Commodities (Crude Oil & Copper) & Macro Outlook

According to President Prabowo Subianto, Indonesia will halt all diesel imports starting July 2026, becoming the first country to mass-produce B50 biodiesel from palm oil. The President's office stated that Indonesia has successfully achieved self-sufficient diesel fuel production through its B50 bi

According to Meritz Securities research on July 20, server DRAM spot prices surged to over $3,100, representing a 146% premium above June-end contract prices of $1,380. The spike was driven by sovereign AI projects including Saudi initiatives, new AI data center testing demand, and severe

On July 20, international energy markets saw a landmark moment. Brent crude futures surged through the $90-per-barrel mark in one move, topping out at $91.42 during the day; WTI crude futures also climbed into the $84 range. This breakout level is not coincidental—over the past week, Brent crude has risen 15.9% in total, posting the largest single-week gain since April; from the early-July low near $71, the rebound is already close to 30%. {currencycard:tradfi}(XTIUS

According to CoinDesk, on July 20, Bitcoin traded near $64,200 while Ether rose to $1,860, XRP held at $1.09, and Solana traded at $76 with most crypto tokens showing little movement. Brent crude spiked 4% to $91.42 a barrel amid Middle East conflict, stoking inflation concerns that have prompted an

According to Guru Club, lithium carbonate futures fell more than 6% intraday on July 20, currently trading at 143,280 yuan per ton.

According to Gate data, Brent crude oil broke above $89 per barrel, up 2.60% intraday on July 20.

According to Guru Club, LPG futures main contract surged 9.25% on July 20, now trading at 5,718 yuan per ton.

According to Guru Club, liquefied petroleum gas (LPG) main contract surged 10.00% intraday on July 20, now trading at 5,759 yuan/ton.

According to Commerzbank rate strategist Rainer Guntermann, rising oil prices are expected to lock in a European Central Bank rate hike in September, with markets already fully pricing in this expectation. ECB President Christine Lagarde may adopt a hawkish tone on inflation risks. However, as

Gulf Basins Petroleum has temporarily suspended production as a precautionary measure in response to changes in regional security conditions. The company confirmed its assets remain unaffected, with Shaikan field output exceeding 45,000 barrels per

According to Guru Club, the Baltic Shipping Index (European route) main contract rose 8.0% to 2,852.0 points today (July 20).

Germany's producer price index (PPI) rose 1.8% year-over-year in June, matching economists' expectations and declining from 2.2% in May.

From 05:00 to 05:15 (UTC) on July 20, 2026, BTC fell 0.46% over 15 minutes. The price range was 64,080.1–64,562.8 USDT, with a spread of 0.75%. Against a backdrop of rising geopolitical tensions, the market adopted a wait-and-see stance; trading volume was just 179 BTC, reflecting extremely low participation. Neither the long nor the short side showed a clear consensus on direction. The main driver behind this move was a rapid escalation in the U.S.-Iran conflict. For the ninth consecutive night

According to BlockBeats, on July 20, Iran declared an end to compliance with the U.S. memorandum and warned of full-scale retaliation if American military operations continue. The U.S. has conducted airstrikes for nine consecutive nights and deployed additional F-16, F-35 aircraft, and tankers to th

According to Jin10 Futures, today Zhengzhou rapeseed meal futures opened lower and rebounded with fluctuations. Canadian canola futures continued climbing, with the benchmark contract closing up 2.2%, driven by soaring international crude oil futures, while Chicago soybean oil and European rapeseed

According to Yonhap Infomax, South Korea's government bond yields surged on July 20 morning. The 3-year benchmark yield rose 5.6 basis points to 3.908%, the 10-year yield climbed 4.0bp to 4.340%, and the 30-year yield increased 4.6bp to 4.522%. The gains were driven by escalating U.S.-Iran

US stock index futures posted modest gains in Asian trading on the morning of July 20 at 11:01 AM Korean time, with the E-mini S&P 500 rising 0.02% to 7,499.25 and the E-mini Nasdaq 100 climbing 0.22% to 28,837.25, according to Yonhap Infomax. The uptick came despite weakened risk appetite

According to Yonhap Infomax, on July 20 morning at 11:01 Seoul time, E-mini S&P 500 futures rose 0.02% to 7,499.25, while tech-focused Nasdaq-100 futures gained 0.22% to 28,837.25. The modest advance in equity index futures came despite weakening risk appetite. Commodity markets saw sharper

According to Jin10 Futures, international crude oil futures prices rose significantly on July 20, with China's domestic energy chemicals sector gaining broadly. The Strait of Hormuz closure, coupled with potential disruptions to Red Sea shipping routes, has tightened oil supply expectations.

OCBC released a second-half global economic outlook report on local time July 19, identifying persistent geopolitical risks as a major market misjudgment in the first half of the year. The US-Iran military conflict escalated beyond initial market expectations of a short-term event, with the