Commodities (Crude Oil & Copper) & Macro Outlook

According to Goldman Sachs, on July 23, Brent crude could exceed $120 per barrel in the fourth quarter if disruptions in the Strait of Hormuz persist, despite weakening Chinese demand limiting upward price pressure.

According to analysts, oil prices are surging amid escalating Iran geopolitical risks, pushing expectations for higher U.S. interest rates. GasBuddy analyst Patrick De Haan estimates U.S. gasoline retail prices could rise to $4.15–$4.25 per gallon in coming weeks. The rally has already transmitted t

Bitcoin (BTC) backs off midweek gains, temporarily trading around $65,040 on July 24. According to an official announcement, crypto exchange BitMEX will officially shut down on September 23 and will stop registering new users starting immediately. Zhizhi Technology signed a non-binding term sheet, agreeing to accept approximately 3,500 BTC (about $220 million) as payment for a new share offering. Macroeconomic Events & Crypto Market Hot Topics 1、According to an official announcement, crypto exch

Kim Seong-hwan, Minister of Climate, Energy and Environment, warned on the 24th that a renewable-only energy approach could raise electricity rates significantly. Speaking on CBS radio's '박성태의 뉴스쇼', Kim stated that eliminating coal power and relying solely on renewable energy could push rates

According to Huatai Futures, on July 24, SC crude oil futures opened slightly lower with gains narrowing to 5%, while low-sulfur fuel oil (LU) and fuel oil rallies stayed below 2%. The recent spike has been primarily driven by geopolitical tensions, including the Strait of Hormuz closure, CPC

Trump’s administration announced on July 24 that it would impose global tariffs of up to 12.5% on imports from more than 60 countries, effective at midnight Eastern Time on Friday, replacing the earlier temporary 10% tariff that applied to all countries. The price of Bitcoin fell to around $64,985, and the crypto market saw a notable increase in long liquidations. Iran transferred 10 to 21 members of the Islamic Revolutionary Guard Corps and shipped gold to help fund the Houthis. Trump’s new glo

According to Jin Lian Chuang, as of the fifth working day of the pricing cycle on July 24, 2026, China's domestic gasoline and diesel prices are set to rise 780 yuan/ton, with a change rate of 14.64% and reference oil prices averaging $89.27 per barrel. The next pricing adjustment window is

According to Business Insider, the U.S. 10-year Treasury yield breached 4.7% overnight on July 23, marking its highest level since January 2025, while the 30-year yield surged to 5.18%, the highest since 2007. The surge was driven by renewed Middle East tensions and inflation concerns. Brent crude o

According to Money Today, South Korea's KOSPI index declined 2.82% to 6,896.92 on July 24 morning, while the KOSDAQ fell 2.65% to 769.32. The declines were driven by fresh Middle East geopolitical tensions—including reported Houthi attacks on Saudi tankers

South Korean stocks fell sharply on the morning of the 24th, with the KOSPI dropping 159.20 points (2.24%) to 6,937.69 as of 9:08 AM, sliding below the 7,000 level. The decline followed a US tech sell-off

According to the U.S. Commodity Futures Trading Commission (CFTC), the agency extended the public comment period for proposed rules on 24/7 futures trading and perpetual contracts for physical or storable energy commodities by 30 days to August 26, 2026. The extension, announced on July 24,

South Korea's Ministry of Finance and Economy announced on the 24th that current fuel tax reduction rates will be extended until September 30, maintaining a 15% cut for gasoline and 25% cuts for diesel and LPG butane. The extension was decided through the 'Special Task Force for Public Livelihood

According to the Ministry of Economy and Finance, South Korea on July 24 extended fuel tax reductions through September 30, maintaining cuts of 15% for gasoline and 25% for diesel and propane. The measure reduces per-liter costs by 122 won for gasoline, 145 won for diesel, and 51 won for propane

According to Yonhap Infomax, the dollar-won one-month NDF rose to 1,475.20 won overnight on July 23, as Brent crude surged 7.04% to $100.69 per barrel—the first time above $100 since May 22. The dollar-yen rate climbed to 163.986 yen. The U.S. dollar index closed at 101.447. U.S. jobless claims

According to U.S. government officials, the Trump administration will impose new Section 301 tariffs effective July 24 at 12:01 a.m. ET, addressing alleged forced labor violations. The tariffs, ranging from 10% to 12.5%, will apply to 60 trading partners and cover over 99% of U.S. trade. Countries t

According to Freeport-McMoRan's Q2 earnings call, Chairman Richard C. Adkerson confirmed the company's commitment to extending its mining rights in Indonesia through partnership with PT Freeport Indonesia (PTFI). Adkerson cited successful June meetings with Indonesian President and top officials,

Korean Treasury futures declined in overnight trading on July 24, driven by a sharp surge in international crude oil prices. The 3-year Treasury futures closed 7 ticks lower at 102.62 compared to the previous day's regular session close, while the 10-year futures fell 21 ticks to 104.34. The decline

According to Seoul Bond Market data on July 24, South Korea's 3-year government bond futures fell 7 basis points to 102.62 overnight, while 10-year futures dropped 21 basis points to 104.34. The declines followed a sharp surge in international crude oil prices, with Brent crude's September

According to Jin10, on Thursday overnight (July 24), U.S. major indices closed lower, with the Nasdaq dropping 2.15% to 25,137.69, the S&P 500 falling 1.21% to 7,408.3, and the Dow Jones declining 0.97% to 51,711.65. Tesla crashed over 14% on disappointing Q2 earnings, while Google fell over 7%.