Commodities (Crude Oil & Copper) & Macro Outlook

Following the U.S.-Iran ceasefire agreement, European natural gas futures prices dropped 4.6% on June 18, hitting their lowest level in two months. The decline reflects market optimism that energy shipments through the Strait of Hormuz will resume quickly. This week, natural gas prices have fallen m

According to OPEC, on June 18, non-OPEC crude oil supply is expected to stabilize at around 60 million barrels per day by the mid-2030s. The organization also projects that global refining capacity will increase by 19.3 million barrels per day by 2050.

Canada's Raw Materials Price Index declined 0.7% month-over-month in May, falling short of the 1.1% forecast and down from the previous month's 2.6% gain.

According to Futures Daily, on June 17, Jiangxi Department of Natural Resources approved land pre-assessment and site selection for the Xiangxiawan lithium mine project spanning Yifeng and Fengxin counties. The approval represents the first procedural milestone in the project lifecycle, preceding fo

According to Statistics Canada, Canada's Industrial Product Price Index rose 1.2% month-over-month in May, beating the expected 1% and declining from 2% in April.

Canada's raw materials price index rose 33.4% year-over-year in May, up from 31.6% in the previous month, according to official data.

Canada's Industrial Product Price Index (IPPI) declined to 1.2% month-over-month in May, below the expected 1.8% and down from 2.0% in April, according to Statistics Canada data.

According to OPEC's 2026 World Oil Outlook released today, global oil demand is projected to reach 11.33 million barrels per day by 2030, maintaining the same forecast as the organization's previous report

According to OPEC, U.S. shale oil production is expected to reach its peak in 2025, with limited supply growth anticipated by 2030 before stabilizing thereafter.

Ukraine launched nearly 200 drones against Moscow on Thursday, striking the Moscow Oil Refinery in the south-east of the capital and forcing evacuations at Sheremetyevo International Airport, Russian officials confirmed. Ukrainian President Volodymyr Zelenskyy described the assault as a "fully

According to Iranian President Masoud Pezeshkian's statement on X, the U.S. will issue oil export waivers for Iran immediately after signing a memorandum of understanding, lasting until sanctions are terminated. The waivers will cover Iranian crude oil, petroleum products, and derivatives exports, a

According to Jin10, on June 19, China and U.S. stock markets will close for the day, as the Dragon Boat Festival coincides with Juneteenth. A-shares, Hong Kong stocks, Taiwan stocks, and U.S. equities will all halt trading. Domestic Chinese futures exchanges will not operate. CME precious metals, en

According to Futures Daily, Jiangxi Province's Department of Natural Resources approved land use pre-examination and site selection for the Zhuangxia-wa lithium mining project spanning Ganzhou's Yifeng County and Nanchang's Fengxin County on June 18. The pre-examination approval marks the first

According to CNBC, CME Group plans to file a lawsuit against the CFTC on Thursday (June 19) over its approval of Bitcoin perpetual futures. Outgoing CEO Terry Duffy argued that perpetual futures are legally classified as swaps under the Dodd-Frank Act, not futures, and should be subject to

According to Bank of England Governor Bailey, energy price increases over the past four months have created inflation pressures. Bailey stated that the central bank's responsibility is to ensure this temporary pressure does not evolve into sustained inflation.

According to Bloomberg, Iran has announced arrangements for vessel transit through the Strait of Hormuz with no fees charged for the next 60 days.

Bank of England Governor Andrew Bailey recently stated that pressures from the Iran conflict remain ongoing despite ceasefire developments, underscoring continued geopolitical risks affecting global markets.

According to media reports citing maritime tracking data, a French-flagged LNG tanker transited the Strait of Hormuz on June 18, becoming the first LNG vessel to pass through the waterway since Iran's conflict

According to Jin10 data and international vessel tracking platforms, three Saudi-flagged tankers carrying a combined 6 million barrels of crude oil passed through the Strait of Hormuz on June 18.

Shanghai Energy Exchange will launch market orders starting July 6, 2026, during the evening continuous trading session of July 3. The new order type will be available for all listed futures and options