Commodities (Crude Oil & Copper) & Macro Outlook

According to the International Energy Agency, global natural gas consumption is expected to decline 0.5% this year, equivalent to 20 billion cubic meters, due to Middle East tensions reducing supply and elevated prices dampening demand. The IEA cited a significant drop in liquefied natural gas

According to three people familiar with the matter, Geneva-based commodity trader Vitol is preparing to establish an office in Venezuela, reported by Jin10 on July 8. The move signals confidence in the continuation of the U.S.-Venezuela oil agreement reached earlier this year. The planned Caracas of

Crude oil futures contracts surged today on July 8. SC crude oil rose 4.44% to 458.9 yuan per barrel, while low-sulfur fuel oil (LU) gained 5.25% to 3,970 yuan per ton. Fuel oil climbed 4.82% to 3,065 yuan per ton. Asphalt was the sole decliner with losses narrowing to 1.30% at 3,795 yuan per ton.

According to Jin10, RBA Assistant Governor Hunt said on Wednesday that recent oil price shocks have not yet caused a significant slowdown in Australian economic activity, despite declining consumer and business confidence. In remarks on supply-side shocks, Hunt emphasized that ignoring such

According to South Korea's Ministry of Land, Infrastructure and Transport, South Korea's state-owned Korea Overseas Infrastructure and Urban Development Corporation (KIND) and Hyundai Engineering signed a memorandum of understanding on July 7 (local time) in Washington D.C. for Nevada's

According to Guru Club, Shanghai Futures Exchange (SHFE) European container freight index futures rose 5% to 2,588 points on July 8.

According to Guru Club, on July 8, fuel oil futures main contract surged 4% to 3,042 yuan/ton.

According to Yonhap Infomax, New Zealand's central bank is anticipated to raise rates today (July 8), with markets pricing in multiple additional increases in September and December. The decision comes as international oil prices rebound, creating downward pressure on the Seoul bond market. South

According to Yonhapinfomax, on July 8, Iran attacked oil tankers in the Strait of Hormuz, prompting the US to revoke sanction waivers on Iranian crude and petroleum product sales that were set to expire on August 21. The U.S. Central Command responded with airstrikes. Western Texas Intermediate crud

On July 8, Bitcoin briefly broke through the $64,000 mark, then slightly retreated, currently at $63,634. According to CoinGlass data, total liquidations across the network over the past 24 hours reached $418.02 million, with over 106,000 people forced to liquidate. Meanwhile, the U.S. Central Command announced a series of "powerful strikes" against Iran, claiming it was a response to Iran's attack on three merchant ships passing through the Strait of Hormuz. CoinGlass Liquidation Data: $418 Mil

Qatar condemned an attack on one of its liquefied natural gas (LNG) tankers near the Strait of Hormuz on July 7, according to state media CCTV News. Qatar's Prime Minister's advisor and Foreign Ministry spokesperson Ansari stated that the attack violates international law and poses a threat to

According to investment banking industry sources, Korea East-West Power (Moody's: Aa2) issued $500 million in Eurobonds on July 8. The offering consists of a 5.5-year fixed-rate tranche with a spread of 58 basis points

According to Jin10, crude oil prices rose in early trading, with WTI crude breaking above $72 per barrel. International oil prices continued their upward trend.

Ondo Finance launched a pre-alpha version of its perpetual futures platform that allows users to trade with tokenized stocks as collateral. The platform, Ondo Perps, lets eligible traders use tokenized stocks to access perpetual futures tied to commodities such as oil and gold, as well as equities i

According to New Hampshire Secretary of State's office, the state announced a plan to issue up to $100 million in revenue bonds on July 8 to support Bitcoin acquisition. The funds will be used primarily by NH CleanSpark Guarantor 1, the parent company of NH CleanSpark Borrower Trust 2026-1 (the

According to Citic Securities, the tracked sample of coal-listed companies is expected to see net profit increase about 31% quarter-over-quarter in Q2 2026, with first-half 2026 year-over-year growth of approximately 19%. Coking coal and anthracite producers are projected to show stronger earnings m

According to The Block, the U.S. Commodity Futures Trading Commission (CFTC) on July 8 charged Trevor Vernon and his company Argent Capital Management LLC with defrauding approximately 60 investors of $14 million through a fraudulent commodity pool. The pool traded stock index futures options,

Brent crude oil opened 2.8% higher at $76.20 per barrel today, following a U.S. airstrike on Iran.

According to Jin10 Futures, CBOT corn futures closed higher on Tuesday, July 8, with the benchmark contract gaining 1.3%, driven by concerns over potential heat stress in the Midwest and surging crude oil prices. The U.S. Midwest and central plains regions face forecasts of elevated temperatures

According to Iran's Foreign Ministry on July 8, the Iranian government condemned the U.S. Treasury Department for suspending a waiver on Iranian oil sales sanctions, calling the move a "serious violation" of Article 10 of the Islamabad Memorandum of Understanding signed on June 18. Iran said the U.S