Commodities (Crude Oil & Copper) & Macro Outlook

According to Yonhapinfomax, oil prices declined on July 9 despite the fourth consecutive day of military exchanges between the United States and Iran. August delivery West Texas Intermediate crude fell $1.44, or 1.96%, to close at $72.08 per barrel on the New York Mercantile Exchange. Brent crude fo

According to Nigeria's upstream petroleum regulator NUPRC, Exxon Mobil and its partners will invest $1 billion in the Usan Infill Project, an offshore oil development project, earlier this week. The investment is expected to increase daily crude production by 40,000 barrels per day. The project

On Friday, WTI crude oil futures opened down 0.4% to $71.81 per barrel. Investors are weighing geopolitical risks related to Iran amid broader market uncertainty.

US Treasury bond prices rose for the first time in three days on the 9th afternoon at 3pm Eastern Time, with short-term maturities showing relative strength. The 10-year Treasury yield fell 2.80 basis points to 4.5390%, while the 2-year yield dropped 3.50bp to 4.1640%, according to Yonhap Infomax

On Thursday (July 9), the U.S. dollar index fell to 100.96, driven by declining oil prices and Federal Reserve meeting minutes that revealed significant policy divisions among officials. The June 16-17 FOMC minutes released Wednesday showed that while the Fed kept rates unchanged, policymakers

According to financial investment industry analysts, U.S. companies continue facing pricing pressures as of July 10, despite market expectations of tariff relief. Companies are progressively passing cost burdens to consumers through gradual price increases, driven by tariffs, rising raw material cos

South Korean President Lee Jae-myung conducted a state visit to Mongolia on July 9 (local time) and held a summit with President Okhna Khurelsukh, where both leaders announced the agreement in principle on a Comprehensive Economic Partnership Agreement (CEPA). The agreement aims to expand

According to Yonhapinfomax, South Korea's President Lee Jae-myung and Mongolia's President Khurelsukh announced the provisional conclusion of a Comprehensive Economic Partnership Agreement (CEPA) on July 9, pledging to expand bilateral trade to $1 billion by 2030. Under the agreement, Mongolia

CME Group, the world's largest derivatives exchange operator, announced on the 9th (local time) the introduction of Treasury Link, a new product designed to simplify basis trades favored by hedge funds. The product converts the current multi-step process of purchasing US Treasuries and taking

According to CME Group, the world's largest derivatives exchange introduced Treasury Link on July 9, enabling traders to simultaneously buy U.S. Treasury securities and sell corresponding futures contracts in a single electronic transaction. Previously, this required multiple steps. The new

Capital.com recorded $1.13 trillion in client trading volume during the second quarter, with Gold representing 42.4% of total platform activity as geopolitical tensions, commodity market volatility, and shifting US interest rate expectations drove retail traders toward precious metals before

According to Capital.com, gold dominated retail trading activity on the platform during the second quarter of 2026, representing 42.4% of the total trading volume amid geopolitical tensions and shifting interest rate expectations. The platform processed $1.13 trillion in client trading volume

According to Canadian Prime Minister Mark Carney, Saudi Arabia's $1 trillion Public Investment Fund (PIF) has accepted an invitation to attend an investment summit he will host in Toronto in September. Carney stated that Saudi investors are interested in Canada's energy, mining, and infrastructure s

According to the White House, U.S. Commerce Secretary has recommended against initiating Section 232 tariffs at this time. Section 232 refers to a provision allowing the U.S. president to impose tariffs on imports deemed to threaten national

On Thursday (July 9), Nasdaq-100 ETF rose 1.66%, outpacing gains across major U.S. asset class ETFs. Russell 2000 ETF gained 1.28%, while gold ETF rose 1%. Barclays U.S. Convertible ETF and S&P 500 ETF each climbed at least 0.85%, with emerging markets ETF up 0.83%. Commodity and real estate ETFs

On Thursday (July 9), Latin American stocks and currencies rallied as oil prices retreated, lifting regional risk sentiment. The MSCI Latin America currency index rose 0.7%, while the Latin America stock index gained 1.4%. Colombia's peso led regional gains with a 1.2% increase against the dollar, t

According to the White House, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) currently lack Democratic commissioners, with no new nominees announced to fill the vacancies as of today (July 9). Both financial regulators face understaffing at the

According to ICE Futures, Brent crude for September delivery fell 2.2% to $76.30 per barrel on July 9, as concerns about economic slowdown and reduced oil demand outweighed geopolitical supply risks from U.S.-Iran

According to Coinglass data, bitcoin recovered to $63,000 on Thursday (July 9) after dropping over 3% following U.S.-Iran military clashes. Over $52 million in liquidations were recorded across long and short positions as Brent crude oil retreated below $76 per barrel. Bitcoin traded just

According to Wenward Maritime Analysis, transit traffic through the Strait of Hormuz plummeted from July 7 to 9 amid escalating US-Iran military exchanges. On July 7, the strait recorded 51 transits with 35 vessels departing the Persian Gulf; this fell to 35 transits and 18 departures on July 8.