Commodities (Crude Oil & Copper) & Macro Outlook

Escalating US-Iran military hostilities spiked global oil prices on July 20, with Brent crude approaching the $90 mark and West Texas Intermediate (WTI) climbing above $83.50 following consecutive nights of targeted US airstrikes and Iranian retaliation against American assets in Kuwait and

According to Korean Economic Daily, South Korean refiner stocks surged in July as geopolitical tensions drove refining margins sharply higher. S-Oil rose 37.87% for the month to 146,700 won on July 20, while SK Innovation and GS each gained over 23%. The combined refining margin jumped from $29

WTI crude oil declined over 1% intraday to $81.50 per barrel, while Brent crude fell 0.64% to $86.19 per barrel on July 20.

According to China Coal Transportation and Sales Association, output and sales of monitored coal enterprises both declined in early July due to tightened safety regulations, mine maintenance, and rainfall. Demand from power plants weakened as increased hydroelectric and renewable energy output

Trump pledged to continue bringing prices down after June CPI fell 0.4%, the largest monthly decline since April 2020, according to Bureau of Labor Statistics data. The president cited falling oil, gas, egg, and prescription drug prices in a Truth Social post, extending a pressure campaign that

According to Bureau of Labor Statistics, the U.S. Consumer Price Index (CPI) fell 0.4% in June on a seasonally adjusted basis, the largest monthly decline since April 2020. The energy index plunged 5.7% in June, with gasoline averaging $3.86 per gallon, down sharply from a May peak above $4.50,

According to CoinGecko data, Bitcoin fell to about $62,530 on Friday, roughly 2.6% below its daily opening, as US forces conducted strikes on Iran for a seventh consecutive night and a selloff in semiconductor stocks accelerated globally. BTC recovered during the session to close near $64,110,

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

DL Group is pursuing the sale of its subsidiary DL Motors through individual contact with select potential buyers, with domestic auto parts manufacturers reviewing acquisition proposals at a transaction size discussed in the mid-100 billion KRW range based on 100% equity. The conglomerate is also

From 08:30 to 08:45 (UTC) on July 20, 2026, the BTC 15-minute candlestick returned -0.50%, with a price range of 63,733.8–64,282.1 USDT and an amplitude of 0.85%. BTC fell about 0.69% over the past 24 hours, dropping from $65,106 to around $64,246. As geopolitical risk heats up, short-term volatility has increased, but the overall decline remains relatively mild, and market participation is low. The main driver behind this unusual move is the continued escalation of the military conflict between

According to documents, Iraq's state oil company SOMO seeks diesel deliveries for August-September 2025, marking its first such procurement since January 2025.