Commodities (Crude Oil & Copper) & Macro Outlook

According to Bloomberg commodity data, CBOT corn futures fell 1.28% to $4.6350 per bushel on Thursday, July 16, as the Bloomberg commodity index declined 0.77% to 31.5539. Other CBOT contracts also posted losses: wheat futures dropped 0.48% to $6.7425/bu, soybean futures fell 0.67% to $11.9375/bu,

According to Jin10, three explosions were heard west of Abbas Port, Iran on July 16, local time.

Shanghai Futures Exchange commodities fell during overnight trading on July 16. Crude oil futures (September 2026 contract) closed down 0.46% at 514.40 yuan per barrel. Gold futures fell 1.34%, while silver futures

According to Bloomberg News, Chevron plans to sign agreements with Iraq on Friday (July 15) to advance investments in major oil fields and explore building a pipeline to help Iraqi oil bypass the Strait of Hormuz. A company executive stated Thursday that the accords are expected to be non-binding bu

According to BHP's production report, the mining giant's Western Australian operations achieved record iron ore production of 291.2 million tonnes on a 100% equity basis in FY2026, up 0.4% year-over-year from 290 million tonnes in FY2025. Average realized prices rose 3% to $84.56 per wet tonne in th

According to Yonhapinfomax, on July 16, Abdul Malik al-Houthi, the leader of Yemen's Iran-backed Houthi rebels, warned that all Saudi oil facilities and critical infrastructure would become targets for Houthi missiles and drones if Saudi Arabia continues full-scale military attacks on Yemen. Al-Hout

WTI crude oil declined 2.00% during intraday trading on July 16, with prices settling at $78.13 per barrel.

From 17:00 to 17:15 (UTC) on July 16, 2026, BTC fell 0.48% over a 15-minute cycle, dropping back into the $64,167.9–$64,480.7 USDT range, with an amplitude of 0.49%. Although this pullback was mild, it occurred amid a sharp rise in geopolitical risk, with a clear increase in market risk-hedging sentiment. As a risk asset, BTC saw only marginal selling pressure. The main driver behind this move was a rapid escalation in a U.S.–Iran military conflict. The U.S. expanded airstrikes on northern Iran

On July 16, Chinese metal futures closed with mixed performance on the night session. Base metals posted gains led by Shanghai lead, which surged 1.57%, followed by Shanghai nickel up 0.61%, Shanghai tin up 0.53%, Shanghai zinc and aluminum each up 0.39%, while international copper rose 0.01% and Sh

The National Association of Home Builders (NAHB) announced on July 16 local time that the US Housing Market Index (HMI) fell 2 points to 34 in July, missing the market expectation of 35. The decline reflects persistent affordability challenges driven by high mortgage rates, expensive land, rising ma

According to Kpler data and sources familiar with the flows, Iraq's crude oil loadings more than doubled in the first half of July, reaching approximately 1.2 million barrels per day, compared with about 500,000 bpd in June. The increase comes after several months of restricted exports, with

Australian Treasurer Jim Chalmers blocked Chinese investors from exercising control over Northern Minerals, a rare earth mining company, through orders issued in April and May. The government required shareholders to divest their stakes after discovering Chinese-linked ownership structures, but

According to the Iraqi Oil Ministry statement on July 16, oil loading operations at southern ports continue normally. The ministry confirmed that while an unidentified object was reported to have fallen near a tanker in Iraqi southern waters, no fire or vessel damage resulted from the

According to Kpler data reported by CCTV News, only 13 commercial vessels transited the Strait of Hormuz today (July 16), with 8 departing the Persian Gulf and 5 entering it. This traffic volume represents approximately one-tenth of pre-war average daily throughput. Among the vessels entering the Pe

Brent crude oil hit $85 per barrel on July 16, gaining 0.40% during the trading day.

Darwinex has integrated its brokerage accounts with TradingView, allowing traders to place forex, index and commodity CFD orders directly from TradingView charts while using the resulting activity to build a verified performance record that can compete for Darwinex seed allocations and third-party i

Darwinex has integrated its brokerage with TradingView, allowing traders to execute forex, index and commodity CFD orders directly from charts while automatically building verified performance records that compete for seed allocations and third-party investor capital. Each transaction flows into Dar

The Bureau of Labor Statistics reported yesterday that wholesale prices unexpectedly decreased last month, providing signs that inflation could be returning to normal ranges. Fed Chairman Kevin Warsh told the Senate banking committee that the data is moving in the right direction, though he

According to Guru Club, WTI crude oil and Brent crude both rose more than 1% today (July 16).

WTI crude oil touched $80 per barrel today, rising 0.35% during intraday trading on July 16.