Commodities (Crude Oil & Copper) & Macro Outlook

According to Fortune, Theodore Gillibrand, son of U.S. Senator Kirsten Gillibrand, recently completed $30 million in funding at a $300 million valuation for American Perpetuals Exchange Corp. (APEC). The platform plans to offer equity and stock index perpetual futures—not crypto derivatives—and

According to Shaanxi Bureau of Statistics, the province's industrial production expanded steadily in the first five months of 2026, with scale-above industrial value-added increasing 4.9% year-over-year. Key sectors including coal mining (up 11.9%), chemical manufacturing (up 10.9%), and transport e

According to Reuters, China tightened customs scrutiny of indium exports on June 19, raising concerns about potential trade restrictions on the critical AI chip metal. Indium phosphide, made from indium, is essential for high-speed optical chips used in AI data centers. China produces nearly 70% of

According to Jin10, on June 20, U.S. President Donald Trump stated that approximately 700 vessels are transiting the Strait of Hormuz and warned Iran must reach an agreement within 60 days, or the U.S. will take unspecified action. Trump added he believes the situation will not escalate to that

Fidelity launched FYMXX, a stablecoin reserve fund compliant with the GENIUS Act, on June 15 with a 0.25% management fee. The fund invests in U.S. Treasury bills, overnight repurchase agreements, and other government money market assets permitted for stablecoin issuers. Fidelity joins State Street a

According to an Iraqi Ministry of Oil spokesperson, southern oil fields' production is expected to exceed 3 million barrels per day in 1-2 months.

According to investment bank TD Cowen, CME Group has the stronger legal position in its lawsuit against the U.S. Commodity Futures Trading Commission over crypto perpetual futures, filed yesterday (June 18). Jaret Seiberg, managing director at TD Cowen's Washington Research Group, stated in a note t

According to ICE, in the week ending June 16, speculative net long positions in gasoline futures increased by 7,006 contracts to 60,810 contracts.

According to the Intercontinental Exchange (ICE), speculative net long positions in Brent crude oil futures decreased by 94,763 contracts to 114,128 contracts for the week ending June 16.

According to ITAR-TASS, Russia will impose an 8% export duty on diamonds starting September 1, 2026.

According to Iraq's Oil Ministry, the country's southern oil fields are expected to restore production to over 3 million barrels per day within one to two months.

According to Panama's government statement on Friday, an audit by Swiss firm SGS SA found that First Quantum Minerals' copper mine project is overall compliant with its environmental, legal, financial, and operational obligations. The audit identified areas for improvement in administrative

According to William Henneberg, a meteorologist at Commodity Weather Group, El Niño is driving record-breaking heat waves across Europe this weekend, with France facing unprecedented high temperatures. A high-pressure system over the continental European region compresses descending air toward the s

Brent crude oil rose 1.0% intraday on June 19, trading at $80.34 per barrel.

According to Washington Post, on June 19, the United States and Iran agreed to lift all maritime restrictions on the Strait of Hormuz. Following the agreement, vessels that had been stranded in the Persian Gulf region since February are beginning to transit through the waterway. The restoration of s

According to Bloomberg tracking data, Indian tanker Desh Vibhor turned back in recent hours while heading toward the Strait of Hormuz after departing the Persian Gulf. The vessel is operated by Shipping Corp. of India.

According to Hyperinsight, crude oil prices dropped sharply today, breaking below $75. On Hyperliquid, address 0x9e8b...afc4 opened a 20x leveraged short position on xyz:CL on June 12 at an average entry price of $83, with a current position value of $32.08 million. The position has generated

According to Mexico's President Claudia Sheinbaum, teams from Mexico's state oil company Pemex and the energy ministry will travel to Brazil next week to sign an agreement with Brazil's state oil company

According to Iraqi officials, Iraq plans to increase crude oil production from its southern oil fields to 2 million barrels per day in the coming days.

According to Bloomberg, 11 tankers shipped 20 million barrels of crude oil from Iran's Chabahar Port this week, following Wednesday's interim peace accord with Washington. The shipments represent oil previously blocked from export due to U.S. restrictions. U.S. military operations had previously pre