Commodities (Crude Oil & Copper) & Macro Outlook

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.

Bitcoin’s projected relief rally toward $40,000-$50,000 may precede another corrective phase before September-October recovery. Gold’s consolidation structure suggests a short-term rebound could occur before another move toward accumulation zones. Crude oil maintains a $64 base-case

On Wednesday, July 8, ICE UK natural gas futures rose 4.97% to close at 116.25 pence per therm, with a significant rally after 4 p.m. Beijing time lifting prices to 117.95 pence. TTF Dutch natural gas futures, the European benchmark, gained 1.89% to 48.97 euros per megawatt-hour, though Bloomberg da

Jim Cramer's CNBC Investing Club held its Morning Meeting livestream on Wednesday, where stocks fell after President Donald Trump declared the Iran ceasefire effectively 'over' and suggested potential additional U.S. military strikes. West Texas Intermediate crude climbed 7% to over $75 per

Recently, U.S. President Donald Trump stated that the administration will seek to continue pressing down oil prices, emphasizing the importance of maintaining low energy costs.

US stock markets opened lower on May 8 (local time) as tensions between the United States and Iran escalated sharply. At 9:35 AM on the New York Stock Exchange, the Dow Jones Industrial Average fell 546.12 points (1.03%) to 52,379.03, the S&P 500 declined 45.90 points (0.61%) to 7,457.95, and the

According to Russia's Federal State Statistics Service, fuel prices rose 2.1% in the week ending July 6, with diesel prices climbing 3.4%.

According to Gate data, Brent crude oil rose above $80 per barrel on July 8, marking the first time since June 22, with intraday gains of 5.54%.

According to Russian Federal Government press office, Deputy Prime Minister Novak stated on July 7 that Russia's economy is completely under control and instructed government departments to continue monitoring key macroeconomic indicators to address challenges. The government's Economic

The crypto market faces renewed sell-off pressure as the U.S. revoked Iran's newly issued general license to export oil after Iran reportedly struck three commercial vessels in the Strait of Hormuz in less than 48 hours. The revocation raises oil supply concerns and crude price risks, creating

HSBC has lowered its 2027 Brent crude oil price forecast to $65 per barrel, down from a previous estimate of $75 per barrel, according to the bank's latest commodity outlook.