Commodities (Crude Oil & Copper) & Macro Outlook

According to Korean Economic Daily, South Korean refiner stocks surged in July as geopolitical tensions drove refining margins sharply higher. S-Oil rose 37.87% for the month to 146,700 won on July 20, while SK Innovation and GS each gained over 23%. The combined refining margin jumped from $29

WTI crude oil declined over 1% intraday to $81.50 per barrel, while Brent crude fell 0.64% to $86.19 per barrel on July 20.

According to China Coal Transportation and Sales Association, output and sales of monitored coal enterprises both declined in early July due to tightened safety regulations, mine maintenance, and rainfall. Demand from power plants weakened as increased hydroelectric and renewable energy output

Trump pledged to continue bringing prices down after June CPI fell 0.4%, the largest monthly decline since April 2020, according to Bureau of Labor Statistics data. The president cited falling oil, gas, egg, and prescription drug prices in a Truth Social post, extending a pressure campaign that

According to Bureau of Labor Statistics, the U.S. Consumer Price Index (CPI) fell 0.4% in June on a seasonally adjusted basis, the largest monthly decline since April 2020. The energy index plunged 5.7% in June, with gasoline averaging $3.86 per gallon, down sharply from a May peak above $4.50,

Bitcoin dropped to approximately $62,530 on Friday, its weakest level in three days, as US forces struck Iran for a seventh consecutive night and a selloff in chip stocks accelerated across global markets. The cryptocurrency recovered the loss the same session, closing Friday near $64,110 and

According to CoinGecko data, Bitcoin fell to about $62,530 on Friday, roughly 2.6% below its daily opening, as US forces conducted strikes on Iran for a seventh consecutive night and a selloff in semiconductor stocks accelerated globally. BTC recovered during the session to close near $64,110,

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

DL Group is pursuing the sale of its subsidiary DL Motors through individual contact with select potential buyers, with domestic auto parts manufacturers reviewing acquisition proposals at a transaction size discussed in the mid-100 billion KRW range based on 100% equity. The conglomerate is also

From 08:30 to 08:45 (UTC) on July 20, 2026, the BTC 15-minute candlestick returned -0.50%, with a price range of 63,733.8–64,282.1 USDT and an amplitude of 0.85%. BTC fell about 0.69% over the past 24 hours, dropping from $65,106 to around $64,246. As geopolitical risk heats up, short-term volatility has increased, but the overall decline remains relatively mild, and market participation is low. The main driver behind this unusual move is the continued escalation of the military conflict between

According to documents, Iraq's state oil company SOMO seeks diesel deliveries for August-September 2025, marking its first such procurement since January 2025.

Germany's Federal Statistical Office announced on July 20 (local time) that the country's Producer Price Index (PPI) for June rose 1.8% year-over-year, a deceleration from May's 2.2% increase. The slowdown was driven primarily by intermediate goods price increases, which expanded to 5.1% year-over-y

According to Germany's Federal Statistical Office (Destatis), Germany's producer price index (PPI) rose 1.8% year-over-year in June, down from 2.2% in May. Month-over-month, the PPI declined 0.3% in June, reversing the previous month's 0.3% increase. Intermediate goods prices surged 5.1% year-over-y

According to Gate data, spot gold hit $4,030 per ounce today, up 0.35% intraday. WTI crude oil fell below $82 per barrel, declining 0.57% during the day.

According to LME data via Guru Club, copper inventories decreased by 1,350 tons on July 20. Other London Metal Exchange holdings also declined: aluminum fell 325 tons, tin dropped 75 tons, zinc fell 2,575 tons, lead declined 300 tons, and nickel dropped 1,062 tons.

According to Hyperinsight monitoring, on July 20, Brent crude oil futures main contract surged above $90, hitting an intraday high of $90.97 and trading near $89, up approximately 16% since military actions resumed on July 8. A major whale (0x0e0) opened a 32,738 BRENTOIL long position on July 8 at

According to the Caspian Pipeline Consortium, oil shipments have resumed and halted again following another tanker attack on July 20. The incident marks a renewed disruption to petroleum transportation operations in the

WTI crude oil and Brent crude oil pulled back intraday on July 20, with gains narrowing to approximately 1%. WTI was trading at $83.16 per barrel, while Brent crude oil was at $87.63 per barrel.

According to the American Automobile Association (AAA), U.S. average retail gasoline prices reached $4 per gallon on July 20, driven by renewed military tensions in the Middle East region.

According to Jin10 Futures and Mu Lian Research, New Zealand pine logs arrivals at 13 major Chinese ports totaled approximately 387,000 cubic meters this week (July 20-26), down 15,000 cu.m or 4% week-over-week. Scheduled shipments declined to 11 vessels from 12 last week, a decline