Commodities (Crude Oil & Copper) & Macro Outlook

According to Gelonghui, Chinese commodity futures declined in early trading on July 10. SC crude oil dropped more than 3%, coking coal fell nearly 3%, and pure benzene and coking coal decreased by over 2%. On the gainers’ side, Shanghai silver rose more than 3%, and wood pulp and Shanghai tin increased by over 2%. It also facilitated the connection of an additional 1 gigawatt of renewable energy. {currencycard:future}(X

According to Oman News Agency, the country set its official crude oil price at $69.29 per barrel today (July 10), with delivery in September.

According to the International Energy Agency (IEA), U.S. gasoline demand grew 1.5 percent year-over-year in March and April, reversing a 12-month declining trend despite gas prices rising nearly 50 percent. The increase came as consumer confidence weakened, marking unexpectedly strong momentum in

China's Ministry of Commerce and General Administration of Customs announced on July 10 that they will impose a temporary export ban on helium (HS code 2804290010), effective immediately. The decision is based on provisions of the Foreign Trade Law of the People's Republic of China. Further

According to sources, Abu Dhabi National Oil Company (ADNOC) released a spot crude oil tender recently, marking the sixth tender issued since early June as the company continues to increase export volumes.

CME Group announced plans to launch Treasury Link in the fourth quarter of 2026, a new trading tool that will allow institutional investors to execute spreads between U.S. Treasury futures and cash Treasuries in a single transaction. The service will connect CBOT Treasury futures with BrokerTec cash

Oil prices retreated this week despite escalating U.S.-Iran military conflict and a sharp decline in tanker transits through the Strait of Hormuz. Brent crude fell 2.2% to close at $76.30 per barrel on Thursday (July 9), while U.S. West Texas Intermediate (WTI) dropped 2% to $72.08 per barrel.

According to Germany's Federal Statistical Office (FSO), Germany's June consumer price index (CPI) came in at 2.3% year-over-year on July 10, matching preliminary estimates. The monthly reading declined 0.3% from May, while core CPI—excluding food and energy—rose 2.5%. The FSO attributed

According to IEA's monthly report, global energy demand declined by 4.8 million barrels per day in the second quarter.

According to the IEA's monthly report, global crude oil inventories rose in June for the first time in four months.

According to the International Energy Agency (IEA), the escalation of U.S.-Iran hostilities on July 7-8 may upend its forecast for significant oil supply surplus in 2027. The IEA stated that recent hostile actions could reverse market expectations of oversupply next year, which depend on improved