Commodities (Crude Oil & Copper) & Macro Outlook

According to BlockBeats, on July 22, the U.S. launched its 11th consecutive airstrike against Iran, with Defense Secretary Hegises confirming that the U.S. government has invested at least $37.5 billion in military operations. Officials indicated that continued military action over the coming

Brent crude oil futures broke through $95 per barrel for the first time since June 11. The price surge marks a notable recovery in oil markets following weeks of consolidation.

According to Gate data, WTI crude oil rose 4% intraday to $88.42 per barrel on July 22. Brent crude gained over 2%, trading at $91.17 per barrel.

According to Guru Club, WTI crude oil surged 4% intraday on July 22, reaching $88.42 per barrel. Brent crude rose over 2% to $91.17 per barrel.

According to Yonhapinfomax, USD/KRW rose to 1,480.10 on July 22, up 6.70 won from the previous Seoul close of 1,473.40 won, marking a 7-day high. The gains reflect dollar strength amid escalating Middle East geopolitical risks, including ongoing Iranian airstrikes that have continued for 11 days

According to Zhitong Finance, Hong Kong's stock market posted mixed results today (July 22), with the Hang Seng Index declining 0.95% to 24,892.66 points and the Tech Index falling 3.04% to 4,668.23 points. Gold-linked ETFs bucked the market weakness amid easing Federal Reserve rate hike

According to Fox News, U.S. Trade Representative Usha Upadhyaya will testify before a Senate subcommittee today, July 22, on the Trump administration's trade and tariff policies.

According to Jin10, on July 22, the Dalian Commodity Exchange released its daily warehouse receipt report. Key changes included: liquefied petroleum gas (LPG) futures increased to 3,588 lots (up 594 lots), soybean futures rose to 42,805 lots (up 770 lots), corn futures fell to 40,965 lots

Offshore Energies UK has called on Prime Minister Andy Burnham to urgently meet North Sea oil and gas operators, offshore workers, and energy supply-chain companies as the industry pushes for a reset in UK energy policy. The industry body, commonly known as OEUK, believes direct discussions with wor

Offshore Energies UK (OEUK) called on Prime Minister Andy Burnham on July 22 to urgently meet with North Sea oil and gas operators, urging the government to introduce a more competitive fiscal and regulatory framework. According to the organization, reforms could unlock approximately £50 billion in

According to Jin10, on July 22, UK 10-year gilt yields rose 1.3 basis points to 5.041% as Middle East tensions escalated, driving Brent crude up 2.4% to $93.3 per barrel. Rising oil prices have increased inflation expectations and the likelihood of further interest rate hikes from the Bank of

According to the London Metal Exchange, metal inventories declined yesterday across six commodities: copper fell 6,750 tons, nickel dropped 1,512 tons, and aluminum decreased 1,500 tons. Zinc inventory declined 850 tons, lead fell 425 tons, and tin decreased 140 tons.

According to Jin10 Futures citing data from Fujairah Petroleum Industry Zone, total refined oil inventory in Fujairah, UAE declined by 1.655 million barrels to 8.492 million barrels as of the week ending July 20. Light distillates fell by 649,000 barrels to 1.121 million barrels, while heavy

According to Japan's Ministry of Finance, the country's crude oil import prices reached a record high in yen terms in June, climbing for the third consecutive month. Prices hit 117,684 yen per 1,000 liters (approximately $722) after customs clearance, marking the highest level since comparable recor

According to Guru Club, on July 22, international crude oil prices surged sharply, with WTI crude oil futures rising over 4% to $87.77 per barrel and Brent crude oil futures climbing over 4% to $94.71 per barrel.

According to Korea Exchange, on July 22, 97% of crude oil ETN trading in South Korea has concentrated in leveraged and inverse 2X products as international oil prices rebounded following heightened geopolitical tensions in the Middle East. The surge in short-term directional trading was recorded

According to Treasury Secretary Scott Bessent, Bitcoin rose about 2% on Tuesday (July 22) to trade above $66,800, as lawmakers pressed toward passage of the CLARITY Act before Congress's August recess. Coinbase shares closed up 9.6% at $175.85. Bessent said Congress was at the "1-yard line" on the

According to China Energy Exchange, on July 22, Shandong Port Group and its subsidiaries were approved to operate group delivery centers for crude oil, low-sulfur fuel oil, and 20 rubber futures contracts. A subsidiary, Qingdao Port International Logistics, was designated as the 20 rubber futures d

Oil and gold markets face key economic data releases this week as traders monitor UK inflation, the ECB rate decision, and British manufacturing data. UK inflation is expected to decline to 2.7% from 2.8% in the Wednesday release at 06:00 GMT, while the ECB is forecast to hold rates steady at 2.40%

According to Jin10, on July 22, Shanghai Futures Exchange energy and chemical warehouse receipts showed mixed movements. Pulp futures warehouse receipts increased by 5,991 tons to 319,520 tons, while fuel oil futures receipts declined by 3,000 tons to 25,960 tons. Most other commodities including cr