Commodities (Crude Oil & Copper) & Macro Outlook

Bitcoin further dipped to around $63,300 on June 4. After Strategy Inc. sold 32 BTC (about $2.5 million), market sentiment was hit; Bitcoin’s market cap has shed about $160 billion this week. Bloomberg compiled data showing that US-listed Bitcoin ETFs have seen outflows for 12 consecutive trading days, with nearly $4 billion withdrawn, setting a historical record for consecutive outflows. Key Market Data: Bitcoin vs. Nasdaq 12-Month Performance Key market data comparison: Bitcoin: down 37% over

According to Jin10 Futures, on June 4, crude oil maintained elevated price levels with fuel oil market costs remaining well supported. However, downstream refining margins are facing notable compression from rising input costs. Market participants show cautious purchasing sentiment, with

According to Huatai Securities, global weather authorities are predicting El Niño will strike in 2026, triggering extreme regional weather patterns that could disrupt major agricultural commodity supplies. The bank expects global sugar supply to shift from oversupply to modest shortage due to

According to the Federal Reserve Beige Book released on June 4, U.S. inflation climbed to 3.8% in April from 3.5% in March, pressuring consumers and businesses. Among 12 Federal Reserve districts, 10 reported economic activity growing at a slight-to-moderate pace, one declined slightly, and one

Chinese A-shares rose on June 3, with the Shanghai Composite Index up 0.22% to 4083.97 points, the Shenzhen Component Index up 0.73% to 15704.71 points, and the ChiNext Index up 1.65% to 4122.99 points. The gains occurred as foreign capital continued flowing into Chinese markets. According to CCTV

According to Jin10, overnight equity markets declined sharply. U.S. stocks fell across the board, with the Dow Jones down 1.21% to 50,687.07 points, the S&P 500 down 0.74% to 7,553.68 points, and the Nasdaq down 0.89% to 26,853.98 points. European indices also retreated, with Germany's DAX down 1.31

According to reports, ICE Canada canola futures closed higher on Wednesday, with the benchmark contract up 2.6% to reach its highest level in nearly three years. The July contract surged past CAD 800 during trading, marking the highest point since early September 2023, while the November contract, r

WTI crude oil fell 1.00% intraday to $96.81 per barrel on June 3.

According to Guru Club, WTI July crude oil futures rose 2.41% to $96.02 per barrel on June 4. Brent August crude oil futures climbed 1.89% to $97.81 per barrel.

WTI crude oil opened lower on Thursday (June 2), declining 0.5% to $97.38 per barrel.

According to the Federal Reserve Beige Book, prices are rising at a moderate to strong pace across most regions, with Middle East conflict-related energy costs emerging as the primary driver of inflationary pressure. The surge in energy costs is affecting shipping, packaging, food, and fertilizer s

On Wednesday (June 3), COMEX gold futures fell 1.34% to $4,459.40 per ounce during New York's closing session, trading between $4,525.10 and $4,454. Spot gold declined 1.23% to $4,433.51 per ounce. COMEX silver futures fell 3.50% to $72.91 per ounce, while COMEX copper futures dropped 2.98% to $6.4

According to Jin10 data, on June 3, WTI light sweet crude oil futures for July delivery rose $2.26 to close at $96.02 per barrel, up 2.41%. Brent crude oil futures for August delivery gained $1.81 to $97.81 per barrel,

According to Bloomberg, Raízen SA, a struggling Brazilian sugarcane and ethanol producer, recently received informal support from the majority of creditors for a $13 billion out-of-court debt restructuring proposal. The company proposed three repayment options for creditors, including

According to Bloomberg commodity data, on Wednesday (June 3), CBOT wheat futures fell 2.69% to $5.8675 per bushel and corn futures declined 2.21% to $4.3075 per bushel during New York afternoon trading. The Bloomberg grain index dropped 1.73% to 30.0978 points. CBOT soybeans fell 1.03% to $11.5350 p

Shanghai gold futures fell 0.74% and Shanghai silver futures declined 2.24% at the night session close at 2:30 AM on June 3, while SC crude oil futures rose 1.16% in the same period.

According to CoinGecko, on Wednesday, Bitcoin fell to $65,590, its lowest price since late March, as military conflict in the Middle East drove oil prices higher and stoked investor concerns about inflation. Ethereum and Solana declined about 5% each to $1,830 and $72, respectively. U.S. Central Co

According to Bloomberg, a Swiss institutional investor managing over $270 billion in assets is halting purchases of bonds issued by major oil and gas producers. The decision follows recommendations from the Swiss Association for Responsible Investment (SVVK-ASIR), which has proposed blacklisting