Commodities (Crude Oil & Copper) & Macro Outlook

According to Jin10 Futures, Brent crude oil surged 5.2% to its highest level since June 19 on Thursday morning (July 9), driven by U.S. President Trump's threats of fresh strikes on Iran, which sparked concerns over potential disruptions to Strait of Hormuz shipping. Chicago soybean oil futures

According to Jin10 Futures, international crude oil prices surged on July 9 amid market concerns over a potential new blockade of the Strait of Hormuz, with strong cost support and multiple maintenance outages at PX facilities driving tight spot

According to Colombia's National Hydrocarbons Agency (ANH), the country's commercial natural gas production declined 10.4% year-over-year in May, falling to 717 million cubic feet per day.

According to Colombia's National Hydrocarbon Agency (ANH), the country's oil production declined 2.8% year-on-year in May, averaging 728,835 barrels per day.

According to CNN, oil tanker traffic in the Strait of Hormuz has 'essentially stopped' on July 8 as the outlook for a U.S.-Iran 60-day ceasefire agreement remains uncertain.

According to Jin10 Futures, CBOT soybean futures closed down 0.8% on Wednesday, July 9, retreating from a one-month high reached the previous day. The decline primarily reflects easing weather concerns in the U.S. Midwest, as updated forecasts showed reduced weather threats to the region, causing th

According to Seoul Bond Market, South Korea's government bond futures fell overnight on July 9 amid a surge in international oil prices. The 3-year government bond futures contract declined 17 basis points to 102.95, while the 10-year contract dropped 35 basis points to 105.56. Foreign investors

SK Securities maintained a 'buy' rating on Lotte Energy Materials (020150) on July 9 while lowering the target price from 90,000 won to 60,000 won. Analyst Park Hyung-woo cited expectations that 2027 copper foil supply shortages will benefit the company's AI substrate circuit board business

According to NATO summit statements and reports compiled by Jin10, NATO member states committed to providing €70 billion in support for Ukraine in 2026 on July 8-9. Meanwhile, Ukraine's drone forces struck nine Russian "shadow fleet" oil tankers in the Sea of Azov overnight, with two vessels

According to Wenhua Finance data, Shanghai Containerized Freight Index (Europe route) futures main contract retreated sharply from a June 11 intraday peak of 4096 points to a July 7 low of 2412 points, with cumulative losses exceeding 40 percent over the

US tech stocks rebounded on May 8 (local time), with the Nasdaq rising 0.20% to 25,870.65 as semiconductor and AI infrastructure stocks attracted bargain hunting following recent declines. The recovery followed President Trump's statement that 'war will not restart' regarding US-Iran tensions,

According to Korean Economic TV, geopolitical risks have resurfaced recently as Trump signals a potential end to ceasefire agreements. International crude oil prices surged 6% on these developments, while U.S. equity markets showed mixed performance. The Dow Jones Index declined 1% amid

According to market data, overnight on July 7, U.S. equity markets showed mixed performance, with the energy and technology sectors both gaining ground amid geopolitical tensions and major AI infrastructure investments. The energy sector rose 1.45% and the technology sector climbed 1.44%, the only t

The US dollar weakened slightly on the 8th afternoon as President Donald Trump stated he does not want a prolonged conflict with Iran, causing international oil prices to moderate their earlier surge. At 4pm ET on the 8th, the dollar index (DXY) fell 0.083% to 100.972, reversing from an intraday

According to a joint statement issued on Wednesday, the International Energy Agency, International Monetary Fund, World Bank Group, and World Trade Organization said the global economy has demonstrated considerable resilience to the shocks from the Middle East conflict. The four organizations

According to Yonhapinfomax, on July 8, U.S. 10-year Treasury yields hit 4.567%, the highest level since late May, as geopolitical tensions and Trump's threats against Iran drove oil prices sharply higher. West Texas Intermediate crude oil futures climbed as much as 8% intraday following Trump's

WTI crude oil futures opened 2.2% higher on Thursday morning Asia-Pacific session, trading at $75.13 per barrel, following reports of the United States conducting fresh military operations against Iran.

Gold prices dropped as much as 2% within two hours on Wednesday after President Donald Trump announced at the NATO summit in Ankara that an interim agreement with Iran was over and he no longer wished to engage with Tehran. The announcement unraveled a memorandum of understanding signed weeks

According to E Daily, on July 8, U.S. President Donald Trump declared the ceasefire with Iran effectively over and suggested additional military strikes during a NATO summit in Ankara. Trump stated, "The ceasefire is over, I think," and added, "We hit them very hard last night, and we will

According to Citi, Brent crude oil prices are forecast to average $70 per barrel in the fourth quarter of 2026 and $65 per barrel throughout 2027, contingent on the assumption that the U.S. and Iran reach a final agreement and the Strait of Hormuz