Commodities (Crude Oil & Copper) & Macro Outlook

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

On July 8, the U.S. Real Estate ETF fell 1.63%, leading declines among major asset class ETFs, followed by the Dow Jones ETF down 1.07%. The Russell 2000 index ETF and Gold ETF declined at least 0.81%, while the S&P 500 ETF and U.S. Treasury 20+ year ETF fell at most 0.31%. The Brent crude oil

Bitcoin dropped 3.5% to $61,481 on Wednesday as escalating Middle East tensions halted the cryptocurrency's July rally, which had pushed prices up nearly 10% since the start of the month. The decline was triggered by the Trump administration's decision to end sanctions waivers on Iranian crude oil a

On Wednesday, escalating Middle East tensions triggered a sharp sell-off in bitcoin, sending the price down 3.5% to a low of $61,481. The pullback erased $40 billion in bitcoin market capitalization and sparked $372

According to Bloomberg data, on Wednesday (July 8) at the close of trading in New York, the Bloomberg Commodity Index fell 1.28% to 30.3107 points. CBOT corn futures declined 2.10%, while CBOT wheat futures dropped 1.78%. CBOT soybean oil futures gained 3.21%, contrasting with soybean futures' decl

French bond yields surged on the 8th (local time), with the 10-year yield jumping 13.30 basis points to 3.8081% by 12:30. The spike followed an appeals court ruling the previous day that lifted Marine Le Pen's electoral ban, clearing her path to run in the presidential election where she currently l

According to Yonhapinfomax, French 10-year sovereign bond yields surged to 3.8081% on July 8 (local time, morning), up 13.30bp in a single session. The 2-year yield climbed to 2.8412% and the 30-year to 4.7034%. Yields have risen 26bp this month alone. The move followed far-right National Rally

WTI August crude futures rose 4.37% to $73.52 per barrel today (July 8), with a gain of $3.08. Abu Dhabi Murban crude futures climbed 8.09% to $74.55 per barrel, outpacing broader crude gains amid market

U.S. crude oil futures settled at $73.52 per barrel today on July 8, rising $3.08, or 4.37%.

According to Jin10, Shanghai gold futures closed down 1.47% at 892 yuan per gram, while Shanghai silver futures fell 3.88% to 14,260 yuan per kilogram on July 9 at the 2:30 a.m. close. SC crude oil futures rose 4.30% to 475 yuan per

According to Glassnode, on July 8, Bitcoin has traded below the cost basis of both long-term and short-term holders for nearly five months, driving long-term holders to realize losses of roughly $280 million per day—the highest level since late 2022. The analytics firm attributed the pressure to

According to Jin10, the Federal Reserve's June meeting minutes highlighted multiple concerns, including whether the central bank maintains a hawkish stance on interest rate path and views on forward guidance and the balance sheet. The minutes also addressed inflation, employment, and the impact

According to U.S. Energy Information Administration (EIA) data released Wednesday, record fuel exports are straining domestic inventories across the country, with propane leading the surge in shipments, followed by strong demand for diesel, gasoline, and jet fuel in the week ending July 3. The expor

President Trump on Wednesday threatened tariffs of 25% to 200% on companies that do not manufacture their products in the United States, with rates varying by product. Speaking after the NATO summit in Turkey, he stated: "If you build your product here, you pay no tariff. If you don't, you pay a 25%

US equities declined in morning trade on Wednesday after President Donald Trump announced fresh strikes on Iran. The Dow Jones Industrial Average fell over 540 points, while the S&P 500 index declined about 0.6% and the Nasdaq Composite fell 0.4%. Trump made the announcement at the NATO summit in

Evercore ISI upgraded Occidental Petroleum (OXY) stocks to 'Outperform' from 'In Line' on Wednesday and raised the price target to $65 from $58. The upgrade reflects the company's stronger balance sheet and improved capital efficiency, according to analyst Stephen Richardson. The new target

President Donald Trump announced on Wednesday that the U.S. ceasefire with Iran has ended following Tuesday night's strikes, and said the United States will conduct fresh military operations against Iran later that day. The Dow Jones Industrial Average fell more than 540 points, while the S&P 500 in

On July 8 evening, Shanghai and international base metal futures closed mixed. International copper fell 0.95%, while Shanghai copper declined 0.84%, aluminum dropped 0.22%, zinc fell 0.65%, and lead declined 0.09%. Nickel rose 0.51% and tin fell 1.43%. Aluminum oxide futures gained 0.22%, while alu

U.S. President Donald Trump stated today that the country is currently experiencing an oil surplus, which will push oil prices down.