Commodities (Crude Oil & Copper) & Macro Outlook

According to data from shipping analysis firm Kpler cited by AFP, at least 36 commercial vessels transited the Strait of Hormuz on June 22, marking the highest single-day figure since the outbreak of Iran

According to Shanghai Futures Exchange announcement, effective June 25 at the close of trading, the exchange adjusted daily price limits and trading margin requirements for fuel oil futures contracts FU2608 through FU2706 and all subsequent new contracts. Daily price limits were set at 14%, with mar

According to Shanghai International Energy Exchange, the exchange announced adjustments to trading limits for crude oil and low-sulfur fuel oil futures, effective from the June 25, 2026 trading session (starting June 24 evening session). The daily maximum opening position for non-futures company

Trading technology provider Iress announced a multi-year partnership with UAE-based broker BitDelta Pro to support the firm's expansion into equities and CFDs. The agreement will see BitDelta Pro deploy Iress' trading and market data infrastructure, including ViewPoint, Iress Pro, IOS+, FIX

According to Shanghai International Energy Exchange, on June 23, the exchange announced adjustments to its crude oil (SC) and low-sulfur fuel oil (LU) futures contracts, effective June 25, 2026. Price limits will be set at 14% for both contract series. Trading margins will be adjusted to 15% for

Iress has announced a multi-year partnership with UAE-based broker BitDelta Pro to support its expansion into equities and CFDs, the trading technology provider said recently. BitDelta Pro will deploy Iress' trading and market data infrastructure, including ViewPoint, Iress Pro, IOS+, FIX

According to sources, Russian ESPO crude oil for July-August delivery has fallen to parity with ICE Brent crude, driven by weak demand and expectations of increased supply.

According to ING analyst Bert Colijn on June 23, Eurozone June PMI survey data indicates overall business activity remains in contraction, but easing energy prices are bringing relief to price pressures. Input costs in both manufacturing and services have slowed their growth rates, while companies i

Russia's Nornickel expects palladium production in Russia to recover and reach approximately 2.7 million ounces in 2027, according to the company's latest guidance.

According to Guru Club, on June 23, the U.S. Treasury granted a 60-day full waiver on Iran crude oil and petrochemical sanctions. Iranian exporters and state oil company representatives immediately began approaching refiners in India, Japan, and South Korea to offload stranded inventory during the p

Intercontinental Exchange launched ICE GreenTrace, a registry technology platform designed to manage the lifecycle of carbon credits, emissions allowances, and energy attribute certificates. The launch marks ICE's expansion beyond trading and clearing infrastructure into the registry layer of

According to the Kremlin's statement on June 23, macroeconomic stability is absolutely guaranteed despite recent questions about ruble depreciation and falling oil prices.

According to market reports, Iran stated on June 23 that the Strait of Hormuz is completely open to commercial vessels.

According to Bloomberg, seven tankers were present in the Strait of Hormuz on Tuesday morning (June 23), including two fully laden non-Iranian supertankers departing the Persian Gulf and three product tankers exiting the strait. Two Iranian-flagged Suezmax tankers were also transiting from the

According to Jin10 Futures, East China benzene closed at 7,185 yuan/ton on June 22, down 485 yuan/ton from June 1. Crude oil futures have fallen to their lowest levels since March, weighing on market sentiment, while downstream industries facing sustained losses have reduced purchasing activity,

The Shanghai International Energy Exchange announced it has approved the name change of China National Petroleum Fuel Oil Limited Liability Company to China National Petroleum Refining Special Products Limited Company. The new entity will assume all contractual obligations, rights, and

According to Jin10 Futures, on June 23, Shanghai Futures Exchange energy and chemical warehouse receipts posted mixed changes. Pulp futures warehouse receipts rose to 243,867 tons, up 2,400 tons from the prior trading day. Petroleum asphalt futures warehouse receipts declined to 18,120 tons,

According to on-chain analytics platform Lookonchain, a whale address 0x2558 closed its entire 500,000 crude oil futures (xyz:CL) long position valued at approximately $36.85 million, incurring a loss of about $2.9 million in just 33

The U.S. Treasury Department issued a temporary general license on June 23 authorizing Iran to sell crude oil. The 60-day license marks a shift in the sanctions policy, allowing Iranian petroleum exports to resume amid ongoing negotiations over nuclear