Commodities (Crude Oil & Copper) & Macro Outlook

The Joint Maritime Information Center (JMIC), a multinational maritime surveillance body led by the US Central Command, upgraded the threat level for the southern Red Sea and Bab el-Mandeb Strait from 'Moderate' to 'Substantial' on the 23rd (local time). The decision followed an attack on a

On July 23, WTI September crude futures closed up 5.36 dollars, or 6.17%, at $92.19 per barrel. Abu Dhabi Murban crude futures surged 20.71% to $108.00 per barrel. NYMEX August natural gas futures settled at $2.9160 per million British thermal units, while August gasoline futures closed at $3.4964 p

Shanghai gold futures closed down 2.25% to 884 yuan per gram, while Shanghai silver futures fell 4.22% to 14,110 yuan per kilogram in overnight trading at 2:30 a.m. on July 23. SC crude oil futures rose 7.11% to 604 yuan per

Shanghai Futures Exchange crude oil contract 2609 closed up 7.11% overnight (July 23), ending at 604 yuan per barrel. Shanghai gold futures fell 2.25%, while Shanghai silver futures declined 4.22% in the same

According to Jin10 Data, international oil prices rallied sharply on July 24. WTI crude oil surged 8.00% to $93.87 per barrel, while Brent crude oil climbed 6.00% to $96.11 per barrel, both posting significant intraday

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to Iran's Tasnim News Agency, an Iranian oil tanker entered the Oman Sea from international waters minutes ago, disregarding U.S. claims of a blockade.

According to Yonhapinfomax, Brent crude oil for September delivery surged above $100 per barrel on July 23 as Houthi militants attacked Saudi shipping in the Red Sea. Iranian Parliament Speaker Mohammad Baqer Ghalibaf responded to U.S. pressure with a mocking post on X, stating that Tehran's

EU member states agreed on the 21st package of sanctions against Moscow this July, maintaining Russia's oil price cap at $44.10 per barrel through July 2027. The sanctions package adds 32 Russian banks to trading ban lists and includes measures targeting crypto asset companies and oil trading

According to LME data today (July 23), copper futures fell $214 to close at $13,594 per ton, leading broad-based declines across base metals. Aluminum fell $4 to $3,188/ton, zinc dropped $6 to $3,586/ton, and lead declined $3 to $1,894/ton. Nickel fell $1 to $53,326/ton, and tin decreased $596 to $

According to market sources, OPEC+ may decide to increase its September oil production quota by approximately 188,000 barrels per day during its August 2 meeting, three sources said.

According to Yonhapinfomax, on July 23 (U.S. Eastern Time), U.S. 10-year Treasury yields rose 4.70 basis points to 4.704%, while 2-year yields climbed 5.60 basis points to 4.358%. The 30-year yield increased 3.40 basis points to 5.180%. Geopolitical tensions in the Middle East, including threats to

According to BlockBeats and CME data, on July 24, three macroeconomic pressures pushed markets into turmoil: crude oil touched $100, the 10-year Treasury yield surged to 4.7%, and the dollar index climbed above 101. These moves have elevated the probability of a Federal Reserve rate hike next week t

According to Jin10, the U.S. will announce its response plan Thursday evening for the expiring 10% baseline tariff, which is set to expire Friday. White House Press Secretary Karolyn Levitt stated that U.S. Trade Representative Jamieson Griller will release the government's tariff plan later Thursda

According to Barrick Mining Corp., the company will begin evacuating employees stranded at its Barriales and Potrerillos camps in northern Chile by helicopter starting Friday, following a severe storm that cut off road access. The company stated in a statement that personnel at both facilities

WTI crude oil jumped 7% intraday today, breaking through $93 per barrel. Brent crude rose more than 5%, trading at $95.31 per barrel.

According to Reuters, the European Union approved its 21st sanctions package on July 23, targeting 218 individuals and entities linked to Russia's war in Ukraine. The measures hit over 100 banks, 94 Russian financial institutions, 32 additional banks with transaction restrictions, and crypto

Swap market pricing shows a 100% probability of the Bank of England increasing rates by 51 basis points by year-end, the first upward revision since July 14, up from Wednesday's forecast of 44 basis points. This reflects strengthened market expectations for prolonged tight monetary conditions as

Crude oil and styrene futures rose over 3.2% during overnight trading on July 23, while low-sulfur fuel oil, pure benzene, and asphalt gained over 2%. Hot-rolled coil fell over 0.3%, iron ore dropped about 0.5%, and soda ash declined

According to Reuters calculations, Russia's federal oil and gas tax revenue increased 60% year-over-year in July, reaching 1.3 trillion rubles, driven by rising global oil prices.