Commodities (Crude Oil & Copper) & Macro Outlook

Gate News: According to the latest Gate TradFi data, OJUICE (Orange Juice) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to the University of Michigan, U.S. consumer confidence rose to 54.4 in July (released today, July 17), up from 49.5 in June, exceeding economist expectations of 51.0. The surge was driven primarily by declining gasoline prices, which eased household living cost pressures. The one-year

From 15:45 to 16:00 (UTC) on July 17, 2026, BTC rose 0.39% within 15 minutes, hitting a price range of 63,142.2–63,450.6 USDT and an amplitude of 0.49%. Despite a modest short-term rebound, over the past 24 hours BTC has fallen from the $64,900.7 high to around $63,372.4, marking a cumulative drop of about 1.91% and suggesting an overall mild pullback. Market attention is high, volatility has increased, but candlestick trading volume is low (178.25 BTC/hour). The order book depth is extremely sh

US Treasury bond prices rallied across maturities during the trading session, with the 10-year Treasury yield falling 5.40 basis points to 4.514% as of 9:37 AM Eastern Time. The bond market rally was driven by intensified risk-aversion sentiment as the US-Iran military conflict escalated and US

According to Yonhapinfomax, the 10-year U.S. Treasury yield fell 5.40 basis points to 4.514% on July 17 (U.S. Eastern time, 9:37 a.m.), as risk-averse sentiment intensified amid escalating U.S.-Iran military conflict. The 2-year yield declined 3.40bp to 4.122%. U.S. equity markets plunged, with the

On Friday (July 17), ICE UK natural gas futures surged 5.58% to 140.170 pence/therm, with weekly cumulative gains reaching 19.61% since the rebound from June 25. TTF benchmark Dutch natural gas futures rose 5.01% to 57.935

On Friday, July 17, major stock indices globally declined sharply. Japan's Nikkei 225 fell 4%, China's Shanghai Composite dropped 3.05%, and the Hang Seng Index slid 1.78%. Nasdaq 100 futures fell 2% in pre-market trading. The selloff coincided with escalating tensions in the Middle East, where U.S.

U.S. import prices excluding gasoline increased 0.5% month-over-month in June, beating forecasts of 0.4% and down from the prior month's 0.8% gain, indicating a moderation in import price pressures.

U.S. import prices increased 0.3% month-over-month in June, surpassing economist expectations of a 0.7% decline. Additionally, the prior month's figure was revised downward to 1.7% from the initially reported 1.9%.

U.S. export prices fell 0.6% month-over-month in June, according to Labor Department data, undershooting economists' forecast of -0.4%. The prior month's figure was revised upward to 1.2% from the initially

According to Jin10 on July 17, India proposed new fuel efficiency standards for passenger vehicles to reduce oil imports and lower emissions, one of the main sources of urban pollution. The new standards will apply to vehicles produced over the next five years through March 2032, with consumption

According to industry sources, Kazakhstan exported its first shipment of 1,000 tons of gasoline to Russia's central regions on July 17. The supply comes as Russia faces gasoline shortages due to ongoing Ukrainian drone strikes on Russian refineries. To address fuel supply constraints, Russian

According to Kpler, confirmed transits through the Strait of Hormuz fell to a three-week low on July 16, with only 8 passages recorded.

Brent crude oil hit $85 per barrel on July 17, climbing 1.06% intraday.

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to Guru Club, Brent crude oil futures surged 2% to $85.942 per barrel on July 17.

According to IEA chief Fatih Birol, on July 16, global energy security will face a critical alert if oil transportation through the Strait of Hormuz is not restored within weeks. Speaking at an event hosted by the Council on Foreign Relations, Birol warned that current oil supply security remains a

According to Bloomberg, the European Commission has approved a proposal to reform the EU Emissions Trading System (EU ETS) after 2030. The plan slows the annual reduction rate of carbon emission limits to 3.7% between 2031 and 2035, then further to 1.7% from 2036 onward. For industries covered by th

Hongkong Transport Holdings (stock code 00554), parent company of Citybus, announced that ongoing Middle East crisis has driven diesel prices to surge over 100% since late February, rising from approximately $90 per barrel to over $200 per barrel, directly impacting its non-wholly owned subsidiary C