Commodities (Crude Oil & Copper) & Macro Outlook

According to CNN, Trump declared on July 8 that the memorandum of understanding with Iran "is over," citing the breakdown of peace talks and renewed military escalation. Bitcoin plunged below $62,000 within minutes of the announcement, while crude oil (USOIL) surged to $75 for the first time since J

According to Fed Governor Christopher Waller, U.S. stock futures traded mixed early Tuesday as markets braced for the June CPI print at 8:30 a.m. ET. Fed Chair Kevin Warsh will deliver his first semiannual Monetary Policy Report to Congress at 10:00 a.m. ET. Five of the six largest U.S.

According to BeInCrypto, the United Arab Emirates is expected to exit OPEC and OPEC+ within 48 hours on May 1, marking the end of more than 50 years of coordinated Middle Eastern oil policy. Senior figures from the BRICS+ Consortium confirmed the move exclusively to the outlet, with Dr. Ebrahim D. M

Brent crude oil surged 11% to $83.31 on Monday, marking one of the sharpest daily gains since the US-Iran conflict escalated in late February. The rally was driven by renewed US military strikes on Iranian targets over the weekend and Washington's plan to take direct control of the Strait of

According to Jin10 Futures, on July 14, EU safeguard quota clearance concerns and rising import uncertainty prompted European steelmakers to raise benchmark offers for September-delivery hot-rolled coil to €710–720/ton. The quota constraints have forced cancellations of some overseas orders and

According to Jin10, BCA Research analyst Felix Vezina-Poirier said on July 14 that surging oil prices could encourage the United States and Iran to cool their Middle East conflict. Both sides are willing to demonstrate strength but do not want to see consequences of larger-scale escalation, the anal

According to Bloomberg, Asian oil refiners have recently resumed negotiations for U.S. crude spot shipments as escalating U.S.-Iran tensions disrupt vessel traffic through the Strait of Hormuz. At least three industry participants involved in U.S. crude sales and Asian refining procurement

According to Jin10, Huashun Petroleum announced on July 14 that it expects net profit attributable to shareholders for the first half of 2026 to reach 68-88 million yuan, representing a year-over-year increase of 384.02%-526.38%. The company attributed the profit surge to geopolitical tensions that

According to Treasury data reported by Agence France-Presse, U.S. tariff refunds totaled $81 billion in the fiscal year ending July 2026, up from $5 billion the previous year. The surge followed the Supreme Court's 6-3 decision in February that found Trump exceeded his authority by using the

According to Iran's SNN news agency, an Iranian military spokesman stated today that the Strait of Hormuz will not be opened due to U.S. aggression and war.

According to the London Metal Exchange, copper inventory fell 1,675 tonnes, tin declined 115 tonnes, nickel remained unchanged, zinc dropped 825 tonnes, lead increased 80,700 tonnes, and aluminum fell 1,625 tonnes on

According to Xinhua, the 'Mombasa' and 'Bahia' tankers were struck by projectiles today (July 14) while transiting the Strait of Hormuz, the Abu Dhabi National Oil Company confirmed.

According to Francesco Pesole, an analyst at ING, on July 14, narrowing short-term rate differentials between the US and eurozone are providing support for EUR/USD. With market expectations for European Central Bank rate hikes cooling, eurozone short-term rates have room to recover, bolstering euro

According to the UK Maritime Trade Operations (UKMTO), a tanker was struck by a missile near Oman on July 14. The incident occurred approximately 13 nautical miles southeast of Muscat along the southern shipping route. Authorities are investigating the incident.

According to Bank of America fund managers survey, investors lowered their 2026 year-end oil price forecast to $71 per barrel from $86 projected in June, reflecting revised expectations for global energy

Pan Guoguang, Head of Investment Strategy and Research at Fubon Bank (Hong Kong), stated that semiconductor stocks face selling pressure as US technology giants increasingly invest in their own semiconductor operations and require chip companies to use their services. Pan projects Hong Kong stocks c

According to Jin10 Futures citing Shanghai Futures Exchange data, as of July 14, 2026, petroleum asphalt warehouse inventories increased 1,980 tons to 11,290 tons, while asphalt factory stocks rose 2,000 tons to 19,110 tons day-on-day. Pulp futures warehouse inventories also gained 6,635 tons to 309