Commodities (Crude Oil & Copper) & Macro Outlook

According to U.S. Department of Agriculture data released May 7, U.S. soybean export net sales for 2025/2026 fell to 143,900 tonnes, marking a season low and down 45% week-over-week. China accounted for 66,900 tonnes of the total, followed by Japan (48,600 tonnes), Indonesia (43,500 tonnes), Saudi A

According to ECB Executive Board member Isabel Schnabel on Thursday, the European Central Bank will need to raise interest rates if energy shocks expand and threaten medium-term price stability. Speaking at an event in London, Schnabel noted that risks have increased in recent weeks as supply

According to Fox News, the U.S. military struck Iranian ports at Kharg and Bandar Abbas early on May 8 (Beijing time), a senior American official disclosed. The official stated the strikes do not represent a resumption of war or termination of ceasefire agreements. The operation followed Iran's laun

According to International Energy Agency Director Fatih Birol, Canada is positioning itself as an ideal energy trade partner as countries seek alternatives following the Iran crisis.

According to CBOT data, corn futures fell 0.3% on Thursday (April 30), driven by weak U.S. export sales and declining crude oil prices. The benchmark contract posted its third consecutive trading day decline, tracking international crude oil markets lower, though late-session technical buying

According to reports, on Thursday, WTI crude oil futures climbed above $93 per barrel for the fourth consecutive trading day, driven by ongoing U.S.-Iran tensions and effective blockade of the Strait of Hormuz. The waterway remains under Iranian control, with Tehran limiting nearly all international

According to Golden Ten Data, Shanghai silver futures contracts rose 2.49% at the close of the night session on May 8, while Shanghai gold futures gained 0.12%. SC crude oil futures declined 0.88% during the same period.

On Tuesday, European natural gas futures fell nearly 2% below €40 per megawatt-hour as traders monitored escalating tensions in the Middle East. Over the weekend, traffic through the Strait of Hormuz was disrupted following artillery attacks on vessels, with Iran warning that ships attempting to tra

According to 金十数据, South Korea's government announced on May 7 that it will extend measures prohibiting the hoarding and monopolization of petroleum products for two additional months through July, aimed at addressing supply tensions caused by Middle East conflicts and stabilizing domestic fuel

According to San Francisco Federal Reserve President Mary Daly on May 8, the Fed's statement language matters less than its actions, with the true signal being unanimous agreement on policy decisions. Daly downplayed recent disagreement among officials over forward guidance on rate cuts, noting

According to Reuters and traders analyzed by market experts, between March and April, a series of precisely timed oil price decline bets totaling $7 billion appeared across multiple exchanges and derivatives markets ahead of U.S. President Trump's major Iran policy announcement. The figure far

According to LSEG data, market expectations for UK rate hikes shifted lower on May 7 amid advancing US-Iran peace negotiations. The market now anticipates the Bank of England will raise rates by a cumulative 50 basis points in 2026, down from 66 basis points priced before this week's talks. Followin

According to the U.S. Energy Information Administration (EIA), natural gas inventory for the week ending May 1 totaled 63 billion cubic feet, falling short of the forecast of 74 billion cubic feet and down from the previous week's 79 billion cubic feet.

According to international energy agencies, WTI crude futures climbed above $96 per barrel on Monday (May 5), recovering from the prior trading day's decline. U.S. President Trump has directed negotiators to pause talks with Iran, while Iranian President Pezeshkian reiterated that Tehran will not pa

According to sources, BP Chief Executive Officer Murray Auchincloss announced during an all-staff call that the company will launch a restructuring of its upstream and downstream operations in June.

According to Japan's Ministry of Foreign Affairs, Japan's Minister for Economic Revitalization Akira Akasawa attended the G7 Trade Ministers Meeting held in France. The meeting covered critical mineral supply chains, outcomes of the World Trade Organization ministerial conference, and informal

According to reports, WTI crude oil futures climbed to near $97 per barrel on Friday, with weekly gains exceeding 17%, driven by stalled U.S.-Iran peace negotiations and ongoing Hormuz Strait closures that have intensified supply concerns. President Trump's decision to maintain maritime blockades on

According to CME data on May 7, gold and silver futures saw increases in both trading volume and open interest. Gold futures trading volume rose 20,893 contracts to 207,814, with open interest up 9,525 contracts to 381,228. Silver futures volume increased 15,109 contracts to 74,529, with open intere

On Thursday, May 8, WTI crude oil futures plunged 13.3% to $88.66 per barrel before stabilizing above $95, as investors assessed the prospects of a Middle East peace agreement. According to reports, the U.S. transmitted a one-page memorandum of understanding to Iran through Pakistani intermediaries