Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, Rabobank analysts warned that the U.S. July PMI initial reading set to be released tonight may not fully reflect recent geopolitical developments and commodity market changes. The bank noted that the survey was likely completed over the past two weeks, meaning respondents who

According to S&P Global, Eurozone's services sector purchasing managers' index (PMI) reached 51.6 in July, up significantly from June's 49.4 and marking the highest level in five months. Manufacturing PMI improved to 52.0 from 51.4 in June, while the composite PMI hit 51.9 on July 24. Chris

According to South Korea's Ministry of Trade, Industry and Energy, on July 24, the government froze the eighth-period maximum petroleum prices at their previous levels: 1,784 won per liter for gasoline, 1,773 won for diesel, and 1,380 won for kerosene. The decision, effective from July 25 for four w

Renewable energy exchange-traded funds (ETFs) in South Korea surged over a one-week period from July 17 to July 24, with the PLUS Solar&ESS ETF climbing 20.65%, driven by escalating military tensions in the Middle East. Brent crude oil exceeded $100 per barrel on July 23 (local time) for the first t

According to Japan's Marine Science and Technology Agency (JAMSTEC), sampling conducted off Minami-Torishima island in January confirmed multiple rare earth elements including yttrium (approximately 30%) and neodymium (approximately 20%) at depths of around 6,000 meters. The agency extracted approxi

According to Shanghai International Energy Exchange, the exchange released the Low Sulfur Fuel Oil Futures Options Contract on July 24. The contract has been approved by the exchange's board of directors and reported to China's securities regulator. The contract took effect on the date of release.

According to Jin10, Cathay Pacific announced on July 24 that it will raise passenger fuel surcharges effective August 1, 2026, citing rising aviation fuel prices. The airline said it would continue reviewing fuel surcharges every two weeks to reflect market

July 24, 2026, 09:00–09:15 (UTC). Within 15 minutes, BTC plunged 0.41%, trading in the range of 65,045.5–65,318.0 USDT, with an Ampl of 0.42%. The current offer is $65,127. Over the past 24 hours, it is down about 0.87%. It has stalled and pulled back near the $68,000 key resistance level. Market volatility has increased, but overall Filled Amount remains at a normal level of 512.58 BTC/hour, and there has been no panic-driven surge in volume. The main driver behind this move is the full-scale e

The China Securities Regulatory Commission (CSRC) approved the registration of hot rolled coil and stainless steel futures options on the Shanghai Futures Exchange on July 24. The CSRC will oversee the exchange's preparation work to ensure smooth launch and stable operation of both options

According to South Korea's Financial Services Commission, on July 24, the country announced it would advance mandatory margin requirement increases for leveraged stock ETFs to July 31, raising the minimum deposit for single-stock leverage trading from 10 million won to 30 million won. The KOSPI

Early Friday, Iran rejected a U.S. ceasefire proposal mediated by Iraq amid escalating Middle East tensions, while President Trump unveiled sweeping new tariffs targeting roughly 60 trading partners with duties of 10% to 12.5%, citing alleged forced-labor practices. Brent crude surged past $100

WTI crude oil declined 2.5% intraday on July 24, trading at $89.88 per barrel.

According to BlockBeats, Michael Burry warned on July 24 to watch long-term U.S. Treasury debt amid multiple market pressures. These include rapid expansion of AI-related debt, rising inflation volatility, unstable basis trading, and oil prices approaching $100 per barrel. Burry also noted

According to ECB Governing Council member Kochlr, the September meeting will be particularly important as the central bank will gain better understanding of how energy market developments affect inflation.

According to the London Metal Exchange (LME), today inventories fell across six base metals: zinc down 275 tonnes, tin down 140 tonnes, copper down 4,650 tonnes, lead down 475 tonnes, aluminum down 2,400 tonnes, and nickel down 1,206 tonnes.

According to China Petroleum & Chemical Corporation, today on July 24, the nation's first state-level shale oil demonstration zone in a continental rift basin -- the Shengli Jiyang Shale Oil Demonstration Zone -- was officially completed. Located in Shandong Province with a total area of 7,300

According to ING analysts, Brent crude is expected to post over 12% gains this week despite intraday weakness. The benchmark crude fell 1.3% to $99.39 per barrel on July 24, while WTI crude dropped 1.4% to $90.89 per barrel. Red Sea shipping risks have fueled concerns over further supply

Tanker traffic through the Strait of Hormuz fell to its lowest level in approximately two and a half months on July 23 (local time), with only one vessel exiting and zero entering, according to ship tracking firm Kpler cited by Nikkei Asia. The single departing tanker was the VLCC 'New Giant,'

According to ship tracking company Kpler, only 1 tanker passed through the Hormuz Strait on July 23, marking the lowest level since May 7 and the first time no new vessels entered the waterway. The slowdown comes as Middle East transit risks persist and crude oil prices break above $100 per