Commodities (Crude Oil & Copper) & Macro Outlook

Vale reported second-quarter iron ore production of 84.26 million tonnes, exceeding analyst expectations of 83.84 million tonnes. Iron ore sales reached 69.95 million tonnes compared to the expected 69.54 million tonnes. Nickel production for the quarter was 42,000 tonnes.

The Bank of Korea reported that the producer price index remained flat month-over-month in June, according to data released on the 22nd. Year-over-year, the index rose 8.6%. The stabilization follows a slowing trend from April's 2.7% monthly increase to May's 1.0% gain, with offsetting movements

According to the Bank of Korea on June 22, South Korea's June Producer Price Index (PPI) remained flat month-on-month and rose 8.6% year-over-year. The month-on-month gains have slowed consecutively from 2.7% in April to 1.0% in May to flat in June. Industrial product prices fell 0.3%,

According to API data, U.S. crude oil production fell 90,000 barrels per day for the week ending July 17, reversing the prior week's gain of 56,000 barrels per day.

According to API data, U.S. refinery crude oil inventories fell to 1.759 million barrels for the week ending July 17, falling short of the 1 million barrel forecast and down 500,000 barrels from the previous week's 2.259 million barrels.

According to API data released for the week ending July 17, US heating oil stockpiles increased by 495,000 barrels, compared with a decline of 73,000 barrels in the previous week.

According to API库欣 data as of July 17, U.S. crude oil inventories at Cushing fell 737,000 barrels during the week, compared to a rise of 238,000 barrels in the previous week.

According to the American Petroleum Institute (API), U.S. crude oil inventories increased by 2.603 million barrels for the week ended July 17, compared to expectations of a 500,000-barrel decline and the previous week's 564,000-barrel

According to API data, U.S. refined oil imports reached 43,000 barrels per day for the week through July 17, compared to negative 188,000 barrels per day in the prior week.

According to the American Petroleum Institute (API), U.S. gasoline inventories declined by 1.379 million barrels for the week ending July 17. The actual draw fell short of the expected 1.81 million-barrel decline and came after a 1.664 million-barrel decrease in the prior week.

According to Jin10, U.S. API crude oil imports surged to 355,000 barrels for the week ending July 17, compared with a decline of 119,000 barrels in the prior week.

According to Yonhapinfomax, the dollar-yen exchange rate broke through 163 yen on July 21 at 2:14 PM New York time, reaching 163.137 yen and marking its highest level since December 1986. The pair briefly spiked to 163.213 yen. The yen's weakness is driven by rising crude oil prices amid U.S.-Iran m

On Tuesday (July 21), emerging market ETF closed up 2.80%, leading major asset classes. Brent oil fund surged 2.51%, while gold ETF gained 1.96% and Nasdaq-100 ETF rose 1.85%. Other gainers included Barclays convertible bond ETF, Russell 2000 ETF, S&P 500 ETF, and Dow ETF (all up at least 0.69%),

The U.S. API crude oil inventory report for the week ending July 17 will be released momentarily.

According to Iraq's Oil Minister, the Iraqi oil ministry and U.S. companies signed agreements valued at approximately $200 billion during the Iraqi Prime Minister's ongoing visit to the United States.

According to Bloomberg Grain Index, agricultural futures rose on Wednesday, August 6, at the New York close. The Bloomberg Grain Index climbed 0.42% to 32.19 points. CBOT corn futures advanced 0.48% and wheat futures rose 0.67%. Soybean futures declined 0.33% to $12.2225 per bushel, while soybean m

WTI August crude oil futures rose $1.68, or 2.02%, to close at $84.91 per barrel on July 21, approaching June 11's close of $86.16. NYMEX August natural gas futures settled at $2.8650 per million BTU, while August gasoline futures closed at $3.4059 per gallon and August heating oil futures at $4.12

Shanghai Futures Exchange crude oil futures contract 2609 rose 3.15% during the overnight session, closing at 547.40 yuan per barrel. Gold futures climbed 1.36%, while silver futures surged 3.01%.