Commodities (Crude Oil & Copper) & Macro Outlook

According to oil market researcher Rory Johnston, oil transport through the Hormuz Strait dropped to approximately 4 million barrels per day based on a 10-day moving average on July 20. The flow represents a steep decline from roughly 15 million barrels daily in late June, marking the lowest level s

According to Xinhua, the United Arab Emirates' non-oil foreign trade reached 1.937 trillion AED (approximately $528 billion) in the first half of 2026, up 13.1% year-over-year and marking a new historical

Shanghai Crude Oil futures fell 2.00% intraday, trading at 526.80 yuan per barrel on July 20.

According to India's Deputy Petroleum Minister Suresh Gopi on July 20, India has no plans to increase the ethanol blending ratio in gasoline beyond the current 20%. Any future adjustment to the blending ratio

According to Jin10 citing Statistics Canada, Canada's June consumer price index (CPI) fell to 2.8% year-over-year on July 20, driven by lower gasoline prices and beating economist forecasts of 2.9%. Core inflation dropped to 1.85%, marking the lowest level since September 2020 and the first time in

According to CNBC, the U.S. completed its ninth consecutive night of attacks on Iran yesterday (July 19) as it fights for control over the Strait of Hormuz. The U.S. death toll from the war rose to 17 after three service members were killed in recent fighting. Brent crude broke past the $90 per

Nigeria's regulatory authority aims to double oil production by 2030, according to the agency's announcement.

According to reports, Houthi forces announced a maritime blockade on Saudi Arabia on July 20, triggering sharp crude price increases. Brent crude rose $1.22 per barrel to $88.14, while WTI crude gained $1.04 per barrel to $81.27, both within a 5-minute

From 11:30 to 11:45 (UTC) on July 20, 2026, BTC surged rapidly over the course of 15 minutes, briefly topping out at 64,935.1 USDT. It ultimately closed near 64,346.5 USDT, with the 15-minute Return % reaching 0.91% and an Ampl of 0.91%. The price jumped from around $64,300 to nearly $65,000, and short-term volatility noticeably increased as market attention quickly warmed up. The core driver behind this sudden move is the sharp escalation of the U.S.-Iran geopolitical conflict. The United State

July 20, 2026, 11:00–12:00 (UTC): BTC traded in a tight range of 64,272.0–64,444.4 USDT, with an Ampl of 0.27%. It ultimately closed up 0.12%. Due to limited price movement, market participation was low: the filled amount totaled only 148.48 BTC. Overall, trading sentiment was one of wait-and-see. The key driver behind this deviation was an escalation in geopolitical tensions between the US and Iran. The US carried out military strikes against Iran for the ninth consecutive night. Iran threatene

According to Ted Oakley, founder and managing partner of Oxbow Advisors, the S&P 500 index is trading approximately three standard deviations above its historical average and would need a 40-45% decline just to return to the mean. Speaking on July 16, Oakley warned that while markets could rally

Brent crude oil declined 2.0% intraday on July 20 to $86.34 per barrel, while WTI crude fell 2.5% to $79.73 per barrel.

According to Bitget data, spot gold surged $20 on July 20, reaching $4,039.58 per ounce. WTI crude oil fell below $81 per barrel with a daily decline of 1.69%, while Brent crude dropped 1.00% to $85.33 per barrel. Iranian officials proposed a 10-day pause in strikes to seek restoration of the

WTI crude oil declined 2.00% during today's trading session, currently at $80.67 per barrel.

Escalating US-Iran military hostilities spiked global oil prices on July 20, with Brent crude approaching the $90 mark and West Texas Intermediate (WTI) climbing above $83.50 following consecutive nights of targeted US airstrikes and Iranian retaliation against American assets in Kuwait and