Commodities (Crude Oil & Copper) & Macro Outlook

According to BlockBeats on June 17, Bitcoin rebounded 13.5% from its June 5 low of $59,200, but analysts say the rally stems primarily from seller exhaustion and easing macro pressure rather than new buyer demand. Bitfinex analysts noted that BTC has stalled below the $68,266 quarterly open and

According to Rabobank's energy strategists on June 17, long tanker voyages of 28 to 55 days will constrain how quickly the oil market can rebalance, even after the Strait of Hormuz reopens. Analysts Joe DeLaura and Florence Schmit noted that shipping companies rerouting tankers via Cape of Good

On June 17, UK Business Secretary McDonald engaged in broad outreach with the European Union on steel measures. He stated that if the UK does not take action, it will lose its steel manufacturing industry.

According to Iran's state television on June 17, three Iranian oil tankers carrying approximately 5 million barrels of crude oil have passed through the Strait of Hormuz to their destinations, according to reporting by Jin10. Iranian state media said the vessels broke through U.S. naval

West Texas Intermediate crude traded below $76 per barrel and Brent crude slipped under $79 per barrel on Wednesday as both benchmarks hovered near their lowest levels since early March. The decline followed investor expectations that a US-Iran interim agreement, anticipated to be signed in

On June 17, Ukraine's military struck a 'shadow fleet' tanker in the Black Sea, according to military officials. Shadow fleet vessels are used to transport sanctioned Russian oil and circumvent international

According to QCP Market Colour, this week geopolitical tensions eased after the U.S. and Iran signed a memorandum of understanding with signals of Strait of Hormuz reopening, lifting risk assets; U.S. stock futures hit record highs and crude oil retreated

According to U.S. President Donald Trump, the Strait of Hormuz will be fully opened within one to two days (June 17). Trump stated the strait has already partially opened and will operate at full capacity. He attributed market satisfaction to the Iran agreement, and noted that oil prices are

According to sources, Russia's oil exports through its western ports increased 35% compared to initial plans in the first half of June.

According to Guru Club, Shenwan Futures announced today (June 17) that it proposes to absorb Hongyuan Futures through a merger. Upon completion, Hongyuan Futures will be deregistered in accordance with law. Both firms are longstanding players in China's futures

According to Bloomberg, the Iranian-linked oil tanker 'Sonia I', a Suezmax vessel carrying approximately 1 million barrels of crude oil, broke through U.S. naval blockade lines yesterday evening while departing from Chabahar Port near the

According to TotalEnergies CEO, increased U.S. liquefied natural gas production, while beneficial, cannot replace Qatar's supply to Europe during the upcoming winter season.

WTI crude oil briefly fell below $75 per barrel earlier today, marking its lowest level in three months. The decline was triggered by an imminent U.S.-Iran peace agreement scheduled to be signed on Friday, which would grant Tehran broad economic benefits, including immediate rights to sell oil.

In June 2026, the global energy market and risk assets saw a structural turning point. The United States and Iran successfully signed a memorandum of understanding online, and the negotiations on the agreement officially entered the second stage. International oil prices promptly plunged. The front-month WTI crude futures contract fell to $76.62 per barrel, while Brent crude futures broke below the $80 level, dropping to $79.43 per barrel. This was the first time since early March that both majo

According to Jin10, JPMorgan Asset Management strategist Hugh Kimber on June 17 identified attractive value opportunities in European equities following recent oil price declines. The cooling of energy prices ahead of a U.S.-Iran temporary peace agreement expected Friday has created selective

According to TotalEnergies CEO, the company's refinery in Saudi Arabia was struck by three unmanned drones, reducing current production capacity to 70%. Full restoration of the facility is expected by early 2027.

According to the IEA monthly report, non-OPEC+ oil producers, excluding Gulf states, are expected to increase supply by 1.7 million barrels per day in 2026, with the Americas accounting for the vast majority of the increase. Growth is forecast to slow to 1.1 million barrels per day in 2027, with the

According to the International Energy Agency's latest monthly report, Russia's 2026 oil production forecast has been downgraded to 10.3 million barrels per day.

According to the International Energy Agency (IEA) on June 17, oil supply from the Gulf region is expected to rebound to 8 million barrels per day by 2027, though full recovery of supplies through the Strait of Hormuz will take several months. A temporary U.S.-Iran agreement reached this week

Germany's day-ahead baseload electricity price recently increased by 16.8%, reaching €133.9 per megawatt-hour (MWh).