Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, on July 15, the U.S. is advancing negotiations to reopen the Iraq-Syria oil pipeline, which has been dormant for over 20 years, aiming to bypass the Hormuz Strait and reduce Iran's future influence over global energy supply. Special U.S. envoy Thomas Baraka convened officials an

According to Jin10 Futures, CBOT soybean oil futures fell 0.7% on Tuesday, with the decline primarily driven by crush spread unwinding, as traders liquidated long soybean oil and short soybean meal positions. Improving U.S. soybean crop conditions and moderating temperatures expected in the

According to reports, canola futures on the Intercontinental Exchange (ICE) closed down 1.98% on Tuesday, July 15, erasing all gains from the previous session as the market reversed course. Declines in Chicago soybean futures and European canola prices pressured Canadian canola, though gains in

US stock indices closed higher on July 14 (local time), with the Dow Jones Industrial Average rising 0.02% to 52,508.27, the S&P 500 gaining 0.38% to 7,543.59, and the Nasdaq climbing 0.90% to 26,107.01. The rally followed the release of June Consumer Price Index (CPI) data showing inflation

According to FnGuide, South Korean refiners' second-quarter operating profits are expected to decline from the previous quarter despite international oil prices rising due to tensions in the Strait of Hormuz. Short-term earnings pressure stems from government regulations and timing effects on the re

According to Shanghai Securities Journal, Chinese listed mining companies reported significant profit growth in the first half of 2026, driven by rising volumes and prices of core products. Zijin Mining forecast H1 net profit of 39.1 billion yuan, while Luoyang Molybdenum projected 15.5 billion to 1

Between 22:15 and 22:30 UTC on July 14, 2026, BTC rapidly surged within 15 minutes, with a return of +0.61%. The price ranged from 64,538.5 to 65,100.0 USDT, with an amplification of 0.87%. In the past 24 hours, BTC increased by approximately 3.65%, rebounding from a low of $61,883 to around $64,500, in sync with gold, which also strengthened to $4,013 per ounce; market risk-avoidance sentiment clearly intensified. The main driver behind this unusual movement was the re-escalation of the US-Iran

According to Yonhap Infomax, the U.S. dollar index declined 0.345 points (0.341%) to 100.934 on July 14 afternoon (U.S. Eastern time), after June consumer prices fell 0.4% against expectations of a 0.1% decline. The dollar initially plunged as U.S. 2-year Treasury yields dropped over 10 basis points

Rio Tinto produced 83.49 million tons of Pilbara iron ore in Q2, with shipments reaching 85.30 million tons, exceeding analyst expectations of 83.13 million tons. Copper production for the quarter came in at 213,200 tons. The company maintained full-year guidance, projecting total iron ore sales of

According to the International Maritime Organization, two UAE-flagged oil tankers were attacked in the Strait of Hormuz on the morning of July 14, resulting in 2 deaths and 14 injuries. The two ultra-large crude carriers, operated by Abu Dhabi National Oil Company, were transiting the strait when th

According to Iran's Mehr News Agency, explosions were reported in the eastern waters of Hormuzgan Province and the Strait of Hormuz today.

According to Jin10, WTI crude oil futures for August delivery rose $1.20 to $79.34 per barrel on July 14, up 1.54%, while Brent crude oil futures for September delivery gained $1.43 to $84.73 per barrel, up 1.72%.

U.S. stocks rose on July 14 as June consumer price inflation came in below expectations at 3.5% year-over-year, easing concerns about further Federal Reserve rate hikes. The S&P 500 gained 0.38%, the Nasdaq climbed 0.90%, and the Philadelphia Semiconductor Index surged 2.54%. However, IBM

The Bank of Korea released its June 2026 import and export price indices on July 15, showing import prices fell 4.4% month-over-month on a won basis - the steepest decline in three and a half years since December 2022. Export prices remained flat at 0.0% month-over-month while rising 48.9% year-over

Vale appointed Wilfred Brujin as board chairman, effective until a shareholder vote on July 22. The appointment comes as the mining company prepares for the scheduled voting event to formally confirm the leadership

According to E Daily, U.S. June CPI declined 0.4% month-over-month on July 14, marking the first monthly drop since April 2020, and came in below market expectations at 3.5% year-over-year versus forecast 3.8%. The softer inflation reading sent July rate hike odds plummeting from 42% to 17% on CME

U.S. Energy Secretary Wright stated that the Trump administration will not consider imposing a 20% toll on the Strait of Hormuz. Wright clarified that no transit fees will be charged on the strategic waterway, emphasizing the necessity of ensuring oil flows from the Persian

According to the American Petroleum Institute (API), U.S. crude oil production rose to 56,000 barrels per day for the week ending July 10, up from 34,000 barrels per day in the previous week.

According to API data, U.S. refined oil inventory rose to 2.259 million barrels for the week ending July 10, significantly exceeding the expected increase of 1.06 million barrels. The prior week saw a decline of 1.801 million barrels.

According to the American Petroleum Institute (API), U.S. heating oil stockpiles declined by 73,000 barrels for the week ended July 10, compared to a drawdown of 434,000 barrels in the prior week.