Commodities (Crude Oil & Copper) & Macro Outlook

On Monday, June 15, Emerging Markets ETF led major U.S. ETF classes with a gain of 3.29%, followed by Nasdaq-100 ETF up 3.14%, Barclays U.S. Convertible Bond ETF up 2.70%, gold ETF up 2.59%, and S&P 500 ETF up 1.76%. Russell 2000 Index ETF and Dow Jones ETF gained 0.82% and 1.05% respectively. On th

According to Pakistani Prime Minister Shehbaz Sharif and US President Donald Trump, the USA and Iran announced a peace agreement on June 14-15, 2026, ending a four-month conflict. The deal sets out three core commitments: an immediate ceasefire, lifting of the US naval blockade on Iranian ports, and

On June 15, the Bloomberg Commodity Index rose 0.49% to 29.4444 points, according to Bloomberg data. Chicago Wheat futures gained 0.76% to close at $6.0025 per bushel. Arabica Coffee futures surged 2.37%, while Robusta Coffee rose 0.34%. New York Cocoa futures jumped 3.36% to $3,998 per ton, with

According to Bitstamp data, Bitcoin breached $67,000 for the first time in nearly two weeks on June 15, with an intraday high of $67,253, triggering $198 million in short liquidations in 24 hours. The move followed a U.S.-Iran agreement that saw Tehran pledge to reopen the Strait of Hormuz, easing g

WTI July crude futures fell $4.13, or 4.87%, to close at $80.75 per barrel today. Abu Dhabi Murban crude futures dropped 7.48% to $76.81 per barrel, approaching a 3-month low of $76.26 set on March 3.

Shanghai Futures Exchange crude oil contract (2608) fell 1.96% in the night session to 531.20 yuan per barrel. Shanghai gold gained 1.77% while Shanghai silver rose 2.49% overnight.

India's government will keep gasoline export taxes unchanged over the next two weeks, according to an official statement issued on June 15.

According to Citi, the bank cut its oil price outlook to bearish scenario levels, with revised quarterly forecasts of $75 per barrel for Q3 2026 and $70 per barrel for Q4 2026.

According to Fitch Ratings on June 16, the global oil market is expected to return to oversupply conditions within approximately one month if an agreement enables the complete opening of the Strait of Hormuz.

The London Metal Exchange announced on June 15 that Detroit has been approved as a "good delivery point" for copper, effective in three months. The designation follows the approval of the first authorized copper warehouse operator in the city, expanding the geographic network of locations

Iran set the price for its light crude oil exports to Asia in July at a premium of $7.15 per barrel above the Oman/Dubai benchmark.

According to the U.S. Department of Energy, America's Strategic Petroleum Reserve (SPR) fell to approximately 340 million barrels on June 15, marking the lowest level since 1983. The decline follows the Trump administration's release of 172 million barrels from the emergency reserve aimed at

According to UBS Global Wealth Management on Monday (June 15), the U.S.-Iran agreement and reopening of the Strait of Hormuz have triggered a sharp drop in crude oil prices, reducing market expectations for Federal Reserve rate hikes this year. UBS strategist Falconio told Bloomberg TV that oil pric

According to LME trading data, copper futures closed up $47 per ton at $13,745/ton today. Aluminum futures declined $156 to $3,380/ton, marking the only notable decline among major metals. Nickel gained $81 to $17,911/ton, while zinc, lead, tin, and cobalt saw marginal movements, with cobalt

According to Jin10, Trump announced on Friday that the Strait of Hormuz has been fully opened and all agreements have been signed. He highlighted that oil prices have fallen significantly while stock markets are

Pakistan's Prime Minister announced that the United States and Iran have reached a peace agreement, with the official signing expected in Switzerland on June 19. Following the news, S&P 500 and Nasdaq futures rose while oil prices fell. The agreement could enable the reopening of the Strait of

The U.S. and Iran reached an agreement on Monday to end a nearly four-month conflict, President Donald Trump announced. The development drove West Texas Intermediate crude down about 5% to roughly $80 per barrel, its lowest level since March, as the agreement is expected to reopen the Strait of

According to CNBC Investing Club, U.S. stocks surged Monday after the U.S. and Iran reached an agreement to end their conflict. West Texas Intermediate crude fell about 5% to roughly $80 per barrel, its lowest level since March, reopening the Strait of Hormuz shipping route. The Dow gained 1.3% to a

According to Guru Club, European natural gas prices fell by a maximum of 10% on June 15, dropping to 42.07 euros per megawatt-hour.

According to BlockBeats, on June 15, TAR, a green energy infrastructure startup, completed $27 million in seed funding to develop modular plug-and-play power systems for data centers. The system combines solar, wind, battery storage, and natural gas backup to provide continuous 24/7 local power,