Commodities (Crude Oil & Copper) & Macro Outlook

The International Energy Agency (IEA) will release its monthly crude oil market report in 10 minutes.

According to Tanjug news agency, Hungary's MOL Group received a U.S. Treasury extension to continue negotiations for acquiring a majority stake in Russian oil company NIS until July 1.

According to Jin10 Futures, Fujairah oil inventories fell to a record low of 5.145 million barrels as of June 15. Light distillate stocks, including gasoline and naphtha, declined 33.1% to 1.376 million barrels, also marking a historic low. Heavy distillate and residual stocks increased 17.9% to 2.4

According to Jin10, Shanghai Futures Exchange (Shanghai Futures) energy and petrochemical warehouse receipts showed mixed movements on June 17. Pulp warehouse receipts fell to 240,812 tons, down 1,297 tons from the previous trading day, while pulp factory receipts remained flat at 20,000 tons.

According to Bloomberg, Singapore's Monetary Authority Managing Director Chia Der Jiun warned at the Lujiazui Forum that global fiscal policy space has contracted while risks continue to mount. He cautioned that if energy supplies through the Strait of Hormuz fail to recover fully, energy shocks

According to BlockBeats, WTI crude oil fell below $75 per barrel on June 17, marking the first time since March 4. The contract declined 2.22% intraday.

According to G7 statements released today (June 17), the Group of Seven agreed to strengthen sanctions on Russian oil and gas and reduce dependence on the Strait of Hormuz, while increasing energy reserves. Separately, U.S. President Trump stated the administration is prepared to let existing Russia

Canadian Prime Minister Carney announced that the country is on track to produce 150 million tonnes of liquefied natural gas by the end of 2026. The statement reflects Canada's commitment to expanding its energy export capacity amid global LNG

According to Goldman Sachs' research report published on June 17, the bank downgraded its Brent crude oil price forecast for the fourth quarter of 2026 from $90 per barrel to $80, and its 2027 average forecast from $80 to $75 per barrel. West Texas Intermediate (WTI) is projected to average $75 per

According to futures market tracking, the Strait of Hormuz is expected to reopen on Friday (June 19), with 60 empty supertankers currently gathered in the Oman Gulf—nearly double the amount seen at the beginning of June. Three Iranian oil tankers have exported approximately 5 million barrels of

UK unadjusted output PPI rose 0.5% month-on-month in May, matching the expected forecast. The producer price index for output also saw the previous month's reading revised upward from 1.40% to 1.5%.

According to UK official statistics, Britain's May unadjusted input PPI year-on-year rate came in at 8.7%, below the forecast of 8.8%. The previous month's figure was revised upward to 7.9% from an initially

According to CME data, on June 16, precious metals and energy contracts showed mixed movements. Gold trading volume fell to 99,679 contracts while open interest rose slightly to 339,581 contracts. Silver declined in both metrics, with volume at 47,837 contracts and open interest at 107,830 contracts

According to Guru Club, LPG main contract futures and fuel oil main contract futures saw sharp intraday declines on June 17. LPG fell 8% to 4,781 yuan per ton, while fuel oil dropped 6% to 3,122 yuan per ton.

WTI crude oil fell 2% intraday on June 17, trading at $75.16 per barrel.

According to Hyperinsight, WTI crude oil has declined 15.8% from its peak since June 12, when Trump announced he would cancel strikes on Iran and sign a peace agreement. On June 17, WTIOIL on Hyperliquid fell below $75, currently trading at $74.92, as markets anticipate the reopening of the Strait o

Brent crude oil broke below $78 per barrel today, declining 1.57% intraday.

According to Chuangxin Information, as of June 16, China's retail oil prices are expected to decline significantly on June 18, marking the first consecutive week-on-week drop this year. The crude oil change rate stood at negative 10.72%, with estimates pointing to a 475-500 yuan/ton reduction in

Tokenised real-world assets reached approximately US$43 billion on Token Terminal's tracker, rising roughly 37% over the past 180 days as traditional financial products increasingly moved onto blockchain networks. The expansion continued even as broader crypto markets weakened, indicating

The United States and Iran have scheduled a memorandum signing for June 19, 2026, at Switzerland's Bürgenstock resort, with Qatar and Pakistan serving as mediators. The agreement aims to address military operations, sanctions, and the reopening of the Strait of Hormuz to maritime shipping. The