Commodities (Crude Oil & Copper) & Macro Outlook

Boerse Stuttgart Group published a new survey finding that 65% of Europeans consider themselves well informed about finance and investing, while demand grows for AI-powered financial advice and personalized investment services from banks. The study surveyed 6,000 consumers across Germany, France,

According to Jin10 Futures, pulp futures warehouse inventories increased by 2,417 tonnes to 288,584 tonnes on July 7. Pulp futures factory inventories held steady at 20,000 tonnes. Among other commodities tracked, coated fine paper, fuel oil, petroleum bitumen, and medium-sour crude oil inventories

According to sources cited by Jin10 on July 7, Saudi Arabia is planning to expand its crude oil pipeline toward the Red Sea coast to enable higher exports without routing through the Hormuz Strait. The expansion aims to add approximately 2 million barrels per day (bpd) of pipeline capacity. The

Brent crude oil broke through $73 per barrel today, rising 1.32% intraday.

According to Axios, on July 7, Iran launched at least two missiles at vessels in the Strait of Hormuz, with two commercial ships struck and severely damaged. The incident comes as tensions escalate in the region amid diplomatic disputes. Shipping through the Strait remains critical for global

WTI crude oil rose over 1% intraday to $69.56 per barrel on July 7.

According to Jin10 Futures, over the past week as of July 7, Shandong independent refineries' gasoline production-sales ratio rose to 92%, up 2 percentage points from the previous week, while diesel production-sales ratio climbed to 103%, also up 2 percentage points. The increase followed earlier de

According to South Korea's Fair Trade Commission, the regulator imposed corrective orders and fines totaling approximately 747.6 billion won (roughly $560 million USD equivalent) on July 7 against four starch manufacturers—Daisho, Sacho CPK, Samyang Foods, and CJ CheilJedang—for a price-fixing

According to Reuters, on July 6, Ukrainian forces struck Russia's largest oil refinery in Omsk with drones from approximately 2,700 km away. Reuters assessed the attack as one of Ukraine's longest-range strikes since the war began. In response, Russia conducted a massive overnight assault on Kyiv u

The European Union faces strategic pressure from China's control over rare earth supply chains critical to electric vehicles, defense industries, wind power, semiconductors, batteries, and advanced manufacturing. Reuters Breakingviews stated the EU can resist China's economic pressure, but only if i

According to Guru Club, China's domestic commodity futures showed mixed performance in early session trading on July 7. Container shipping EU route (集运欧线) fell over 5%, the steepest decline of the session. Among gainers, liquefied petroleum gas (LPG) rose over 2%, while vegetable oil and

According to Jin10 Futures, over the weekend on July 7, OPEC+ decided to continue production increases, marking multiple expansion decisions within the past six months. The strong production increase intent from Saudi Arabia, despite near-term constraints from Strait shipping disruptions, is

According to official statements, ADNOC and INPEX signed a 15-year liquefied natural gas purchase agreement on July 7, with ADNOC supplying 1 million tons annually from the Ruwais project. The long-term orders represent over 90% of the project's total production capacity, with approximately 23%

According to Guru Club, BHP received approval today (July 7) to launch a $15 billion copper mine expansion project in Chile.

Central banks face shifting monetary policy outlooks as international oil prices returned to pre-US-Iran war levels. WTI crude futures fell below $70 per barrel, nearing the February 27 closing price of $67.02, while Brent crude dropped to $70 in early July from over $126, falling below the late-Feb

According to Yonhapinfomax, WTI crude oil futures fell below $70 per barrel following the US-Iran ceasefire memorandum signed in mid-June, down from nearly $120 in late February. Brent oil similarly dropped to $70, approaching pre-war levels. Market expectations for Fed rate increases have

Brent crude oil prices rose 1.00% during intraday trading on July 7, reaching $72.79 per barrel.

WTI crude futures gained 1.00% intraday, trading at $69.24 per barrel on July 7.

The Shipping Index (Europe Route) main contract fell over 6% during intraday trading on July 7, currently trading at 2421.0 points.

Neuberger Berman Chief Investment Officer Ashok Bhatia forecasts the Federal Reserve will maintain rates frozen rather than hiking or cutting, describing this as a 40% probability baseline scenario in a report released on the 6th (local time). The forecast stems from expectations of US