Commodities (Crude Oil & Copper) & Macro Outlook

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.

According to EIA, during the week ending June 12, U.S. crude oil inventories at Cushing, Oklahoma declined 1.606 million barrels, compared to a previous decline of 0.801 million barrels.

According to the U.S. Energy Information Administration (EIA), refined oil imports for the week ended June 12 declined to negative 204,000 barrels per day, compared to negative 411,000 barrels per day in the prior week.

The U.S. Energy Information Administration (EIA) will release crude oil inventory, Cushing crude oil inventory, and strategic petroleum reserve (SPR) inventory data for the week ending June 12 in approximately 10

According to Guru Club, on June 17, WTI crude oil futures rose 2.21% to $76.931 per barrel, while Brent crude futures gained 2.13% to $80.641 per barrel.

U.S. President Trump stated recently that oil prices are experiencing a significant decline. He reiterated that the Strait of Hormuz will open immediately following the signing of an agreement.

Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan stated at the 2026 Lujiazui Forum on June 17 that international capital is now concentrating on Asia, with China's tech innovation rise becoming a top choice rather than an option for global investors. Chan emphasized that under rising

U.S. natural gas futures declined 3.00% during intraday trading on June 17, settling at $3.141 per million British thermal units (MMBtu).

Financial markets are in a holding pattern ahead of the Federal Reserve's policy meeting on 06/17/2026, marking the debut of new Fed Chair Kevin Warsh. The consensus expectation is that interest rates will be held steady, with volatility anticipated from the release of the updated Summary of

According to sources, Russia plans to import gasoline by sea in June to address domestic shortages.

According to Kapital Economics analyst Jack Allen-Reynolds on June 17, eurozone inflation is unlikely to rise significantly further. May's inflation was driven by fuel prices, which should moderate in the near term. Reynolds noted that if oil and natural gas transportation through the Strait of