Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10, on July 13, Abu Dhabi National Oil Company (ADNOC) adjusted its offshore crude pricing mechanism to support deliveries outside the Strait of Hormuz, with prices tied to Dubai benchmark rates. For August deliveries via ship-to-ship (STS) transfers at Fujairah, ADNOC will price

According to Yonhapinfomax, the U.S. dollar climbed to 1,503.40 Korean won on July 13, up 2.00 won (0.13%) from the previous day's close of 1,501.40 won. Foreign investors' stock sell-offs and strong dollar momentum drove the gain, while a $2 billion-plus forward forex sale by Hanwha Ocean in

European stock markets delivered mixed performance on Monday as Middle East tensions drove investors toward energy stocks while broader indices weakened. The FTSE 100 traded slightly higher despite risk-asset selloff triggered by Iran's announcement it closed the Strait of Hormuz 'until further

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to ZDNet Korea Semiconductor, South Korea's Ministry of Climate, Energy and Environment began formulating early-stage power supply plans for a new semiconductor industrial park in the Honam region on July 13, with plans to add new energy storage systems (ESS) and pumped hydro storage

Brent crude oil gained 2.00% during intraday trading, reaching $77.46 per barrel on July 13.

According to Ukraine's Security Service, Ukrainian forces struck a Russian oil depot in Stavropol region and storage facilities at the Kavkaz port in recent operations. The Security Service did not provide additional details on the scale of damage or timing of the

According to an official statement from Everbright Fund on July 13, the Crude Oil ETF experienced a significant premium in secondary market trading. The fund's closing price reached 1.736 yuan, while its net asset value as of July 9 stood at 1.4630 yuan, representing an approximate 18.6% premium.

According to ChoiceWire, on July 13, the Hang Seng Index closed up 0.16% or 38.6 points at 24,213.72, with daily turnover of HK$309.5 billion. The Hang Seng China Enterprises Index gained 0.33% to 8,065.97, while the Hang Seng Tech Index fell 0.96% to 4,676.43. Semiconductor stocks led declines

On Monday morning, escalating U.S.-Iran military tensions over the weekend pushed stock futures lower, with Nasdaq futures falling 1.2%, S&P 500 futures declining 0.4%, and Dow futures down 0.1% as of 4:00 a.m. ET. Fresh U.S. airstrikes and a contested closure of the Strait of Hormuz sent oil

Energy Fuels, a US uranium mining and refining company, received a $725 million conditional loan from the US Office of Strategic Capital for a 20-year term to expand rare earth processing capacity at its White Mesa facility in Utah and build new rare earth metal and alloy production facilities.

According to Sun Media, on July 13, Energy Fuels received a $725 million conditional 20-year loan from the U.S. Office of Strategic Capital to expand rare earth processing capabilities at its White Mesa facility in Utah and build new production plants for rare earth metals and alloys. The funding s

According to Citi's strategy team led by Beata Manthey, on July 13 the bank downgraded UK equities from overweight to underweight in its global asset allocation, citing diminished appeal as geopolitical tensions ease. The team noted that UK stocks, weighted heavily toward commodities and defensive s

Korean Air disclosed Q2 operating profit of 261.8 billion won on the 13th, down 34.4% year-over-year, but exceeding market expectations by more than sixfold as revenue reached 5.0199 trillion won, up 25.9%. The airline attributed the performance to increased passenger demand driven by won

According to LME data released on July 13, aluminum inventory declined 1,500 tons, copper fell 1,300 tons, and zinc dropped 525 tons. Nickel inventory increased 120 tons, while lead inventory remained unchanged. Tin inventory decreased 45 tons.

According to its announcement on July 13, Baofeng Energy forecasts net profit attributable to shareholders of 9.3 billion to 10.2 billion yuan for the first half of 2026, representing year-over-year growth of 62.65% to 78.4%. The company attributed the increase to higher global prices for crude

According to Iran's General Customs Administration, on July 13, the country lifted export bans on chemical, polymer, and petrochemical products that were imposed during the emergency period. Export restrictions on industrial butter and sulfonic acid remain in

US Central Command launched strikes against Iran over the weekend in the third round of military action within a week, targeting Iran's ability to attack commercial vessels. The escalation followed Iranian forces hitting a Cyprus-flagged container ship, prompting Tehran to declare the Strait of

According to China's Foreign Ministry, on July 13, Iran announced the closure of the Strait of Hormuz and stated it would review ships' transit requests, amid escalating U.S.-Iran tensions. Foreign Ministry spokesperson Lin Jian said that early restoration of safe and free passage through the

ADNOC set its official selling price (OSP) for Murban crude at $80.01 per barrel for August.