Commodities (Crude Oil & Copper) & Macro Outlook

Rio Tinto produced 83.49 million tons of Pilbara iron ore in Q2, with shipments reaching 85.30 million tons, exceeding analyst expectations of 83.13 million tons. Copper production for the quarter came in at 213,200 tons. The company maintained full-year guidance, projecting total iron ore sales of

According to the International Maritime Organization, two UAE-flagged oil tankers were attacked in the Strait of Hormuz on the morning of July 14, resulting in 2 deaths and 14 injuries. The two ultra-large crude carriers, operated by Abu Dhabi National Oil Company, were transiting the strait when th

According to Iran's Mehr News Agency, explosions were reported in the eastern waters of Hormuzgan Province and the Strait of Hormuz today.

According to Jin10, WTI crude oil futures for August delivery rose $1.20 to $79.34 per barrel on July 14, up 1.54%, while Brent crude oil futures for September delivery gained $1.43 to $84.73 per barrel, up 1.72%.

U.S. stocks rose on July 14 as June consumer price inflation came in below expectations at 3.5% year-over-year, easing concerns about further Federal Reserve rate hikes. The S&P 500 gained 0.38%, the Nasdaq climbed 0.90%, and the Philadelphia Semiconductor Index surged 2.54%. However, IBM

The Bank of Korea released its June 2026 import and export price indices on July 15, showing import prices fell 4.4% month-over-month on a won basis - the steepest decline in three and a half years since December 2022. Export prices remained flat at 0.0% month-over-month while rising 48.9% year-over

Vale appointed Wilfred Brujin as board chairman, effective until a shareholder vote on July 22. The appointment comes as the mining company prepares for the scheduled voting event to formally confirm the leadership

According to E Daily, U.S. June CPI declined 0.4% month-over-month on July 14, marking the first monthly drop since April 2020, and came in below market expectations at 3.5% year-over-year versus forecast 3.8%. The softer inflation reading sent July rate hike odds plummeting from 42% to 17% on CME

U.S. Energy Secretary Wright stated that the Trump administration will not consider imposing a 20% toll on the Strait of Hormuz. Wright clarified that no transit fees will be charged on the strategic waterway, emphasizing the necessity of ensuring oil flows from the Persian

According to the American Petroleum Institute (API), U.S. crude oil production rose to 56,000 barrels per day for the week ending July 10, up from 34,000 barrels per day in the previous week.

According to API data, U.S. refined oil inventory rose to 2.259 million barrels for the week ending July 10, significantly exceeding the expected increase of 1.06 million barrels. The prior week saw a decline of 1.801 million barrels.

According to the American Petroleum Institute (API), U.S. heating oil stockpiles declined by 73,000 barrels for the week ended July 10, compared to a drawdown of 434,000 barrels in the prior week.

According to API data, U.S. crude oil imports declined to negative 119,000 barrels per day for the week ended July 10, compared to positive 159,000 barrels per day in the prior week.

According to the American Petroleum Institute (API), U.S. crude oil inventories for the week ending July 10 decreased by 564,000 barrels, compared to market expectations of a 2.736 million barrel decline and a previous week decline of 399,000 barrels.

Bitcoin spiked past $64,000 on July 14, reversing Monday losses to reach a multiweek high despite ongoing Middle East turmoil. The rally triggered $277 million in short-bet liquidations across the cryptocurrency market, according to Coinglass data. The surge followed Consumer Price Index data

The U.S. API (American Petroleum Institute) crude oil inventory report for the week ending July 10 is set to be released within the next ten minutes.

On Tuesday, July 14, the U.S. Brent crude oil fund rose 2.80%, leading gainers among major asset class ETFs. Emerging market ETF and gold ETF gained 1.81% and 1.37% respectively, followed by Nasdaq-100 ETF up 1.12%. Decliners included U.S. real estate ETF

According to Bloomberg and CBOT data, wheat futures on the Chicago Board of Trade rose 1.38% on Tuesday (July 14) at the New York market close. The Bloomberg Commodity Index for grains climbed 0.24% to 30.9322 points. Other commodity futures showed mixed momentum. Corn futures fell 0.81%, while

WTI crude oil futures for August delivery rose 1.54% to close at $79.34 per barrel on July 14. Abu Dhabi Murban crude futures climbed 4.31% to $81.51 per barrel, reaching an intraday high of $83.93. August natural gas futures closed at $2.9040 per million BTU, while August gasoline futures settled a

Shanghai Futures Exchange crude oil futures 2608 contract closed up 2.82% at 511.30 yuan per barrel in overnight trading today. Shanghai gold rose 0.89%, while Shanghai silver gained 1.98%.