Commodities (Crude Oil & Copper) & Macro Outlook

According to market sources, Saudi Aramco reduced its official selling price (OSP) for Arab Light crude oil exported to Asia in August by $11 per barrel, marking the largest reduction in at least 26 years. Goldman Sachs has raised its outlook for the international aviation industry, upgrading its

According to China Pig Industry data, hog prices hit 11.06 yuan per kilogram on July 6, climbing 1.59 yuan from 9.47 yuan on June 26—a 16.8% gain over 10 trading days and the highest level since March 2026. The rebound marks a significant shift after prices had remained below 10 yuan per kilogram

US Stocks rose on July 6, with the Dow Jones Industrial Average closing at 53,055.91, up 0.29%, marking a new all-time high, while the S&P 500 gained 0.72% to 7,537.43 and the Nasdaq Composite advanced 1.12% to 26,121.16. The rally followed a holiday closure and was driven by bargain buying in

According to the UK Maritime Trade Operations Office, a tanker reported being struck on its port side by an unidentified object off Oman recently, resulting in a fire. The vessel was heading south at the time. No injuries or environmental pollution have been reported so

On July 6, the Nasdaq climbed over 1 percent to reverse two consecutive losses, while the Dow Jones Industrial Average reached another record high. The Philadelphia Semiconductor Index rose more than 2 percent, with AMD gaining 6.6 percent. Bitcoin staged a sharp V-shaped recovery, rebounding over 4

WTI crude for August delivery closed at $68.55 per barrel on July 6 (US Eastern Time), down $0.14 (0.20%), while Brent crude settled at $71.99, down $0.13 (0.18%). The decline followed OPEC+ announcing on July 5 an August production increase of 188,000 barrels per day, while oil supply via the

According to Guru Club, arabica coffee prices surged 18% on July 7, marking the largest single-day intraday gain since July 2000.

According to Jin10, crude oil futures fell at the close on July 7. WTI August contracts declined 14 cents to $68.55 per barrel, down 0.2%, while Brent September contracts fell 13 cents to $71.99 per barrel, down 0.18%.

On Monday (July 6), soybean, agricultural commodity, and emerging markets ETFs led U.S. ETF gains, advancing 3.27%, 2.99%, and 2.85%, respectively. Nasdaq-100 ETF rose 1.43%, while gold ETF gained 1.06%. Real estate ETF and VIX call ETF declined 0.80% and 2.50%, respectively.

London Metal Exchange aluminum prices rose 0.8% to $3,115.50 per ton recently, rebounding from near four-month lows despite Goldman Sachs' warning of accelerating supply recovery from Middle Eastern smelters. According to Wú Kūnjīn, head of base metals research at Minmetals Futures Co., the rally wa

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators held net long positions of 8,963 contracts in NYMEX natural gas during the week ending June 30, an increase of 11,147 contracts from the previous week.

According to the U.S. Commodity Futures Trading Commission (CFTC), WTI crude oil speculators reduced their net long positions by 3,299 contracts to 85,187 in the week ending June 30.

On Monday (July 6), CBOT corn futures rose 3.79% to $4.5825 per bushel, while soy futures climbed 3.77% to $11.9075 per bushel at New York close. CBOT wheat futures gained 2.23% to $6.1325 per bushel. The Bloomberg Commodity Grains Index increased 3.22% to 30.4705 points. Soybean meal futures rose 2

WTI August crude oil futures fell 0.14 dollars to settle at 68.55 dollars per barrel, down 0.20 percent. NYMEX August natural gas futures closed at 3.2450 dollars per million BTU, while NYMEX August gasoline futures settled at 3.0033 dollars per gallon and NYMEX August heating oil futures at 3.2984

Shanghai futures closed mixed in evening trading on July 6. Shanghai Crude Oil Futures 2608 contract rose 0.23% to 438.30 yuan per barrel. Shanghai Gold fell 0.15% while Shanghai Silver declined 0.47%.

According to Yonhap Infomax, Isabel Schnabel, ECB Executive Board member, warned on July 6 that eurozone core inflation remains resilient despite recent headline inflation cooling. Speaking at the European System of Central Banks research network conference in Rome, Schnabel expressed concern that e

Stainless steel futures jumped 2.34% in overnight trading on July 6. Other base metals showed mixed performance: international copper edged up 0.04%, Shanghai copper rose 0.01%, aluminum increased 0.28%, zinc climbed 0.84%, nickel gained 0.41%, and tin added 0.35%. Lead slipped 0.06%, while

On July 6, LME metals posted mixed results. Copper rose 37 USD to 13,404 USD/ton, while tin surged 436 USD to 53,064 USD/ton. Aluminum gained 25 USD to 3,116 USD/ton, and zinc added 50 USD to 3,591 USD/ton. Lead fell 12 USD to 1,880 USD/ton, nickel declined 2 USD to 16,422 USD/ton, and cobalt

According to the Ukrainian Armed Forces General Staff, early on July 6, Ukrainian forces struck two Russian oil refineries—the Yaroslavl refinery in Yaroslavl Oblast and the Novatesk-Ust-Luga refinery in Leningrad Oblast—triggering explosions at both facilities. The Ukrainian unmanned systems

According to the governor of Yaroslavl Oblast, Russian forces repelled the largest Ukrainian attack on the region's oil refinery on Monday.