USDT, with an amplitude of 0.16%, a return of -0.03%, and an overall weak consolidation tone. Over the past 24 hours, BTC fell from a peak near $65,808 to around $64,406, down about 0.95%. The current price is on the lower end of the day; market volatility has risen somewhat, but the pullback remains relatively mild. The main driver behind this move is the ongoing escalation of the military conflict betw

US-Iran military conflict involving repeated strikes and Houthi militant attacks on oil tankers in the Red Sea has threatened the Strait of Hormuz, driving Brent crude oil prices past $100 per barrel. The escalation has triggered market fears of renewed global inflation and stagflation, weighing on

US Treasury bond prices showed modest strength on July 24 at 9:03 AM US Eastern Time, with the 10-year Treasury yield falling 1.90 basis points to 4.684%. The price uptick followed a correction in oil markets after crude prices had rallied for six consecutive trading days. The bond market

According to Yonhap Infomax, U.S. Treasury yields declined on July 24 morning, with the 10-year yield falling 1.90 basis points to 4.684% and the 2-year yield dropping 2.50 basis points to 4.335% as of 9:03 a.m. ET. The decline reflects profit-taking in crude oil markets after recent sharp gains, w

From 14:45 to 15:00 (UTC) on July 24, 2026, BTC saw a slight uptick of 0.36% in the short term, trading within a price range of 63,739.0–64,057.5 USDT and an amplitude of 0.50%. Although the 15-minute candlestick closed green, over the prior 24 hours BTC had fallen from a peak of about $65,808 to around $64,406, a drop of roughly 0.95%. Overall, it remains in the lower end of the day’s range, with the market focused on geopolitical conflict and macro risk-hedging sentiment. The core driver behin

The US dollar index traded at 101.414 on the 24th at 8:13 AM Eastern Time, down 0.023 points (0.023%) from 101.437, per Yonhap Infomax. The dollar recovered to neutral after crude oil rebounded amid US-Iran military conflict. Eurozone services expansion data initially pressured the currency, but

According to Yonhap, on July 24, the U.S. dollar declined 0.023 points to 101.414 as oil prices rebounded amid escalating U.S.-Iran military tensions. The Iranian Islamic Revolutionary Guard Corps (IRGC) and Iran's regular military announced strikes on U.S. bases in Kuwait and Bahrain, extending the

SC crude oil main contract weakened during intraday trading on July 24, declining 3.02% to 574.9 yuan per barrel. Trading volume reached approximately 23.921 billion yuan, with net position reduction of nearly 600 contracts and overall holdings declining

According to Houthi movement spokesman Muhammad Abdulsalam, on July 24, the group clarified that the Mandeb Strait is not closed, with recently announced naval measures targeting only shipping related to Saudi Arabia. The Houthis described the maritime restrictions as a response to Saudi's

According to a recent statement, the U.S. Treasury Department has issued a revised general license pertaining to Russia in connection with Lukoil, the Russian oil company.

Between 13:00 and 14:00 UTC on July 24, 2026, BTC saw a sharp short-term drop of 0.62%. The price fell from 64,799.6 USDT to 64,359.2 USDT, with an amplitude of 0.68%. The current price is trading in the lower range of the day. Safe-haven sentiment is rising, and risk assets are broadly under pressure. The main driver behind this move is the ongoing escalation of the U.S.-Iran military conflict. For the 13th consecutive night, the U.S. military carried out airstrikes on Iran’s military targets.

From 13:45 to 14:00 (UTC) on July 24, 2026, BTC saw a sharp drop of 0.41% within 15 minutes, trading in the $63,916.2–$64,434.7 USDT range, with a range (amplitude) of 0.80%. Geopolitical risk has surged sharply, with a clear increase in risk-hedging sentiment; price is trading in the lower part of the day. The main driver behind this move is the continued escalation of the military conflict between the U.S. and Iran. For the 13th consecutive night, the U.S. military carried out airstrikes on Ir