Commodities (Crude Oil & Copper) & Macro Outlook

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.

According to CoinDesk, Bitcoin slipped 1% to $62,657 on July 7 after the US and Iran exchanged aerial strikes, as traders moved away from riskier assets. Ether, XRP, and Solana fell between 1% and 2.3%, while the Dollar Index stayed above 101 and WTI crude oil rose more than 2% to $72.27.

According to Daiwa Capital Markets, oil price declines have eased the urgency of European Central Bank policy discussions ahead of the ECB's release of June meeting minutes on Thursday (July 10). The analysis suggests that subsequent energy price drops have reduced the importance of future policy de

According to CME data, on July 7, WTI crude oil trading volume and open interest both surged, with volume increasing 163,672 contracts and open interest rising 4,635 contracts compared to the prior trading day. Brent crude oil trading activity also picked up, with volume rising 24,329 contracts,

According to the Korea Development Institute, South Korea's exports surged to $102.25 billion in June, marking a 70.9% year-on-year increase and hitting the $100 billion milestone for the first time. Semiconductor exports reached $44.82 billion, nearly tripling and exceeding $40 billion in monthly e

According to Guru Club, multiple domestic futures rose on July 8. Pure benzene, fuel oil, low-sulfur fuel oil (LU), styrene (EB), and SC crude oil surged over 5%, while methanol climbed nearly 5%, and propylene and polypropylene gained over 4%. Stainless steel (SS) fell nearly 2%, while Shanghai

According to data from the Japan Petroleum Association (PAJ) released on July 8, Japan's commercial crude oil inventory for the week ended July 4 reached 10,600,957 kiloliters, up 335,974 kiloliters from the prior week's 10,264,983 kiloliters. The refinery operating capacity (BPSD) utilization

US stock index futures rebounded during Asian trading on the morning of July 8 despite Middle East tensions. E-mini S&P500 futures rose 0.13% to 7,561.25 as of 10:18 AM Korean time, while E-mini Nasdaq100 futures gained 0.50% to 29,537.00. The recovery followed a US session where the S&P500

According to Yonhapinfomax, U.S. stock index futures rebounded on July 8 morning (Korean time) despite escalating Middle East geopolitical tensions. The S&P 500 E-mini futures rose 0.13% to 7,561.25, while Nasdaq-100 E-mini futures gained 0.50% to 29,537.00 as of 10:18 a.m. KST. Geopolitical tensio

On Tuesday, the Nasdaq 100 fell 1.8% as treasury yields spiked following Iran's attack on a Qatari liquefied natural gas tanker in the Strait of Hormuz, pushing oil prices higher. The S&P 500 ended 0.5% lower, while the Philadelphia Semiconductor Index dropped nearly 5%. Brent crude futures

According to Gate data, crude oil futures main contracts rose collectively today. SC crude rose 5.08% to 461.7 yuan per barrel, while low-sulfur fuel oil (LU) gained 5.59% to 3,983 yuan per tonne. Fuel oil also climbed 5.44% to 3,083 yuan per tonne. Asphalt losses narrowed to a decline of 1.04%, tra

According to BlockBeats, on July 8, the U.S. cancelled Iran's oil sales exemption and expanded military strikes, driving crude prices up approximately 5% as markets repriced energy supply uncertainty. U.S. military elevated shipping threat levels in the Strait of Hormuz to "critical," intensifying r