Commodities (Crude Oil & Copper) & Macro Outlook

According to a Reuters survey conducted from July 17–21, about 66% of economists believe the probability of the Federal Reserve raising interest rates in 2026 is high, marking a sharp reversal from June when most expected rate hikes to be unlikely. The shift comes as oil prices have surged

According to Odaily, U.S. 10-year and 30-year Treasury yields rose to their highest levels in approximately two months on Tuesday. The 10-year yield climbed to 4.64%, while yields across all maturities gained 2 to 4 basis points. Surging crude oil prices have sparked concerns that inflation

According to Kuwait's Foreign Ministry, Iran attacked the Kuwaiti oil tanker KAIFAN in the Strait of Hormuz on Monday. In response, Kuwait summoned the Iranian ambassador and lodged a formal protest.

According to China's National Energy Administration, the country's crude oil production reached 216 million tons in 2025, marking a historic high. Natural gas production continued its nine-year streak of growth exceeding 100 billion cubic meters. Combined oil and gas output hit 420 million tons in 2

According to Bloomberg, Tengizchevroil, Kazakhstan's largest oil producer, is closely monitoring loading operations at the Novorossiysk CPC terminal following Ukrainian strikes on the facility. The Chevron-led joint venture stated that its output and deliveries to the CPC system may be adjusted

According to Bloomberg, Kazakhstan halted crude oil shipments to its main Black Sea export terminal near Novorossiysk on Tuesday after a series of attacks on tankers raised security concerns. The Caspian Pipeline Consortium (CPC) terminal stopped accepting pipeline-delivered crude as oil companies r

From 13:45 to 14:00 (UTC) on July 21, 2026, BTC surged by 0.64% within 15 minutes, trading in a range of 66,346.6–66,802.5 USDT, with an Ampl of 0.69%. Trading sentiment warmed noticeably, and the bid/ask depth ratio was 11.74, indicating an extreme bid advantage. BTC tapped into the intraday high zone, with a cumulative gain of about 3.98% over the past 24 hours. The main driver behind this abnormal move is spillover from increased demand for risk avoidance triggered by a comprehensive escalati

According to the Wall Street Journal, on July 21, U.S. Trade Representative Gina Raimondo stated that the U.S. is preparing a new round of tariffs.

According to Yonhapinfomax, the U.S. Dollar Index (DXY) rose to 100.958 on July 21 at 07:43 ET, up 0.006 points (0.006%) from the previous close, amid reports that the Trump administration will impose new tariffs on major trading partners this week to replace the existing 10% global tariff set to ex

CME Group plans to introduce sorghum basis futures on August 24, expanding its agricultural derivatives offerings.

According to data released by the Indian government on Tuesday, India's crude oil imports in June fell over 12% from May to 19.59 million tons.

According to an announcement from China General Nuclear Power Corporation's uranium business unit, during the first half of 2026, CGN International Uranium Products Sales Company adopted a dual-end locked trading approach for natural uranium sales, keeping operational profit stable. However, due to

According to Financial Times, President Trump announced 50% tariffs on Canadian goods, effective in 30 days, citing unfair trade practices. The tariffs exempt energy, potash, critical minerals, fish, and steel and aluminum products already subject to national security duties. Canada is the U.S.

According to Bitget market data, on July 21, WTI crude oil rose above $85 per barrel, gaining 2.52% intraday.

According to sources, two Indian state-owned refiners halted loading of crude oil from Iraq on July 21 due to heightened security risks in the Strait of Hormuz. India Oil Company abandoned plans to load the supertanker Lila Jamnagar, which can carry approximately 2 million barrels of crude. The

According to Bloomberg, Kalshi, a prediction market platform, has applied to the U.S. Commodity Futures Trading Commission (CFTC) to launch gold-linked perpetual futures contracts.

Fuel oil futures surged 4.00% intraday on July 21, trading at 3,766.00 yuan per ton.

On Tuesday, global stock markets rallied, with Japan's Nikkei 225 index gaining 3.3%, China's Shanghai Composite rising 1.79%, and Hong Kong's Hang Seng index declining 0.04%. U.S. technology stocks led the rebound in pre-market trading, with spot silver surging 5% and Brent crude oil rebounding