Commodities (Crude Oil & Copper) & Macro Outlook

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

According to CNBC, Brent crude futures topped $95 per barrel this morning (July 22) following an 11th consecutive night of U.S. strikes on Iran. Both the international benchmark and U.S. oil prices are nearly 4% higher in early trading. Speaking to reporters in the Philippines today, Secretary of S

According to HSBC economist Chris Hale, UK inflation fell to 2.6% in June, down from 2.8% in May, with the decline driven primarily by lower fuel prices, particularly diesel. Core inflation remained stable at 2.6%, above consensus expectations. Hale noted that inflation data shows little evidence

According to Jin10, crude oil extended gains overnight on July 22 as U.S. President Trump downplayed the prospects of immediate negotiations with Iran.

According to shipping services firm Kpler, vessel traffic through the Strait of Hormuz and Bab el-Mandeb declined sharply on July 21, with throughput falling 31% to 9 ships and 34% to 29 ships respectively. The drop reflects heightened risk-aversion sentiment among international shipping companies a

SK E&S stocks closed at 62,000 won on the 22nd, marking a 10.91% gain and a 54.36% surge over the past month. The rally was driven by rising international oil prices amid escalating geopolitical risks in the Middle East, which highlighted the economic competitiveness of renewable energy. The

According to Korea Exchange data, South Korean renewable energy stock SK E&S surged 54.36% over the past month through July 22, closing at 62,000 won on a 10.91% daily gain. The stock jumped 16.32% over five trading days following July 15's close. The rally reflects escalating U.S.-Iran tensions

According to Sanlì Futures, Shanghai copper inventory fell sharply on July 22, dropping from 131,400 tons on July 16 to 116,600 tons by July 20, marking the lowest level this year. Supply-side pressures intensified as heavy snowfall and rainfall disrupted production at Caserones mine operated by

South Korean government bond yields surged on the 22nd as escalating US-Iran war tensions drove international oil prices sharply higher. The 3-year national bond yield rose 4.6 basis points to 3.913%, the 10-year climbed 6.6bp to 4.394%, and the 30-year increased 7.1bp to 4.635%, marking the

According to Yonhapinfomax, South Korean government bond yields surged on July 22, with the 3-year yield rising 4.6 basis points to 3.913%, the 10-year yield up 6.6 basis points to 4.394%, and the 30-year yield climbing 7.1 basis points to a record high of 4.635%. The spike follows a sharp

According to Signum Global Advisors analysis on July 22, a quantitative model predicts Trump may adjust his hardline Iran policy by late July, with July 26 identified as the highest probability timing. The model identified 2.9 standard deviations as the average threshold needed to trigger policy

WTI crude oil breaks $89 per barrel today, up 4.69% in 24 hours.