Commodities (Crude Oil & Copper) & Macro Outlook

Gate News: According to Gate’s official announcement, the Gate contract commodities section will launch BZ (Brent crude oil) and CL (WTI crude oil) perpetual contracts spot trading on April 30, 2026 at 15:30 (UTC+8), with USDT settlement. It supports 1x to 100x long and short operations, and the leverage ratio can be selected by users when placing an order. The BZUSDT perpetual contract is the trading code for Brent crude oil, representing 1 barrel of crude oil priced in dollars; the CLUSDT perpetual contract is the trading code for West Texas Intermediate (WTI) crude oil, also representing 1 barrel of crude oil priced in dollars.

According to BlockBeats and Hyperinsight monitoring, on April 30, Trade.xyz's traditional asset perpetual contracts deployed via the HIP-3 protocol on Hyperliquid recovered to recent highs, with open interest reaching $21.56 billion and accounting for over 90% of the HIP-3 market's total share.

According to Lookonchain, a whale deposited 11.94 million USDC to Hyperliquid and increased its WTI crude oil (West Texas Intermediate crude oil) long position. The address now holds 383,000 WTI crude oil long contracts worth 41.49 million

According to BlockBeats, on April 30, Hyperliquid early contributor Loracle increased short positions in WTI crude oil by approximately 3.5 million WTIOIL tokens worth $3.85 million, bringing total WTI short holdings to $15 million at an average price

According to Gate data, WTI crude oil hit $111 per barrel today (April 30), up 0.74% intraday. Brent crude rose above $112 per barrel, gaining over 1% during the same period.

According to CoinDesk, tokenized U.S. Treasury bonds on XRP Ledger have surged to approximately $418 million over the past year, up eightfold from around $50 million, according to evernorth xrp data.

According to the Federal Reserve's latest decision yesterday (April 29), the Fed kept interest rates unchanged but shifted its inflation language from "somewhat high" to "high," signaling that interest rate cuts expected later this year may be delayed. Fed Chair Jerome Powell noted that rising energ

According to Onchain Lens, a FalconX-linked wallet (0xEbE) deposited 11.94 million USDC into HyperLiquid on April 30 and increased its 20x crude oil (CL) long position to 202,000 CL, worth $21.6 million.

According to Cointelegraph, financial management startup Stable Sea integrated WisdomTree's tokenized U.S. Treasury money market fund WTGXX into its platform on April 30. The fund, which primarily invests in short-term U.S. Treasury securities, had total assets

On April 30, Iran's Parliament Speaker Mohammad Baqer Qalibaf stated on X that U.S. government policies have driven oil prices above $120. He criticized what he described as "garbage advice" on oil market strategy and indicated that the next target price

According to The Block, on April 29, Bitcoin held near $76,100 as U.S. spot bitcoin ETFs posted a third consecutive day of net outflows totaling $138 million, with spot ether ETFs losing an additional $87.7 million. The decline reflects investor caution following the Federal Reserve's decision to ho

According to Bloomberg, the Federal Reserve updated its inflation assessment today, describing price pressures as 'elevated' rather than 'slightly high' in its latest statement. The central bank attributed the shift partly to the impact of global energy prices.

According to S&P, on April 30, the company raised its 2026 WTI and Brent crude oil price forecasts by $15 per barrel to $95 and $100 respectively, with 2027 targets increased by $5 per barrel. S&P attributed the upward revision to two factors: persistent oil supply disruptions and heightened geopoli

According to CME Group, crude oil, U.S. Treasuries, and gold surged in volatility on April 29, reflecting a cross-asset contagion pattern. The CME CVOL index showed crude oil and U.S. Treasury 30-day implied volatility rising sharply, while Treasury convexity has climbed since late 2025, signaling m

According to U.S. Energy Information Administration (EIA) data, American crude oil net imports fell to negative levels in the latest week, marking a historic low. Meanwhile, weekly crude oil exports surged to a record high of over 6 million barrels per day

According to Jinshi, U.S. crude oil inventories fell by 6.234 million barrels for the week ending April 24, significantly exceeding expectations of a 231,000-barrel decline. The prior week saw inventories rise by 1.925 million barrels.

Iran Warns It Will Carry Out a Military Counterattack, as U.S. and U.K. Oil Prices Surge by More Than 4%. Risk of Escalation Over a Strait of Hormuz Blockade Rises—What Impact Will the Sharp Jump in Oil Prices Have on Crypto Mining, Inflation Expectations, and Capital Flows?

According to Trump's statement to Israel's Channel 12 on April 30, the U.S. President said he will not lift the naval blockade on Iran until a nuclear agreement is reached. Trump described the naval blockade as more effective than bombing, stating that Iran's oil reserves and pipelines will soon be