Commodities (Crude Oil & Copper) & Macro Outlook

On Thursday (July 9), Latin American stocks and currencies rallied as oil prices retreated, lifting regional risk sentiment. The MSCI Latin America currency index rose 0.7%, while the Latin America stock index gained 1.4%. Colombia's peso led regional gains with a 1.2% increase against the dollar, t

According to the White House, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) currently lack Democratic commissioners, with no new nominees announced to fill the vacancies as of today (July 9). Both financial regulators face understaffing at the

According to ICE Futures, Brent crude for September delivery fell 2.2% to $76.30 per barrel on July 9, as concerns about economic slowdown and reduced oil demand outweighed geopolitical supply risks from U.S.-Iran

According to Coinglass data, bitcoin recovered to $63,000 on Thursday (July 9) after dropping over 3% following U.S.-Iran military clashes. Over $52 million in liquidations were recorded across long and short positions as Brent crude oil retreated below $76 per barrel. Bitcoin traded just

According to Wenward Maritime Analysis, transit traffic through the Strait of Hormuz plummeted from July 7 to 9 amid escalating US-Iran military exchanges. On July 7, the strait recorded 51 transits with 35 vessels departing the Persian Gulf; this fell to 35 transits and 18 departures on July 8.

According to Bloomberg commodity data, on Thursday (July 9) at New York close, Chicago wheat futures rose 1.85% and cocoa futures climbed 5.19% to $6,366 per metric ton, approaching November 2025 peak levels. Coffee C futures surged 10.22%, while CBOT corn futures fell 0.99%, soybeans

Iran and the United States engaged in mutual retaliatory attacks after Iran struck vessels transiting the Strait of Hormuz, reigniting Middle East tensions and causing international oil prices to surge again on May 8. WTI crude oil exceeded $76 per barrel and the US 10-year Treasury yield

British airline Jet2 reported a $536 million balance sheet gain on July 8 after fuel derivatives locked at lower rates surged in value as Middle East conflict drove jet fuel prices higher. The windfall offset a 67% plunge in annual cash inflows to approximately $103 million, triggered by travelers d

WTI August crude oil futures fell 1.44 dollars to 72.08 dollars per barrel, down 1.96% today. Abu Dhabi Murban crude oil futures declined 3.13% to 71.27 dollars per barrel. NYMEX August natural gas futures settled at 3.0120 dollars per million British thermal units, while August gasoline futures

According to Jin10 Data, at 2:30 AM on July 10, Shanghai Gold futures (main contract) closed up 1.31%, Shanghai Silver futures (main contract) rose 3.22%, and SC crude oil futures (main contract) declined 3.22%.

Following renewed US-Iran tensions announced at the NATO Leaders Summit in Ankara, Brent crude oil surged over 10%, prompting a Bitcoin selloff from its early-week high of $64,000 to around $62,900. According to CryptoQuant analyst Darkfost, Bitcoin faces further downward pressure as oil prices

According to Brazil's trade executive committee (Gecex), the government maintained a 12% crude oil export tax for an additional 60 days on Thursday (July 9). The committee stated it will reassess the measure within 30 days. The tax was initially introduced in March in response to rising crude

WTI crude oil fell 4.00% intraday today, trading at $71.54 per barrel. Brent crude declined 3.75% to touch $76 per barrel during the session.

US stocks opened higher on July 9 (local time), with the three major indices advancing on strong semiconductor stock performance at 9:51 AM. The Dow Jones Industrial Average rose 0.05% to 52,372.89, the S&P 500 gained 0.31% to 7,506.06, and the Nasdaq Composite climbed 0.48% to 25,994.79.

According to Iran's Islamic Revolutionary Guard Corps, the military has established control over the Strait of Hormuz over the past two weeks and is now progressively reopening shipping lanes. The guard stated that it has maintained security in the waterway and is restoring transit capacity to

According to Jin10 Futures, as of July 9 this week, float glass production showed mixed results across fuel types. Petroleum coke-fired float glass posted average weekly losses of 190.33 yuan/ton, down 1.22% week-over-week. Natural gas-fired production saw average losses narrow to 173.80 yuan/ton, u

According to TankerTrackers, Iran shipped at least 10 million barrels of crude oil and fuel overnight as the country anticipated a potential U.S. resumption of maritime sanctions.

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Bitcoin and Ethereum recovered most losses within hours after Iran-related geopolitical headlines triggered brief market selloff on July 9. Initial reports sparked risk-off trading as oil climbed and crypto prices dropped, but markets reversed course after subsequent reports indicated Iran's

According to market reports, Iraq and HKN Energy signed an agreement on July 9 to develop the Hamrin oil field. The project targets production capacity of 140,000 barrels per day and daily natural gas output of 40 million cubic