Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, WTI crude futures broke through $76 per barrel on June 19, up 0.32% intraday.

According to Jin10 Futures, on Friday (June 19), LME three-month copper fell 0.54% amid expectations of sustained higher U.S. interest rates. Nearly half of Federal Reserve policymakers now believe the U.S. requires rate hikes this year, which could dampen demand for growth-dependent industrial

According to Reuters, on June 18, CME Group filed a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC) and Chair Michael Selig, challenging the agency's approval of Bitcoin perpetual futures from Kalshi and Coinbase. CME argued that these products should be classified as swap

Abu Dhabi National Oil Company announced that crude oil can be supplied through a loading plan starting from April 27.

According to Investinglive analyst Eamonn Sheridan per Jin10, U.S.-Iran nuclear talks face an early setback on June 19, with the first negotiating meeting not yet scheduled despite the 60-day countdown in the memorandum of understanding already underway. The cancellation of Vance's planned visit

According to Bank of Japan Deputy Governor Ryozo Himino, producer prices in April rose at a faster pace than expected due to rising oil prices.

Bank of Japan Deputy Governor Ryozo Himino stated that the central bank intends to provide a more comprehensive analysis of oil's impact on inflation when updating its quarterly forecasts in July.

According to Bank of Japan Deputy Governor Ryozo Himeno, rising fuel costs could increase their impact on consumer prices this summer. The remarks highlight the central bank's monitoring of inflation pressures amid seasonal energy demand

According to Jin10 Futures, due to the U.S. Juneteenth holiday on June 19, CBOT agricultural futures, ICE sugar and cotton futures will be closed on June 20. CME precious metals, energy, forex, equity index, and U.S. Treasury futures contracts will end trading early at 01:00 Beijing time on June 20,

According to CME's filing in U.S. District Court for the District of Columbia on June 19, Chicago Mercantile Exchange Group has sued the U.S. Commodity Futures Trading Commission and its Chair Michael Selig over the regulator's approval of crypto perpetual futures. The lawsuit was triggered by

According to Jin10, on June 19, U.S. and Chinese stock markets close for the day due to the Dragon Boat Festival coinciding with Juneteenth. The CME (Chicago Mercantile Exchange) halted trading in precious metals, energy, forex, equity index, and U.S. Treasury futures contracts at 1:00 AM Beijing ti

New Zealand's exports reached NZD 8.88 billion in May, according to official statistics. The prior month's figure was revised downward to NZD 8.27 billion from the previously reported NZD 8.62 billion.

According to a June 4 memo, American Perpetuals Exchange Corporation, led by Theodore Gillibrand, raised $30 million at an estimated $300 million valuation to build a regulated U.S. venue for perpetual futures. The company plans to file for a Designated Contract Market license with a special

According to Iraq's Oil Minister Bahim Muhammad Houdail, on June 18, Iraq's crude oil production is gradually recovering to levels prior to the U.S.-Israel conflict in the region.

According to Iran's state news agency, on June 18, Iran's Supreme National Security Council announced that vessels seeking passage through the Strait of Hormuz will be exempted from fees for 60 days under the Iran-U.S. memorandum of understanding. Commercial ships requesting transit must submit

South Korea's Producer Price Index increased 0.8% in May on a monthly basis. The government also revised the prior month's figure upward to 2.7% from the previously reported 2.5%.

According to Citigroup, oil prices are expected to decline over the next 6 to 12 months and reach $60-65 per barrel by the first quarter of 2027 under a basic scenario assuming normalized capital flows following U.S.-Iran

On June 18, emerging market ETFs surged 3.25%, with Nasdaq-100 ETFs rising 2.51% and Russell 2000 ETFs climbing 1.97%. S&P 500 ETFs gained 1.04%, while U.S. Treasury 20+ year and dollar index ETFs added up to 0.49%. Among decliners, the VIX (fear index) ETF fell 3.14%, agricultural commodity funds d

According to CNBC, CME Group announced this week it will sue the Commodity Futures Trading Commission (CFTC) over its approval of prediction market platform Kalshi's Bitcoin perpetual futures contract. CME Chief Executive Terrence Duffy disclosed the filing during a CNBC interview, stating the

According to Bloomberg and CBOT data, on Thursday (June 18) at the New York close, the Bloomberg Commodity Grain Index fell 0.92% to 29.7383. CBOT corn futures declined 1%, wheat futures fell 1.19%, and soybeans dropped 0.63% to $11.42 per bushel. Soybean meal futures fell 0.88% while soybean oil fu