Commodities (Crude Oil & Copper) & Macro Outlook

From 13:00 to 14:00 UTC on June 24, 2026, ETH/USDT showed weak consolidation during this period, with a price range of $1,652.85-$1,672.3 USDT, an amplitude of 1.16%, and a return of -0.97%. Overall market sentiment was bearish, and despite limited volatility, the price remained under pressure below the moving average system. The main driving force behind this movement was the release of systemic risk from the macro market. On June 24, 2026, global commodity markets experienced a broad sell-off.

According to Allianz Commercial on June 24, the blockade of the Strait of Hormuz has impacted vessels and cargo worth approximately $125 billion. The report identifies geopolitical tensions as the primary challenge facing the global shipping

The Commodity Futures Trading Commission has opened a public consultation on whether standard energy futures should trade 24 hours a day, seven days a week, and whether perpetual contracts could be listed on physically delivered or storable commodities such as crude oil. The consultation examines wh

WTI crude oil fell 4.5% intraday on June 24, trading at $69.91 per barrel.

SC Crude Oil 2608 fell 3.97% intraday today, with prices dropping to 469.7 yuan per barrel. Trading volume reached approximately 4.51 billion yuan, and open interest declined by nearly 400 contracts.

According to BlockBeats, on June 24, U.S. Treasury yields declined amid easing Middle East tensions following U.S.-Iran peace talks and a 3% drop in crude oil futures. Despite U.S. dollar strength, the yield decline was primarily driven by economic resilience, according to Bannockburn analyst Marc

According to sources, Russia sought 50,000 tonnes of gasoline from Kazakhstan to address domestic fuel shortages. The request reflects supply pressures in Russia's energy sector.

According to Guru Club, on June 24, Brent crude oil's front-month spread turned into a futures premium (contango) for the first time since February.

According to Guru Club, Brent crude oil futures for August delivery declined 4% intraday on June 24, trading at $73.95 per barrel.

WTI crude oil intraday decline expanded to 3.00%, currently trading at $71.45 per barrel on June 24.

Gate News: According to the latest Gate TradFi data, OJUICE (Orange Juice) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to the European Central Bank, war-driven oil price increases are projected to reduce eurozone GDP growth by approximately 0.4 percentage points within the first year.

Capital.com secured two regulatory approvals from South Africa's Financial Sector Conduct Authority, establishing operations as both an Over-the-Counter Derivatives Provider and a Category 1 Financial Services Provider. The dual licenses authorize the broker to offer CFDs across equities,

Capital.com has secured two regulatory approvals from South Africa's Financial Sector Conduct Authority, authorizing the broker to operate as both an Over-the-Counter Derivatives Provider and a Category 1 Financial Services Provider. The dual licenses permit Capital.com to offer CFDs across

According to Guru Club, tin futures fell 2% on June 24, trading at $49,797.80 per ton.

According to Guru Club, Brent crude fell below $75 per barrel today, declining 2.16% intraday. This marks the first time the benchmark has dropped below this level since the Iran conflict flared up.

According to JPMorgan Chase, the bank has lowered its Brent crude price outlook for the second half of 2026 and 2027. The bank expects Brent to average $86 per barrel in Q3 2026, $80 per barrel in Q4 2026, and $78 per barrel at the end of 2026. For 2027, JPMorgan Chase projects an average price of $

According to BlockBeats, on June 24, President Trump instructed the U.S. Department of Justice to investigate major oil companies, accusing them of failing to pass crude oil price declines to retail pump prices. Trump stated consumers are being "ripped off" amid the pricing disparity. Trump also

According to Trump and Pakistani diplomat statements, Iran has agreed to long-term nuclear inspections and to keep the Hormuz Strait open without implementing a maritime blockade, marking progress in U.S.-Iran negotiations overnight on June 24. The U.S. API crude oil inventory fell 765,000

According to QCP Group's latest macroeconomic report, the Iran-U.S. Memorandum of Understanding (MOU) has been formally signed, with Brent crude falling below $80 per barrel. Market focus is shifting from initial deal relief to execution risks, as the 60-day technical negotiation window opens, with