Commodities (Crude Oil & Copper) & Macro Outlook

According to Singapore's Economic Development Board, light distillate oil inventories fell 633,000 barrels to 12.031 million barrels in the week ended June 17, reaching a two-week low.

Hyperliquid, a decentralized exchange for perpetual futures, faces ongoing regulatory debate as of the 18th. The platform recorded approximately $93 billion (142 trillion won) in 24-hour trading volume, representing 36% market share among perpetual futures DEXs. The regulatory scrutiny stems from Hy

On June 18, Chinese Foreign Ministry spokesman Lin Jian stated that China's stance on maintaining stability in global supply chains for critical minerals has not changed, responding to G7's commitment to reduce dependence on Chinese rare earths and critical minerals. Lin noted that all parties

According to Jin10 Futures, on June 18, Shanghai Futures Exchange pulp futures warehouse receipts rose to 241,467 tons, up 655 tons compared to the previous trading day, while pulp factory warehouse receipts remained unchanged at 20,000 tons. Among other energy and chemical futures, petroleum

According to Iran's Student News Agency, 89% of production capacity at Iran's largest petrochemical conglomerate has resumed operations following wartime shutdowns.

According to Ukrainian President Volodymyr Zelensky, Ukraine launched its second strike on a Moscow oil refinery this week.

According to Azerbaijan's Emergency Situations Ministry, a fire at the Baku oil refinery has been extinguished.

According to the U.S. Energy Information Administration, crude oil inventory fell for the eighth consecutive week as of June 12, hitting levels not seen since July 1983. Strategic petroleum reserves dropped to their lowest since July 29, 1983, while Cushing crude storage fell to approximately 20

According to Goldman Sachs' June 17 report, oil flow through the Hormuz Strait may only recover to about 70% of pre-war levels, as regional producers increasingly rely on alternative routes. The analysis shows that for Gulf crude exports to return to pre-war levels, daily flow through the strait

Shanghai Containerized Freight Index Europe route main contract futures rose 3.00% intraday today, reaching 3,818.5 points.

According to Guru Club, lithium carbonate futures fell 6% intraday on June 18, trading at 161,420 yuan/ton.

CME Group announced plans on June 18 to sue the Commodity Futures Trading Commission over its decision to approve regulated crypto perpetual futures platforms including Kalshi, Coinbase, and Kraken. CME CEO Terrence Duffy argued on CNBC's Fast Money that perpetual futures are effectively swaps

According to CME data on June 17, gold and silver trading activity and open interest increased. Gold saw 181,188 contracts traded with 339,700 open interest, up 81,509 contracts and 370 contracts respectively from the prior day. Silver recorded 73,730 contracts traded with 107,780 open interest,

According to Jin10 Futures and Chuangyi Intelligence data on June 18, 2026, China's gasoline and diesel retail prices are set to fall as crude oil prices declined. The crude oil change rate reached -11.62% as of June 17 close. Retail prices for 92 and 95 gasoline are expected to drop 0.40 and 0.43 y

WTI crude oil broke below $74 per barrel today (June 18), marking a new low since March 4, down 2.35% intraday.

According to Pakistan's Prime Minister, the Iran-U.S. Memorandum of Understanding came into effect immediately on June 18. Under the agreement, Iran will immediately reopen the Strait of Hormuz, while the United States will immediately lift its naval

According to SMM, Dadong Mining's Jijiaoshan lithium mine in Hunan held its start-up ceremony on June 18, 2026, for its 40,000-tonne annual lithium carbonate production line. The mine holds proven lithium ore reserves of 490 million tonnes and oxidized lithium resources of 1.31 million tonnes,

According to Jin10, WTI crude oil fell 2% on June 18, trading at $74.49 per barrel.

According to the People's Bank of China, the Interbank Market Data Repository (Shanghai) officially launched on June 16. The institution was established by seven co-founders and collects high-frequency trading data from multiple financial submarkets including bonds, currencies, derivatives, gold, an

In June, the Bank of Japan announced it would raise its policy rate to 1%, the first time Japan has reached that level since 1995. 137Labs analysis shows that over the past twenty-plus years, large amounts of international capital borrowed Japanese yen at nearly zero cost and allocated to risk assets such as U.S. technology stocks, emerging market bonds, commodities, and global real estate; this “Yen Carry Trade” structure is one of the key underlying logics driving global asset price increases.