Commodities (Crude Oil & Copper) & Macro Outlook

Shanghai Futures Exchange crude oil 2608 contract closed up 0.80% overnight at 517 yuan per barrel. Gold futures fell 0.84% and silver futures declined 1.36% during the session.

The U.S. Federal Energy Regulatory Commission (FERC) is preparing to issue a ruling on data center grid connection regulations by the end of June. Former FERC Chairman Neil Chatterjee characterizes this decision as one of the most significant actions by the agency in decades. The ruling will

According to Basra Oil Company, Iraq's southern oil production currently stands at 1.5 million barrels per day, up from the previous 1 million barrels per day.

The U.S. and Iran are expected to sign a peace accord this week in Switzerland, potentially marking the end of war-driven inflation pressures, according to economists cited in reports. U.S. inflation spiked to 4.2% year-over-year in May—the fastest pace in over three years—with energy costs

According to Morgan Stanley Chief Investment Officer Mike Wilson, this week the market has already moved past concerns about the Iran conflict. Although oil prices surged during the war, they remained below the peak reached when Russia-Ukraine conflict erupted. "The market has crossed this war," Wil

LME copper futures rose $40 to $13,814 per ton on June 17, leading broad-based gains across base metals. Tin surged $218 to $55,344/ton, while nickel climbed $64 to $18,060/ton, aluminum advanced $22 to $3,410/ton, and zinc gained $19 to $3,588/ton. Lead declined $3 to $1,979/ton, while cobalt

U.S. President Trump recently stated that the United States will only lift oil sanctions on Iran if the country demonstrates good conduct. Additionally, $300 billion in aid funds will be made available only if Iran acts correctly, according to Trump's policy

According to Bloomberg models, German electricity prices surged above 400 euros per megawatt-hour during Thursday evening peak demand, marking the highest level in a year. Wind power generation is forecast to plunge to just 1.5 gigawatts at 8 p.m., forcing the market to rely on costlier fossil

From 15:00 to 16:00 UTC on June 17, 2026, the BTC price saw a slight uptick, with a return of +0.20%. The price range was 64,987.1 to 65,243.4 USDT, with an amplitude of 0.39%. The move occurred during an FOMC monetary policy meeting that day, when market sentiment was highly sensitive, and overall volatility narrowed. The main driver behind this abnormal move was the market’s digestion of policy expectations ahead of the FOMC meeting. The FOMC decision will be released at 18:00 UTC, but the mar

According to a joint statement from Koninklijke Vopak NV and Transnet, ExxonMobil signed a memorandum of understanding on Wednesday to supply liquefied natural gas to South Africa. The LNG will be imported through the Zululand Energy Terminal in Richards Bay, an industrial port city on the country's

Tokenized real-world assets crossed $43.1 billion in market value, climbing 36.9% over the past 180 days as banks, asset managers, and market infrastructure firms move issuance, custody, and settlement onto public blockchains, according to Token Terminal. The growth is driven by institutional

According to Token Terminal, tokenized real-world assets have surpassed $43.1 billion in market value, climbing 36.9% over the past 180 days as banks, asset managers, and market infrastructure firms move issuance, custody, and settlement onto public blockchains. The ecosystem now encompasses 4,364 d

According to QCP Capital, Strategy's recent $1.5 billion buyback of 2029 Convertible Senior Notes and ongoing equity fundraising have raised market concerns about potential Bitcoin sales to fund dividend payments. The firm noted that while Strategy has raised approximately $200 million through

During the 2026 Lujiazui Forum, Shanghai Futures Exchange authorized London Metal Exchange to use SHFE hot-rolled coil futures settlement prices as the basis for LME's new contracts. LME plans to launch the 'LME Shanghai HRC Contract' on the London exchange in October 2026, enabling global

According to Jin10, on Wednesday, President Trump said the United States will decide whether to restore sanctions on Russian oil shipments based on global energy price movements. Speaking at the G7 summit, Trump stated: "We are watching to see where oil prices fall. Oil prices have indeed dropped si

According to the U.S. Energy Information Administration (EIA), American crude oil inventories, including the Strategic Petroleum Reserve (SPR), reached their lowest level since 1985. Midwest crude oil inventories also hit their lowest point since December 2014, while Midwest refinery capacity

According to Jin10, Iraq's Oil Ministry spokesman Salim al-Rikabi stated on June 17 that the country is preparing to resume oil exports as soon as maritime shipping normalizes through the critical Strait of Hormuz. Rikabi said Iraq is completing procedures to assign tankers for loading Iraqi

According to Guru Club, WTI crude oil rose 4.0% to $78.65 per barrel today (June 17), while Brent crude climbed 4.5% to $82.74 per barrel. U.S. crude inventories at the nation's largest storage hub plummeted to around 20 million barrels, approaching critical minimum

According to the U.S. Energy Information Administration (EIA), refinery utilization rates in the U.S. Midwest region have climbed to their highest level since December 2023, reflecting strengthened operational activity in the region.

Brent crude oil reached $82 per barrel today, up 3.68%, while WTI crude oil climbed above $79 per barrel, gaining 4.05%.