Commodities (Crude Oil & Copper) & Macro Outlook

Brent crude oil gained 6.0% intraday to $96.67 per barrel, while WTI crude oil rose 7.0% to $93.48 per barrel on June 1.

WTI crude oil broke $95 per barrel on June 1, rising 5.29% during intraday trading. The price movement reflects increased market volatility in the energy sector.

On June 1, WTI crude oil futures surged 6% intraday to $92.61 per barrel.

WTI crude futures rose 5% during intraday trading on June 1, reaching $91.74 per barrel.

According to Iran's Tasnim News Agency, on June 1, Iran and the Axis of Resistance decided to completely block the Strait of Hormuz. Other military fronts, including the Strait of Mandeb, may be activated as part of the response. Iran stated it will not engage in negotiations until Israel ceases mil

SC crude oil futures contracts gained 2% during intraday trading on June 1, reaching 596.50 yuan per barrel as of the latest quote.

U.S. natural gas futures fell 3.00% intraday on June 1, trading at $3.191 per million British thermal units (mmbtu).

According to Al Arabiya Television, a large Panama-flagged tanker exploded in Iraqi territorial waters, sources said. The incident details remain limited at this time.

According to BlockBeats, on June 1, Citigroup turned bullish on copper prices for the first time in 2026, predicting prices will reach $14,500 per ton within one month and advance to $15,000 per ton over the next 12 months, representing over 10% upside from current LME three-month copper futures.

According to Guangfa Futures and Mysteel, as of May 29, 112 coal mines with a combined capacity of 122 million tons remained offline across Shanxi province due to intensified safety inspections. Since May 23, safety checks across major production regions including Changzhi, Lüliang, Jinzhong, and

According to Jin10, South Africa's gasoline prices will hit historic highs effective June 3 as the government withdraws temporary tax relief measures introduced to cushion fuel price spikes. In Gauteng, the country's economic hub, the retail price of 95-octane gasoline will rise to 28.06 rand per li

Morgan Stanley's private wealth managing director Kathleen Entwistle revealed the bank is diversifying client portfolios beyond the technology sector by allocating funds to energy, infrastructure, and gold. In an interview with CNBC Television, Entwistle addressed client concerns about

According to Kazakhstan's energy minister, oil production at the Tengiz oil field has resumed to 290,000 barrels per day.

According to the World Stainless Steel Association, stainless steel crude steel production reached 15.8 million tons in the first quarter of 2026, up 2.5% year-over-year. Asia led regional growth with production of 13.4 million tons, up 3.3%, while the European Union saw production decline to 1.5 mi

According to Moody's Analytics, American households have incurred average additional energy costs of $447.19 since the U.S.-Iran conflict, with cumulative national consumer costs reaching nearly $60 billion as of June 1. Gasoline prices account for roughly half of the new household spending, with a

According to Jinshi Data, France intercepted a Russian oil tanker in the Atlantic on May 31, French President Emmanuel Macron announced on June 1. Macron said the operation was conducted in international waters with support from the UK and other partners, and complied with international maritime

According to Guru Club, tin prices surged to approximately 420,000 yuan per ton on June 1, up about 40% since November 2025 (from 300,000 yuan per ton), driven by growing demand from the artificial intelligence and computing industries. Tin Industry Co., Ltd. confirmed the uptick, noting that tin pr

According to Iran's Fars News, Iran's Islamic Revolutionary Guard Corps Navy said 15 vessels passed through the Strait of Hormuz with Iranian authorization in the past 24 hours, including 4 oil tankers.

According to the South African government, wholesale diesel prices will be reduced by a maximum of 324.96 cents per liter in June.

South Africa's government announced on June 1 that gasoline prices will increase by 143 cents per liter starting in June. The price adjustment follows the country's monthly fuel pricing review.