Commodities (Crude Oil & Copper) & Macro Outlook

According to Bank of Canada Governor Tiff Macklem, on July 15, Canada's second-quarter GDP grew 2.5% as consumption resilience offset headwinds from U.S. trade policies and prior supply gluts. Macklem stated that economic growth has reaccelerated after stagnation last year, with businesses

From 16:30 to 16:45 UTC on July 15, 2026, BTC fell sharply by 0.35% within 15 minutes. The price ranged from 64,784.2 to 65,172.3 USDT, with an amplitude of 0.60%. The market is in a tight-range consolidation pattern, with heavy caution from both bulls and bears. The main drivers behind this move are the dual headwinds from geopolitical conflict and macro policy. The US has reinstated a comprehensive maritime blockade against Iran and threatened to strike infrastructure, pushing oil prices up 8%

According to LME, copper futures fell $62 to $13,582 per ton today, while tin dropped significantly by $1,033 to $52,780 per ton. Zinc declined $52 to $3,546 per ton, and lead fell $14 to $1,852 per ton. Nickel was the sole gainer, rising $38 to $16,803 per ton, while cobalt closed flat at $56,290 p

According to BP spokesman, the company plans to close its BP Ventures team, announced today on July 15.

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

July 15, 2026, 16:00–16:15 (UTC): Within 15 minutes, BTC saw a short-term pullback of 0.51%, trading in the range 65,078.6–65,459.7 USDT, with an Ampl of 0.58%. The market showed a mild pullback trend, with low Filled Amount and a strong sense of wait-and-see among participants. The main drivers behind this pullback are the divergence and tug-of-war in macro signals. On one hand, the US June CPI year-over-year fell to 3.5% (prior value: 4.2%); the cooling in inflation beyond expectations eased c

CBOT wheat rose 3.0% intraday today, closing at 724.25 cents per bushel.

U.S. Producer Price Index (monthly deflation, measuring inflation at the producer level) fell 0.3% month-on-month in June, below the 0% consensus forecast. The prior month's figure was revised downward from 1.10%

Canada's wholesale sales came in flat month-over-month at 0% in May, beating expectations of a 0.7% decline and reversing from a 0.6% increase in the prior month.

Azerbaijan's natural gas exports increased 0.5% year-over-year to 12.4 billion cubic meters during the first half of 2026.

According to Huawen Futures, fuel oil surged over 5% today (July 15) as Middle East geopolitical tensions escalated and the Strait of Hormuz faced transit disruptions again. The research note cited three drivers: rising crude oil costs, restricted imports, and strong seasonal demand for power

According to Jin10, Iran's government spokesman stated that Iran will not allow the United States to interfere in the management of the Hormuz Strait. The spokesman warned countries in the Persian Gulf region that cooperation with Washington is equivalent to declaring war against Iran.

According to Standard Chartered, central banks must prepare for a structural inflation environment where policy flexibility is limited, said the bank's Eric Robertson on July 15. Supply shocks have a greater impact when inflation is already elevated; for example, weather disruptions like El Nino

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

According to the New York Post, Gulf oil producers are planning new pipelines and ports to bypass the Strait of Hormuz following Iranian attacks on shipping. Goldman Sachs analyst Alexandra Paulus said on Monday that by end-2027, new pipelines should transfer 45% of pre-war Persian Gulf oil

The USD-KRW exchange rate reversed course during the London trading session, rising after earlier declines as Middle East tensions escalated. At 5:04 PM, the rate stood at 1,492.20 won, down 0.80 won from the previous Seoul session close, but up 1.70 won from the New York close at 6 AM. The rate

According to Yonhapinfomax, USD-KRW climbed to 1,493.20 on July 15 amid heightened Middle East geopolitical tensions driving global dollar strength. The Korean won weakened from 1,484.70 in just one hour as market risk-off sentiment intensified. Iran's government spokesperson disclosed that U.S.

According to Japan's Ministry of Economy, Trade and Industry, a tanker carrying Mexican crude oil for Cosmo Oil is expected to arrive at Japan's Yokkaichi refinery as early as Friday (July 15), marking the first Mexican oil shipment to enter Japan since the U.S.-Israel-Iran conflict began in late

According to a statement from Libya's Akakus Oil Operations Company, the company's crude oil production reached 332,056 barrels per day in July, marking the highest daily output since 2014.