Commodities (Crude Oil & Copper) & Macro Outlook

According to reporting on July 23, palm oil futures rose to a three-month high as markets anticipated tighter supply. Biodiesel demand outlook improved amid rising crude oil prices and geopolitical tensions. Key drivers include El Niño-related risks, expected production declines in Q4 2026 and

According to Jin10, three large crude oil tankers carrying approximately 6 million barrels successfully transited the Strait of Hormuz over the past 24 hours on July 23, departing the Persian Gulf. The vessels had disabled their automatic identification signals to reduce monitoring and lower the

ECB President Christine Lagarde said on July 23 that the central bank's staff are preparing analysis on oil and gas for the September policy meeting. The preparation work comes as the European Central Bank continues to assess energy-related factors in its monetary policy

According to Jin10, ECB President Christine Lagarde said on July 23 that inflation risks are tilted to the upside. Energy shocks could intensify further, with broader price and wage impacts potentially exceeding current expectations, she said. Persistent high energy prices increase the likelihood

According to Jin10, Brent crude oil futures broke $100 per barrel on July 23 for the first time in two months. The surge follows claims by Yemen's Houthi forces that they attacked two Saudi tankers in the Red Sea,

South Africa's central bank forecasts oil prices will reach $100 per barrel in 2026 under an updated negative scenario, with inflation expected to remain above its target throughout the year. The central bank stated that it needs to implement additional interest rate increases this year to address p

On July 23, U.S. 10-year Treasury yield surged to 4.707%, hitting its highest level since January 2025, driven by geopolitical tensions in the Middle East and a stronger-than-expected labor market. Brent crude futures jumped 5% to nearly $99 per barrel following reports of a tanker attack off

According to Jin10, Houthi forces struck two Saudi oil tankers on Thursday, July 23, in what France condemned as an irresponsible escalation. The French Foreign Ministry spokesman stated that the attacks represent a serious breach of international responsibility and demanded they cease

ECB President Christine Lagarde stated that energy will keep inflation above the central bank's target through the first half of 2027. She also cautioned that economic growth faces downside risks, underscoring persistent challenges to the eurozone

ECB President Christine Lagarde is closely monitoring the magnitude and persistence of energy price increases on July 23.

From 12:30 to 12:45 (UTC) on July 23, 2026, BTC quickly dropped by 0.47% within 15 minutes. The price fell below the $65,100 level and traded in the $65,094.4–$65,421.0 USDT range, with an amplitude of 0.50%. The cumulative decline over 24 hours was 0.60%, and the current quote is $65,491.7. Trading is thin, with volume of only 119.6 BTC. Order book liquidity is extremely light: sells clearly outweigh buys, and the buy/sell depth ratio is just 0.46, indicating a mild correction in a low-volatili

Spot gold and silver posted gains in late-afternoon U.S. trading Wednesday, with gold trading near $4,136.60 an ounce, up 1.47%, and silver near $59.72, up 1.80%. Technical buying and defensive demand lifted metals despite higher crude oil prices, firmer Treasury yields, and a choppy U.S. equity

According to TotalEnergies CEO, the company's refining profit margin reached $35 per barrel in July 2026.

According to Kazakhstan's Energy Ministry, the Caspian Pipeline Consortium (CPC) facilities are secure and ready to resume oil exports. The statement addresses operational status of the pipeline infrastructure.

According to Freeport-McMoRan, the company expects 2026 full-year production of 3.1 million pounds of copper, 0.65 million ounces of gold, and 93 million pounds of molybdenum.

Freeport-McMoRan projects third-quarter production of 710 million pounds of copper, 123,000 ounces of gold, and 25 million pounds of molybdenum.

According to PPP market monitoring, WTI crude oil's probability of breaching $95 per barrel in July on Polymarket surged to 48%, up 20% in 24 hours, while odds of hitting $100 per barrel reached 32%, up 14% over the same period. U.S. military escalation in the Middle East, including B-1 bomber

According to TotalEnergies Chief Executive Officer, the company will make a final investment decision on the Kronos natural gas project offshore Cyprus by end of July.

According to Jin10 Futures, in recent trading, the U.S. dollar, gold, and crude oil have risen simultaneously, defying traditional economic correlations where dollar strength typically pressures commodity

According to TotalEnergies CEO, the company understood that the latest EU sanctions agreement may allow it to sell Russian liquefied natural gas to non-EU countries next year. The CEO said the company awaits reviewing the final text of the agreement.