Commodities (Crude Oil & Copper) & Macro Outlook

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

According to E Daily, OPEC faces an existential crisis as member states engage in production competition following the recent reopening of the Strait of Hormuz. Saudi Arabia, the bloc's leading producer, has sharply reduced prices for its flagship crude, causing international oil prices to decline a

Oxford Economics (OE) identified the sustainability of the US-Iran peace agreement as the pivotal factor for the global economy in the second half, according to a report released on 6일 (local time). The institution stated that whether the peace agreement continues will determine if other risk factor

According to Oxford Economics, released on July 6, the continuity of a U.S.-Iran peace agreement will determine whether key global economic risks amplify or ease in the second half of 2026. The firm identified three major headwinds: Middle East tensions, artificial intelligence supply chain

Japanese government bonds experienced severe selling pressure on July 6, with the 10-year yield surging to 2.830% intraday — the highest level since October 1996. The spike followed Prime Minister Takaichi Sanae's announcement of an annual 10 trillion yen

According to Guru Club, China commodity futures surged in early trading on July 7. Stainless steel jumped over 2%, while liquefied gas and soybean meal rallied over 1%. Nickel and tin also posted modest gains. Shipping costs on the Europe route fell over 3%, leading declines. Glass and palladium

BMO diagnosed that financial markets have exited the so-called 'Goldilocks' phase based on low inflation and solid growth, entering a new investment environment driven by high interest rates, persistent inflation pressures, and tight liquidity conditions. Mark McCormick, BMO's head of foreign

The Containerized Freight Index (CFI) Europe route main contract fell over 4% during intraday trading today, July 7, closing at 2,469.5 points.

According to BMO FX strategy head Mark McCormick, on June 6, the financial market has exited the "Goldilocks" phase of low inflation and stable growth, entering a new investment environment dominated by high interest rates, persistent inflation pressure, and tighter liquidity. McCormick stated in a

According to Jin10 Futures, crude oil prices maintained volatility in early trading on July 7, with U.S. crude trading above the $69 mark.

According to Jin10 Futures, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open higher on Tuesday (July 7), following strength in Chicago soybean oil markets. High temperatures and dry conditions in the U.S. Midwest could stress soybean crops,

The USD-KRW 1-month NDF rose in overnight trading, with overseas brokers reporting a final mid-rate of 1,527.60 won last night. Accounting for the recent 1-month swap point of -1.30 won, the NDF rate reflects a 3.30 won increase compared to the Seoul FX market spot close of 1,525.60 won on the

According to investment firm Summit Place Financial Advisors, investors are expected to focus on high oil prices' impact on enterprise costs, profit margins, and product prices as the U.S. Q2 earnings season gets underway. The firm noted that while overall second-quarter business performance is

According to Lyon Securities, global annual gas turbine demand is projected to reach approximately 120 GW between 2025 and 2030, up 20% from 2025's baseline of 100 GW.