Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration (EIA), refinery utilization rates in the U.S. Midwest region have climbed to their highest level since December 2023, reflecting strengthened operational activity in the region.

Brent crude oil reached $82 per barrel today, up 3.68%, while WTI crude oil climbed above $79 per barrel, gaining 4.05%.

According to QCP Capital, on June 17, the United States and Iran reached a memorandum of understanding over the weekend, boosting risk assets and sending S&P 500 futures to record levels. Oil prices declined as markets reduced expectations of prolonged disruptions to global energy

According to Jin10 data, U.S. Strategic Petroleum Reserve stocks fell to their lowest level since July 29, 1983, as of the week ending June 12, 2026. U.S. crude oil inventories excluding strategic reserves declined for the eighth consecutive week, with the current drawdown marking the largest

According to the Energy Information Administration (EIA), U.S. crude oil production declined to 20.12 million barrels per day in the week ending June 12, down from 20.719 million barrels per day the previous week, representing a decrease of approximately 599,000 barrels per day.

According to the U.S. Energy Information Administration (EIA), distillate fuel oil production declined to 5.17 million barrels per day for the week ending June 12, down from 5.36 million barrels per day in the prior week.

According to the U.S. Energy Information Administration (EIA), domestic gasoline production rose to 10.2009 million barrels per day in the week ending June 12, up from 9.8737 million barrels per day in the prior week.

According to EIA, U.S. crude oil imports for the week ending June 12 fell 241,000 barrels, compared with 525,000 barrels in the prior week.

According to the Energy Information Administration, U.S. gasoline inventories fell by 906,000 barrels for the week ending June 12. The decline was smaller than the expected decrease of 1.01 million barrels but represented a reversal from the prior week's increase of 186,000 barrels.

According to the U.S. Energy Information Administration (EIA), the country's refinery utilization rate increased 1.4% on the week of June 12, compared to 0.6% in the prior week.

According to the U.S. Energy Information Administration (EIA), U.S. crude oil inventories declined by 8.26 million barrels during the week ending June 17. The drawdown exceeded analyst expectations of 3.68 million barrels and Bloomberg consensus of 5.2 million barrels.

According to EIA data, U.S. refinery capacity utilization rose to 96.7% for the week ending June 12, surpassing the forecast of 95.6% and the previous week's 95.3%.

According to EIA data, U.S. reformulated gasoline stockpiles fell by 13,000 barrels in the week ending June 12, compared to an increase of 8,000 barrels in the prior week.

According to the Energy Information Administration (EIA), U.S. refinery crude oil inventories stood at 951,000 barrels as of the week ending June 12, beating expectations of a 470,000 barrel decline and compared to a 200,000 barrel decrease in the prior week.

According to the U.S. Energy Information Administration (EIA), American gasoline production in the week ended June 12 rose to 356,000 barrels per day, up from 296,000 barrels per day in the previous week, marking an increase of

According to EIA data, U.S. crude oil production increased to 230,000 barrels per day for the week ending June 12, up from 81,000 barrels per day in the previous week.

According to EIA data, U.S. heating oil stockpiles declined 204,000 barrels in the week ending June 12, compared with a decline of 246,000 barrels in the prior week.

According to the U.S. Energy Information Administration, crude oil inventories fell 8.263 million barrels in the week ended June 12, exceeding expectations of a 4.566 million barrel decline and the prior week's 7.227 million barrel

According to EIA data, U.S. refined oil production declined by 29,000 barrels per day for the week ending June 12, down from an increase of 24,000 bbl/d in the previous week.

According to the U.S. Energy Information Administration (EIA), U.S. Strategic Petroleum Reserve (SPR) inventory declined by 8.94 million barrels for the week ended June 12, compared to a decline of 7.927 million barrels in the previous week.