Commodities (Crude Oil & Copper) & Macro Outlook

U.S. stock futures traded mixed in the overnight session on Wednesday, with the S&P 500 futures declining 0.32% and Nasdaq 100 futures down 0.46% as of 9.20 p.m ET, while Dow futures rose 0.03%. The U.S. and Iran traded fire overnight in one of the most significant escalations since the ceasefire to

According to Russian Deputy Prime Minister Alexander Novak, on June 4, the international oil market could face substantial supply shortages in the coming months if the Middle East conflict continues, Xinhua

According to Shanghai Futures Exchange, as of June 4, warehouse receipts across 23 commodities showed mixed movements. Alumina led gainers with receipts increasing 13,238 tons to 422,363 tons, while hot-rolled coil fell 10,897 tons to 453,480 tons. Silver climbed 8,473

Brent crude oil fell 2% intraday, trading at $95.28 per barrel on June 4.

According to Singapore Economic Development Board, as of June 3, Singapore's light distillates inventory declined 3.12 million barrels to 11.496 million barrels, marking a 34-week low.

According to Singapore's Enterprise Singapore, middle distillate stocks fell 1.667 million barrels as of the week ended June 3, reaching 7.297 million barrels, marking a 12-week low.

According to Kitco, spot gold fell 0.81% to $4,451.70 per ounce and silver dropped 1.37% to $74.105 on Wednesday, as rising oil prices, a firmer U.S. dollar and escalating U.S.-Iran hostilities offset safe-haven demand. U.S. and Iranian forces exchanged fire after Washington disabled an Iranian

According to Russian Deputy Prime Minister Novak, Russia expects to achieve its OPEC+ oil production quota this year.

According to Russian Deputy Prime Minister Novak, Russia's oil production has declined since the beginning of 2026 due to unplanned maintenance at refineries.

The Commodity Futures Trading Commission has rescinded a nearly three-decade-old enforcement policy that prohibited defendants from publicly denying allegations after settling with the agency. The move eliminates the Commission's long-standing 'no-deny' settlement requirement, aligning the CFTC with

According to the Zhengzhou Commodity Exchange, the trading margin standard for thermal coal futures contract 2706 is set at 50%, with a daily price limit of 10%, as announced on June 4. Margin and limit standards that exceed these thresholds under existing rules will continue to

According to Jin10 Futures, on June 4, pulp futures warehouse inventory rose to 232,741 tons, up 5,623 tons from the previous trading day. Low-sulfur fuel oil warehouse inventory fell to zero, down 2,000 tons. Inventory for the remaining eight energy and chemical products remained

According to London Stock Exchange Group data, French base-load electricity prices surged 293.94% to €32.5/MWh recently.

According to CCTV Finance and China's National Development and Reform Commission, domestic gasoline and diesel prices will drop effective tonight (June 4). National average 92-octane gasoline will fall 0.41 yuan per

On June 4 at market close, multiple China-focused commodity ETFs declined. Xinhua Energy and Chemical Futures ETF led losses with a drop exceeding 2%, while Huaxia Soybean Meal Futures ETF, Dachengrui Non-Ferrous Metals Futures ETF, and Guotai Silver Futures (LOF) each fell over 1%. Guolian An

According to China's National Development and Reform Commission (NDRC), domestic gasoline and diesel (standard grade) prices will be reduced by 525 yuan and 505 yuan per ton, respectively, effective June 4 at

According to Jin10 data, as of May 29, the U.S. EIA strategic petroleum reserve inventory reached its lowest level since the week of January 19, 2024. Crude oil inventory recorded its largest weekly decline since the week of February 13, 2026, signaling tightening supply conditions in the American e

According to Jin10 Data, HSBC released its Q3 2026 Global Investment Outlook on June 4, favoring investment-grade bonds to capture coupon yield alongside emerging market local currency debt. The bank highlighted that gold remains an effective hedge and diversification tool, while infrastructure inve

The Shanghai Containerized Freight Index (Europe route) main contract dropped sharply today, touching 3,600.0 points with an intraday decline of 3.38%.