Commodities (Crude Oil & Copper) & Macro Outlook

According to David Hoffman, Bankless co-founder, on July 14, despite ongoing geopolitical tensions, oil prices remain low, suggesting the market is adapting to reduce dependence on critical energy chokepoints like the

CNBC Investing Club with Jim Cramer held its Morning Meeting on Monday as stocks traded lower amid renewed US-Iran airstrikes and a busy earnings week. Apple rose 1.1% Monday after Citi raised its price target to $365 from $315, while semiconductor stocks declined with Intel and Micron each

US stocks opened mixed on July 13 (local time) as the Dow Jones Industrial Average rose 0.18% to 52,733.86, while the S&P 500 fell 0.20% to 7,560.45 and the Nasdaq Composite dropped 0.71% to 26,094.43 at 9:37 AM on the New York Stock Exchange. The mixed performance followed renewed military

According to Yonhapinfomax, on July 13, the U.S. Dollar Index fell to 100.196 as Iran's foreign ministry signaled openness to diplomatic solutions amid escalating military tensions with the United States. WTI crude oil futures, which had climbed to $75.08, retreated to the $73 range following Iran's

According to Guru Club, on July 13, WTI crude futures surged 4.76% to $74.806 per barrel, while Brent crude rose 4.81% to $79.668 per barrel. U.S. President Trump stated that the Strait of Hormuz remains open regardless of Iran's involvement and that the United States will pursue renewed

According to Bloomberg ship-tracking data, the Bu Fintas LNG tanker, which completed loading at the Plaquemines LNG facility in early July, has changed its destination from Singapore to the Suez Canal. The vessel signaled the course change over the weekend after passing north of Haiti, with an

According to GDMO, diamond trading at the Dubai Multi Commodities Centre (DMCC) reached $41.7 billion in 2025.

According to the Financial Times, Dubai plans to build a new port to bypass the Strait of Hormuz on July 13.

According to UAnalyze, over the weekend, Iran announced the closure of the Strait of Hormuz following renewed U.S.–Iran attacks, breaking a temporary agreement signed last month. The move sent crude oil futures surging over 3%, pressuring market sentiment. U.S. stock index futures declined

U.S. natural gas futures fell over 3.00% intraday on July 13, trading at $2.851 per million British thermal units (MMBtu).

According to Bloomberg, BlackRock has agreed to acquire a stake in the Williams Power joint venture for $5.34 billion.

According to Kazakhstan's Oil Ministry, oil production fell 8.4% in the first half of 2026.

According to official files, Qatar has set its August marine crude oil official selling price (OSP) at a $5 per barrel discount to the Oman/Dubai benchmark, while its onshore crude OSP is set at a $4.50 per barrel discount.

Deutsche Bank paid a A$2 million infringement penalty after Australia's corporate regulator alleged the bank systematically misreported more than 260,000 over-the-counter derivatives transactions between 21 October 2024 and 15 August 2025. The Australian Securities and Investments Commission said th

According to ASIC, Deutsche Bank paid A$2 million on July 13 after failing to accurately report the "direction" field for over 264,000 over-the-counter derivatives transactions between October 21, 2024, and August 15, 2025. The errors involved foreign exchange and commodity derivatives across 208

According to OPEC's monthly report, the UAE notified OPEC in June that its crude oil production surged 80%, reaching 3.8 million barrels per day compared to 2.09 million in May. The UAE attributed the increase to finding a workaround to address the Iran conflict and gaining freedom to raise output f

According to OPEC's monthly report compiled by Jin10, the organization's oil production reached 22.002 million barrels per day in June, up 3.051 million barrels from May's revised figure of 18.952 million barrels per day.

According to OPEC's monthly report, the organization maintained its economic growth forecast for the eurozone at 1% for 2026 and 1.2% for 2027.

According to OPEC's latest monthly report released in July, the organization maintained its 2026 U.S. economic growth forecast at 2.2% and kept its 2027 projection at 2%.

According to OPEC's monthly report, the organization revised downward its 2026 crude oil demand forecast for OPEC by 200,000 barrels per day to 42.3 million barrels per day. OPEC maintained its 2027 demand forecast unchanged at 43.6 million barrels per day.