Commodities (Crude Oil & Copper) & Macro Outlook

According to Devere Group, war-risk insurance premiums for tankers crossing the Strait of Hormuz surged nearly 1,900% on July 22 following continued U.S. Central Command strikes against Iran, far outpacing crude oil's 4% gain. For a $100 million tanker, the insurance cost for a single transit

CBOT wheat futures rose 4.0% to 705.5 cents per bushel intraday on July 22, while corn futures gained 2.0% to 485.75 cents on the same session.

According to the U.S. Energy Information Administration (EIA), American jet fuel demand reached a record high last week.

Between 14:15 and 14:30 UTC on July 22, 2026, BTC saw a sharp short-term drop of 0.42%, with a price range of 65,594.0–65,905.6 USDT and an amplitude of 0.47%. Earlier, BTC fell from the intraday high of $66,654 to around $65,928, with a cumulative 24-hour drop of 1.22%. Trading volume is extremely thin (only 286 BTC on the 4-hour candlestick chart), order book depth is very shallow, and both sides are concentrated in a narrow price range—small amounts of capital are enough to trigger short-term

According to the U.S. Energy Information Administration (EIA), U.S. Midwest crude oil inventories fell to their lowest level last week since December 2014.

Senegal plans to export 95,000 barrels per day of Sangomar crude oil in September, according to local reports. The Sangomar field is one of West Africa's major oil production assets.

On July 22, 2026, the U.S. Dollar Index (DXY) continued its upward trend, rising for the fourth consecutive trading day and briefly trading above the 101 level intraday. Prior to that, over the previous week the DXY had been hovering around 100.76; within just a few days, the dollar completed the shift from consolidation to breakout. This leg of dollar strength was directly triggered by two directions. One was the rapid escalation of geopolitical risk in the Middle East—U.S. forces launched atta

The US Department of Defense signed a four-year rare earth agreement worth $96 million with Australian mining company Lynas in March, triggering protests in Malaysia where the company's main processing facility is located. Over 50 non-governmental organizations sent an open letter to Malaysian

According to the U.S. Energy Information Administration, in the week ended July 17, U.S. gasoline production declined to 9.7539 million barrels per day from 9.8097 million barrels per day the previous week.

According to EIA data, as of the week ending July 17, U.S. domestic crude oil production declined at the steepest rate since the week of January 30, 2026. In the same period, the Strategic Petroleum Reserve inventory dropped to its lowest level since the week of

According to EIA data released this week, U.S. distillate fuel oil production demand rose to 5.33 million barrels per day for the week ended July 17, up from 4.70 million barrels per day in the prior week.

UK gilt yields rose on the 22nd despite cooling inflation, with the 10-year yield reaching 5.0512% at 8:16am local time, up 1.60 basis points from the previous session. June consumer price index data showed inflation rising 2.6% year-over-year, below the 2.7% market forecast. The increase reflects i

According to the Energy Information Administration, U.S. gasoline inventories increased by 765,000 barrels for the week of July 17, compared with a decline of 1.533 million barrels in the previous week.

According to the U.S. Energy Information Administration (EIA), U.S. crude oil imports for the week ended July 17 reached 485,000 barrels, reversing the previous week's outflow of 399,000 barrels.

According to the U.S. Energy Information Administration (EIA), the nation's oil refinery capacity utilization rate declined 0.1% for the week ending July 17, down from 0.4% in the prior week.

According to the U.S. Energy Information Administration, gasoline inventories declined by 76.5 million barrels for the week ended July 17. The figure beat expectations of a 151.7 million barrel decline and compared to a 153.3 million barrel drop in the prior week.

According to the U.S. Energy Information Administration (EIA), crude oil inventories increased by 2.01 million barrels for the week ending July 17, exceeding expectations of a 1.052 million barrel decline and reversing the prior week's 1.692 million barrel

U.S. crude oil imports surged to 280,000 barrels per day in the week ending July 17, according to EIA data, up significantly from 13,000 bpd in the prior week.

According to the U.S. Energy Information Administration, crude oil production fell by 58,000 barrels per day in the week ending July 17, reversing the prior week's gain of 99,000 barrels per day.

According to EIA data released for the week ended July 17, U.S. refinery crude oil inventory stood at 1.395 million barrels, exceeding market expectations of 738,000 barrels. The inventory fell sharply from the prior week's 4.556 million barrels.