Commodities (Crude Oil & Copper) & Macro Outlook

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

Gold prices stabilized near $4,500 per ounce on Tuesday, following a nearly 2% decline the previous trading day, as escalating Middle East tensions fueled energy price gains and inflation concerns. According to reports, U.S. military forces repelled an Iranian attack while escorting two U.S.-flagged

Bitcoin (BTC) gave back its midweek gains, temporarily trading at around $79,731 on May 8. Donald Trump Jr. denied rumors that World Liberty Financial is about to collapse, saying the negative narrative is being manipulated by bot clusters. Tom Lee said BitMine is currently evaluating slowing its pace of Ethereum purchases and shifting to stock buybacks.

According to reports, U.S.-Iran peace talks stalled on Wednesday, May 7, after Tehran notified Washington through Pakistan that it would not participate in planned negotiations. Vice President Vance canceled his scheduled trip to Islamabad as a result. Iran stated it will not reopen the Strait of Ho

According to CNN, on Thursday, May 8, a federal appeals court panel ruled 2-1 that President Trump's 10% blanket tariffs violate the law and lack statutory authority under Section 122 of the 1974 Trade Act. The ruling requires the government to stop collecting tariffs from the plaintiffs—a group of

On May 7, WTI crude futures declined 2.04% to $93.13 per barrel, narrowing from an earlier drop exceeding 5%. Brent crude futures fell 2.17% to $99.1 per barrel.

According to FAO Director-General Qu Dongyu at a Mediterranean ministers' meeting on May 7, global fertilizer shortages caused by Hormuz Strait shipping disruptions will lead to crop reductions and food supply tightness in the second half of 2026 and 2027. Qu noted that even a delay of several

US stock indexes held steady near record highs on Tuesday as investors monitored geopolitical developments and corporate earnings. The S&P 500 Index climbed 0.1% at 9:34 a.m. in New York, while the Nasdaq 100 Index rose 0.2%, according to market data. Market Performance Six of 11 sectors traded i

According to BlockBeats, on May 7, the U.S. Department of Justice and CFTC launched an investigation into a series of suspicious oil market trades worth over $2.6 billion that occurred shortly before Trump's major announcements regarding Iran. Traders bet oil prices would fall, and prices

According to Gate data, WTI crude oil fell to $91 per barrel today, declining 6.28% intraday. Brent crude retreated below $95 per barrel, down 5.43% in the same period. Spot silver rose above $81 per ounce, marking its highest level since April 17, up 4.74% intraday.

According to BlockBeats, a Chinese-owned crude oil tanker was attacked at the entrance of the Strait of Hormuz on May 4, with its deck catching fire. The vessel was identified as "CHINA OWNER&CREW" during the attack. On May 6, French

The UAE has left OPEC. At its May meeting, OPEC+ announced a June production increase of 188k barrels per day without including the UAE, with the seven countries coordinating to hold back. The UAE’s exit limits the organization’s influence; if it also increases production independently, the market may face renewed pressure. Key focus going forward: the outcome of the June meeting, the UAE’s independent moves, and the supply role of US shale amid disruptions in the Strait of Hormuz.

According to on-chain analyst Onchain Lens, HyperLiquid whale Loracle.hl closed a BRENTOIL short position 2 hours ago with a profit of $991,000. The wallet currently holds unrealized gains exceeding $8.55 million and has accumulated total profits of approximately $36 million. Its active positions in

The Commodity Futures Trading Commission fined New York-based trader Sidney Lebental $200,000 after finding he engaged in spoofing activity in US Treasury futures markets between January and September 2019. The regulator also imposed a one-month trading ban on commodity interests. According to

On May 7, European Central Bank Governing Council member Negrel stated that if Middle East tensions do not ease significantly, the ECB may raise interest rates in June. "If the outlook does not improve materially, I expect we will raise rates in June," Negrel said. The official added that

The International Monetary Fund (IMF) released its latest Sub-Saharan Africa Regional Economic Outlook report on May 6 in Kigali, Rwanda, according to CCTV News. The report revised down the 2026 economic growth forecast for Sub-Saharan Africa to 4.3%, a reduction of 0.3 percentage points from the