Commodities (Crude Oil & Copper) & Macro Outlook

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

According to ITAR-TASS, part of Gazprom's Salavat Petrochemical Plant facilities damaged in a recent drone attack have been restored.

According to Jin10 Futures, Shanghai Futures Exchange energy-related warehouse inventory on July 20 showed mixed movements. Pulp futures warehouse inventory decreased to 310,147 tons, down 2,612 tons from the previous trading day. Fuel oil futures inventory also declined to 30,960 tons, down 2,700 t

According to President Prabowo Subianto, Indonesia will halt all diesel imports starting July 2026, becoming the first country to mass-produce B50 biodiesel from palm oil. The President's office stated that Indonesia has successfully achieved self-sufficient diesel fuel production through its B50 bi

According to Meritz Securities research on July 20, server DRAM spot prices surged to over $3,100, representing a 146% premium above June-end contract prices of $1,380. The spike was driven by sovereign AI projects including Saudi initiatives, new AI data center testing demand, and severe

On July 20, international energy markets saw a landmark moment. Brent crude futures surged through the $90-per-barrel mark in one move, topping out at $91.42 during the day; WTI crude futures also climbed into the $84 range. This breakout level is not coincidental—over the past week, Brent crude has risen 15.9% in total, posting the largest single-week gain since April; from the early-July low near $71, the rebound is already close to 30%. {currencycard:tradfi}(XTIUS

According to CoinDesk, on July 20, Bitcoin traded near $64,200 while Ether rose to $1,860, XRP held at $1.09, and Solana traded at $76 with most crypto tokens showing little movement. Brent crude spiked 4% to $91.42 a barrel amid Middle East conflict, stoking inflation concerns that have prompted an

According to Guru Club, lithium carbonate futures fell more than 6% intraday on July 20, currently trading at 143,280 yuan per ton.

According to Gate data, Brent crude oil broke above $89 per barrel, up 2.60% intraday on July 20.

According to Guru Club, LPG futures main contract surged 9.25% on July 20, now trading at 5,718 yuan per ton.

According to Guru Club, liquefied petroleum gas (LPG) main contract surged 10.00% intraday on July 20, now trading at 5,759 yuan/ton.

According to Commerzbank rate strategist Rainer Guntermann, rising oil prices are expected to lock in a European Central Bank rate hike in September, with markets already fully pricing in this expectation. ECB President Christine Lagarde may adopt a hawkish tone on inflation risks. However, as

Gulf Basins Petroleum has temporarily suspended production as a precautionary measure in response to changes in regional security conditions. The company confirmed its assets remain unaffected, with Shaikan field output exceeding 45,000 barrels per

According to Guru Club, the Baltic Shipping Index (European route) main contract rose 8.0% to 2,852.0 points today (July 20).

Germany's producer price index (PPI) rose 1.8% year-over-year in June, matching economists' expectations and declining from 2.2% in May.

From 05:00 to 05:15 (UTC) on July 20, 2026, BTC fell 0.46% over 15 minutes. The price range was 64,080.1–64,562.8 USDT, with a spread of 0.75%. Against a backdrop of rising geopolitical tensions, the market adopted a wait-and-see stance; trading volume was just 179 BTC, reflecting extremely low participation. Neither the long nor the short side showed a clear consensus on direction. The main driver behind this move was a rapid escalation in the U.S.-Iran conflict. For the ninth consecutive night