Commodities (Crude Oil & Copper) & Macro Outlook

On July 16, Chinese metal futures closed with mixed performance on the night session. Base metals posted gains led by Shanghai lead, which surged 1.57%, followed by Shanghai nickel up 0.61%, Shanghai tin up 0.53%, Shanghai zinc and aluminum each up 0.39%, while international copper rose 0.01% and Sh

The National Association of Home Builders (NAHB) announced on July 16 local time that the US Housing Market Index (HMI) fell 2 points to 34 in July, missing the market expectation of 35. The decline reflects persistent affordability challenges driven by high mortgage rates, expensive land, rising ma

According to Kpler data and sources familiar with the flows, Iraq's crude oil loadings more than doubled in the first half of July, reaching approximately 1.2 million barrels per day, compared with about 500,000 bpd in June. The increase comes after several months of restricted exports, with

Australian Treasurer Jim Chalmers blocked Chinese investors from exercising control over Northern Minerals, a rare earth mining company, through orders issued in April and May. The government required shareholders to divest their stakes after discovering Chinese-linked ownership structures, but

According to the Iraqi Oil Ministry statement on July 16, oil loading operations at southern ports continue normally. The ministry confirmed that while an unidentified object was reported to have fallen near a tanker in Iraqi southern waters, no fire or vessel damage resulted from the

According to Kpler data reported by CCTV News, only 13 commercial vessels transited the Strait of Hormuz today (July 16), with 8 departing the Persian Gulf and 5 entering it. This traffic volume represents approximately one-tenth of pre-war average daily throughput. Among the vessels entering the Pe

Brent crude oil hit $85 per barrel on July 16, gaining 0.40% during the trading day.

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The Bureau of Labor Statistics reported yesterday that wholesale prices unexpectedly decreased last month, providing signs that inflation could be returning to normal ranges. Fed Chairman Kevin Warsh told the Senate banking committee that the data is moving in the right direction, though he

According to Guru Club, WTI crude oil and Brent crude both rose more than 1% today (July 16).

WTI crude oil touched $80 per barrel today, rising 0.35% during intraday trading on July 16.

According to Reuters, Iran has told Yemen's Houthi armed group to block the Strait of Mandeb if the United States attacks Iran's power infrastructure, citing unnamed sources on July 16. The Strait of Mandeb connects the Red Sea and the Gulf of Aden, serving as a critical maritime chokepoint

According to Eni's CEO, Europe could face high natural gas prices in January 2027 due to halted Russian imports and low storage levels.

According to Reuters on July 16, Iran has instructed Yemeni Houthi forces to prepare to close the Strait of Hormuz should the United States attack Iranian power infrastructure, according to three informed sources. The directive poses a significant new threat to

According to Canada's Export Development Corporation (EDC), global oil inventory declines have made energy markets increasingly vulnerable. On July 16, the EDC forecast average crude oil prices at $96 per barrel in 2026 and $84 per barrel in 2027. EDC Chief Economist Stuart Bergman stated that oil

According to Guru Club, ICE London cocoa futures fell nearly 4% to 4,193 pounds per tonne today (July 16).

According to Guru Club, on July 16, Apollo Global Management is viewed as the leading contender for a stake in a Canadian LNG project.

According to CCTV, on July 16, Iran's embassy in Lebanon stated that the Strait of Hormuz will not reopen due to U.S. pressure and will only resume transit under conditions set by Iran. The statement said the U.S. must

According to Iran's embassy in Lebanon, on July 16, the Strait of Hormuz will not be reopened due to U.S. pressure and will only resume shipping under conditions set by Iran. The embassy stated that the United States must accept this reality, and disputes can only be resolved through dialogue or by