Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration (EIA), the Strategic Petroleum Reserve declined by 5.057 million barrels in the week ending July 17, compared to a decrease of 2.985 million barrels in the prior week.

According to EIA data, U.S. gasoline production rose 6 million barrels per day for the week ended July 17, reversing a prior-week decline of 9.6 million barrels per day.

According to EIA data, U.S. heating oil inventories rose to 231,000 barrels for the week ended July 17, up significantly from 30,000 barrels the previous week.

According to the U.S. Energy Information Administration (EIA), refinery equipment utilization rate reached 96.1% for the week ended July 17, exceeding the forecast of 95.9% and declining slightly from the prior week's 96.2%.

According to the U.S. Energy Information Administration, reformulated gasoline inventories fell to 0 barrels for the week ending July 17, down from 3,000 barrels in the previous week.

According to Investing Live on July 22, Houthi forces declared a naval blockade of the Red Sea against Saudi Arabia, prompting four oil tankers to change course, with two redirecting to the Suez Canal. Vessel tracking data shows ships bound for or departing from Saudi Arabia face increased attack

According to Yonhapinfomax, UK 10-year gilt yields rose to 5.0512% on July 22, up 1.60 basis points from the previous close, while 2-year and 30-year yields increased 1.45bp and 0.60bp respectively. The rise occurred despite June consumer price inflation cooling to 2.6% year-over-year, below

According to Tasnim, Iran's military warned on July 22 that it would strike energy infrastructure in the Middle East if the United States attacks Iranian power stations.

The U.S. Energy Information Administration (EIA) will release crude oil inventory data for the week ended July 17 in approximately 10 minutes. The report will include EIA crude oil inventory, Cushing crude oil inventory, and Strategic Petroleum Reserve inventory.

According to the North Dakota Industrial Commission, oil production in the Bakken and Three Forks regions reached 1.096 million barrels per day in May.

According to North Dakota regulators, the state's oil production in May reached 1.125 million barrels per day, down 16,000 barrels per day compared to April.

Senator Ron Wyden (D-Oregon) introduced draft legislation to limit President Trump's broad tariff powers, citing Trump's recent 50 percent retaliatory tariffs on Canadian goods. The bill would establish a congressional tariff committee and convert the U.S. Trade Representative (USTR) into an

According to Yonhap Infomax, on July 22, the US dollar index fell to 101.167, down 0.012% from the previous close, amid limited progress in US-Iran tension easing and rising oil prices. Western Texas Intermediate crude for September delivery traded near $87 per barrel, up approximately 3%, driven

Oil prices climbed to a six-week high on Wednesday as a Houthi naval blockade threat against Saudi Arabia introduced risk at the Bab el-Mandeb shipping chokepoint. Brent crude futures rose 4.2% to $94.83 a barrel at 09:38 GMT after touching a session high of $95.24, while West Texas Intermediate gai

According to Guru Club, Chinese commodity futures rose on the night session on July 22. Crude oil climbed 2.67%, fuel oil gained over 2%, liquefied gas increased 2.13%, paraxylene jumped 1.35%, soda ash rose 1%, and PTA gained 0.92%. Caustic soda fell 0.43% and tin

SK Hynix ADR stock plunged 7.11% to $159.72 in New York premarket trading as of 8:57 AM local time on July 22, reversing the prior session's 13.75% surge. The sharp decline reflects investor caution ahead of Alphabet's second-quarter earnings release and renewed inflation concerns driven by

According to Yonhapinfomax, SK Hynix's U.S. ADR shares declined 7.11% to $159.72 on July 22 in New York premarket trading, as rising crude prices reignited inflation concerns. Micron Technology, TSMC, Broadcom, AMD, and Intel also fell 4.41%, 2.50%, 2.06%, 3.10%, and 4.24% respectively. WTI crude fo

Brent crude oil and WTI crude oil prices climbed nearly $1 intraday on July 22, with Brent trading at $91.06 per barrel and WTI at $87.60 per barrel.

Hong Kong stocks declined on Wednesday (22nd), with the Hang Seng Index falling 0.95% to close at 24,892.66 points, while the Hang Seng Tech Index dropped 3.04% to 4,668.23 points. The decline was driven by a selloff in major technology stocks, with Tencent Holdings and NetEase both falling

According to Cnyes.com, Hong Kong's Hang Seng Index fell 0.95% today (July 22), closing at 24,892.66 points, while the Hang Seng Tech Index plummeted 3.04% to 4,668.23 points amid a broad selloff in large-cap technology stocks. Tencent and NetEase each dropped over 7%, with AI application stocks