Commodities (Crude Oil & Copper) & Macro Outlook

US manufacturers in Rust Belt cities served by PJM Interconnection are paying significantly higher electricity costs as AI data center energy demand strains the largest power grid operator in the United States. The cost increases stem from growing data center power requirements that have driven PJM

Gold held above $4,100 on Tuesday morning as spot gold traded near $4,169.39 an ounce, up 0.10%, while spot silver traded near $61.397, down 1.03%. The modest gains came as Treasury yields moved higher to 4.499% on the 10-year note

According to a Reuters analysis published today, US manufacturers in the Rust Belt region are facing significantly higher electricity costs as growing energy demand from artificial intelligence data centers strains the power grid. PJM Interconnection, the largest grid operator in the region, has

According to the U.S. Energy Information Administration, on July 7, the agency lowered its 2027 Brent crude oil price forecast to an average of $65 per barrel, citing a faster-than-expected recovery from supply disruptions caused by the Iran conflict. The EIA's monthly report indicated that crude pr

US semiconductor stocks closed sharply lower on July 7 (US Eastern Time) as Samsung Electronics plunged despite reporting operating profit nearly 20 times higher year-over-year. The S&P 500 fell 0.45% to 7503.85, the Nasdaq declined 1.16% to 25818.69, and the Dow Jones Industrial Average

U.S. refined oil imports declined by 325,000 barrels per day in the week ended July 3, down from 213,000 barrels per day in the prior week, according to latest data.

According to the American Petroleum Institute (API), U.S. crude oil production fell to 34,000 barrels per day for the week ending July 3, down from 76,000 barrels per day in the prior week.

According to API data, U.S. crude oil imports for the week ended July 3 reached 159,000 barrels, reversing the previous week's decline of 180,000 barrels.

According to the American Petroleum Institute, U.S. gasoline inventories fell by 2.929 million barrels for the week ending July 3, compared to a forecast decline of 1.55 million barrels and a previous week's drop of 2.106 million barrels.

According to API data, U.S. crude oil inventories at Cushing declined by 69,000 barrels for the week ended July 3, compared to an increase of 503,000 barrels in the prior week.

U.S. crude oil inventories decreased by 399,000 barrels in the week ending July 3, according to data from the American Petroleum Institute (API). The actual decline fell short of market expectations of a 1.5 million barrel drop and compared with a 6.072 million barrel decrease in the prior week.

According to the American Petroleum Institute (API), U.S. heating oil inventories fell by 434,000 barrels in the week ending July 3, reversing the previous week's build of 205,000 barrels.

According to API data, U.S. refinery oil inventories fell by 1.801 million barrels in the week ended July 3, compared with forecasts of a 1 million barrel increase and the previous week's 2.922 million barrel

Exxon Mobil reported that higher oil prices contributed $3.7 billion to its second quarter profits, while geopolitical tensions and the Iran conflict resulted in approximately $1.2 billion in losses for the period. The energy giant's refining operations and chemical segment also delivered gains, con

On Tuesday (July 7), emerging market ETF fell 2.74%, with Nasdaq 100 ETF declining 1.85%, making these two classes the steepest decliners among major U.S. ETFs. Barclays U.S. Convertible Bond ETF, gold ETF, and 20+ year U.S. Treasury ETF lost up to 1.41%, while Russell 2000 Index ETF fell 0.91%.

The American Petroleum Institute (API) will release crude oil inventory data for the week ending July 3 in approximately ten minutes. The weekly inventory report is closely monitored by traders and analysts for insights into U.S. energy supply

According to Kuwait's Finance Ministry, the country recorded a budget deficit of 7.1 billion dinars for the 2025-26 fiscal year. Total government revenue reached 16.45 billion dinars, including 13.6 billion dinars from oil revenues. Total expenditure for the period stood at 23.6 billion dinars.

The Joint Maritime Information Centre (JMIC), operated by a 47-nation naval coalition, raised the maritime threat level in the Strait of Hormuz from 'Substantial' to 'Severe' on the 7th (local time). The escalation followed attacks on three commercial vessels within 24 hours in the strategic

According to Bloomberg and CBOT data, on Tuesday (July 7) at New York close, CBOT corn futures rose 1.26%, while ICE Coffee C futures fell 9.30%. The Bloomberg Grains Index gained 0.77% to 30.7049 points. CBOT wheat futures increased 0.61%, and

According to the U.S. Treasury Department's Foreign Assets Control Office, the United States rescinded a general license authorizing Iran oil sales on July 7, with wind-down transactions permitted until July 17 at midnight Eastern Time. International oil prices rose in response. Anonymous U.S.