Commodities (Crude Oil & Copper) & Macro Outlook

Gate News message, April 9, according to market data, WTI crude oil futures (West Texas Intermediate) were up 6.00% intraday, trading at $100.08 per barrel.

Multiple European financial institutions predict that international oil prices will be difficult to fall back to pre–U.S.-Iran conflict levels in the short term; attention should be paid to the recovery of the Strait of Hormuz and Middle East infrastructure. Although ceasefire news has eased concerns about supply, oil prices may continue to fluctuate in the future.

After the Iran–Israel ceasefire, Bitcoin and gold both rose in sync before pulling back. From the perspective of geopolitical chess, we break down the deeper logic behind the price moves and the outlook that follows.