Commodities (Crude Oil & Copper) & Macro Outlook

According to reports on July 8, Northeast Asian refiners have sold at least 8 cargoes of August-loading diesel, each ranging from 300,000 to 750,000 barrels. Refining margins have eased to slightly above $45 per barrel, reflecting strength in crude oil markets, while cash spreads have softened to sl

According to Saudi National Shipping Company, the ultra-large crude carrier Vedia encountered an incident on Tuesday while transiting the Strait of Hormuz. The company confirmed that cargo remains in a safe condition and the vessel maintains good

Brent crude surged above $79 per barrel today, reaching $79.03 per barrel with a gain of approximately 6.5% intraday.

According to U.S. Central Command, on July 8, China's three major stock indices declined as the U.S. military resumed airstrikes on Iran on July 7 in response to Iranian attacks on three commercial vessels in the Strait of Hormuz. The Shanghai Composite Index fell 0.49% to 3,970.88, the Shenzhen Com

According to BlockBeats, citing Hyperinsight data, an address starting with 0xec4 significantly increased its short positions on Nasdaq 100 futures to 600 contracts (valued at approximately $17.3 million) earlier today, about one hour before Trump's statement on Middle East tensions on July 8. The a

According to sources, the Yasamal Polaris, an oil tanker operated by Chevron and used for Caspian Pipeline Consortium transport, was struck by drones off Russia's Black Sea coast recently.

According to the latest data from the Fujairah Petroleum Industry Zone, refined oil total inventory at Fujairah port increased by 2.13 million barrels week-over-week to 10.129 million barrels as of July 6. Light distillates inventory rose 0.376 million barrels to 1.579 million barrels, while

According to Gate data, WTI and Brent crude oil both rose over 3% intraday on July 8, trading at $74.18 and $78.08 per barrel respectively.

WTI crude oil and Brent crude oil both rose 5.5% today, trading at $74.33 per barrel and $78.25 per barrel, respectively.

According to Gazprom, the Krasnodar pump station supplying the Blue Stream pipeline came under drone attack, the company said in a recent statement. Blue Stream is a key gas pipeline connecting Russia to

According to Russian state-owned Gazprom, Ukraine recently attacked infrastructure used to export natural gas to Turkey. The company did not provide additional details regarding the target facility or extent of

According to the Intercontinental Exchange (ICE), UK wholesale electricity prices rose 5.55% in recent trading, reaching 110.75 pence per therm.

According to Jin10 Futures, SC crude oil main contract surged 6.24% to 466.8 yuan per barrel on July 8, driven by a confluence of geopolitical tensions and oversold valuations. The sharp rally reflected a rapid reversal of previously priced-in supply oversupply expectations, supported by stronger

WTI crude oil surged past $73 per barrel on July 8, rising 1.39% intraday, while Brent crude broke above $77 per barrel, gaining 1.59% on the day.

Margin Trade expanded its multi-asset trading platform with perpetual and spot markets for artificial intelligence company stocks, commodities, and digital assets. The Solana-native platform announced the addition of tokenized perpetual markets including NVIDIA, Tesla, Microsoft, Alphabet, Micron,

According to Jin10, on July 8, China Relin signed a framework agreement with Olympic Dam Limited for the design and supply of the Olympic Dam smelter and refinery expansion project in South Australia. The contract is valued at approximately AUD 240 million, equivalent to approximately 1.123

According to Shanghai Futures Exchange data reported by Jin 10 Futures on July 8, pulp futures warehouse warrants rose to 290,372 tons, up 1,788 tons from the previous trading day. Meanwhile, petroleum asphalt futures plant warehouse warrants declined to 12,970 tons, down 3,000 tons. Other energy co

On July 7, 2026, local time, U.S. Central Command announced the completion of a new large-scale military strike against Iran, hitting over 80 targets including Iran's air defense systems, command and control networks, coastal radar stations, and more than 60 small boats of the Islamic Revolutionary Guard Corps. The U.S. Treasury simultaneously revoked the previous 60-day sanctions exemption on Iran's oil sales. Explosions were reported in multiple locations in southern Iran, including Qeshm Isla

According to Guru Club, lithium carbonate (Li2CO3) futures contracts fell 2% today (July 8), trading at 159,840 yuan/ton.

SC crude oil main contract futures rose 6.00% intraday today (July 8), reaching 465.80 yuan per barrel.