Commodities (Crude Oil & Copper) & Macro Outlook

According to the American Automobile Association (AAA), U.S. regular unleaded gasoline prices fell below $4 per gallon on Thursday (June 18) for the first time since March, reaching an average of $3.999. The decline follows a temporary agreement between the United States and Iran aimed at ending the

According to Reuters, International Energy Agency chief Fatih Birol called on June 18 for the Strait of Hormuz to be reopened "without conditions," with related negotiations to be completed within 60 days. Birol made the remarks in Istanbul, citing energy supply risks posed by the strait's closure a

According to Jiangxi's Department of Natural Resources, Yichun Times New Energy Mining Co., a subsidiary of CATL, reacquired the Land Use Pre-review and Site Selection Opinion for the Xiafwo lithium mine on

According to Bloomberg citing Signal Group data, about 31 supertankers carrying roughly 62 million barrels of crude oil are currently trapped in the Persian Gulf and set to be released into Asian markets. The sudden influx may create a supply glut in a region that had successfully addressed supply g

According to China Futures Exchange, the exchange will officially introduce overseas traders to participate in lithium carbonate futures and options trading starting July 3 at 9 a.m. Beijing time, marking a key step in the internationalization of the

According to ECB Governing Council member Martin Kocher, eurozone consumer prices will remain elevated for some time despite the U.S.-Iran temporary peace agreement taking effect today (June 18). Middle East tensions have exposed energy price vulnerabilities; while the newly reached accord may

According to Reuters, three Saudi-flagged supertankers carrying approximately 6 million barrels of crude oil transited through the Strait of Hormuz on Thursday (June 19), shipping data shows.

CME Group is preparing to take legal action against the US Commodity Futures Trading Commission (CFTC) over perpetual futures contracts. The exchange operator plans to file the lawsuit on Thursday. The dispute follows the CFTC's decision last month to approve bitcoin perpetual contracts as futures p

CME Group, the world's largest futures exchange operator, is preparing to file a lawsuit against the US Commodity Futures Trading Commission (CFTC) on Thursday over the regulator's recent approval of perpetual futures contracts. CME argues that perpetual futures should be classified as swaps under t

According to NEWSIS, South Korea's government extended the freeze on fuel prices for an additional month as of June 18. The price ceiling measure, originally implemented to stabilize energy costs, will remain in effect through

According to Singapore's Economic Development Board (EDB), distillate oil inventories rose 1.332 million barrels to 8.236 million barrels for the week ending June 17, marking a 3-week high.

According to Singapore's Economic Development Board, light distillate oil inventories fell 633,000 barrels to 12.031 million barrels in the week ended June 17, reaching a two-week low.

Hyperliquid, a decentralized exchange for perpetual futures, faces ongoing regulatory debate as of the 18th. The platform recorded approximately $93 billion (142 trillion won) in 24-hour trading volume, representing 36% market share among perpetual futures DEXs. The regulatory scrutiny stems from Hy

On June 18, Chinese Foreign Ministry spokesman Lin Jian stated that China's stance on maintaining stability in global supply chains for critical minerals has not changed, responding to G7's commitment to reduce dependence on Chinese rare earths and critical minerals. Lin noted that all parties

According to Jin10 Futures, on June 18, Shanghai Futures Exchange pulp futures warehouse receipts rose to 241,467 tons, up 655 tons compared to the previous trading day, while pulp factory warehouse receipts remained unchanged at 20,000 tons. Among other energy and chemical futures, petroleum

According to Iran's Student News Agency, 89% of production capacity at Iran's largest petrochemical conglomerate has resumed operations following wartime shutdowns.

According to Ukrainian President Volodymyr Zelensky, Ukraine launched its second strike on a Moscow oil refinery this week.

According to Azerbaijan's Emergency Situations Ministry, a fire at the Baku oil refinery has been extinguished.

According to the U.S. Energy Information Administration, crude oil inventory fell for the eighth consecutive week as of June 12, hitting levels not seen since July 1983. Strategic petroleum reserves dropped to their lowest since July 29, 1983, while Cushing crude storage fell to approximately 20

According to Goldman Sachs' June 17 report, oil flow through the Hormuz Strait may only recover to about 70% of pre-war levels, as regional producers increasingly rely on alternative routes. The analysis shows that for Gulf crude exports to return to pre-war levels, daily flow through the strait