Commodities (Crude Oil & Copper) & Macro Outlook

WTI crude oil retreated below $79 per barrel intraday on July 16, down 0.92% during the trading session.

On July 15, the U.S. Trade Representative's Office imposed a 25% tariff on certain Brazilian goods following a year-long investigation into alleged unfair trade practices including digital trade barriers, intellectual property concerns, and illegal deforestation. The U.S. will exempt Brazilian

Brent crude fell below $84 per barrel, declining 0.81% intraday today (July 16).

ING Bank forecasts inflation will slow through 2027 for four reasons, according to a statement on May 15 (local time). The bank cited potential oil price declines if US-Iran negotiations resume, housing cost deceleration showing sub-1% year-over-year growth, labor market rebalancing from 2022's

The U.S. will impose 25% tariffs on certain Brazilian goods starting July 22.

According to Shanghai Metal Market, MMLC battery-grade lithium carbonate traded at a midpoint price of 150,950 yuan/ton this morning, down 1,250 yuan/ton from the previous day's 4:30 PM closing price.

NYDIG (New York Digital Investment Group) released its latest report, showing that Bitcoin is down nearly 30% year-to-date, trading at the bottom across asset classes and underperforming US Treasuries, silver, and more. The current slump is driven by supply mechanisms rather than risk sentiment; the drawdown structure from 2025 to 2026 is increasingly close to 2022. If Bitcoin’s price action fully replicates the 2022 pattern, the potential cycle low could be around $38,000 to $39,000. NYDIG’s su

According to commodity futures analysts, COMEX gold fell 0.07% to close at $4,066.9 per ounce on July 15, while Shanghai gold futures rose 0.03% to 887.42 yuan per gram. The moves reflected mixed signals from U.S. inflation data and escalating Middle East tensions. U.S. producer prices fell 0.3% mo

Nouriel Roubini, the New York University professor known as 'Dr. Doom' for predicting the 2008 global financial crisis, warned on July 15 (local time) that inflation remains the biggest risk factor in financial markets and US 10-year Treasury yields could approach 8%.

According to Business Insider, on July 15, economist Nouriel Roubini warned that U.S. Consumer Price Index (CPI) inflation could rise to 5-6% due to structural factors, significantly above the June rate of 3.5%. The "Dr. Doom" economist cited geopolitical tensions, particularly the U.S.-Iran

According to Citrini Research, the market research firm predicted on July 16 that global DRAM shortage will reach 28.7EB by 2030, accounting for 18% of total demand versus current global capacity of about 40EB. By 2030, global DRAM (including HBM) demand is forecast at 157.5EB against supply of

Oxford Economics (OE) withdrew its previous forecast that geopolitical risks surrounding the United States and Iran would gradually dissipate, according to a report released on the 15th (local time). The institution stated that temporary tension-reduction measures agreed upon by both countries

According to Longzhong Information, China's refined oil prices are expected to rise by approximately 250 yuan/ton on July 17, 2026, equivalent to around 0.18 yuan per liter. For a 70-liter fuel tank, private vehicle owners will pay roughly 13 yuan more to fill up. This marks the ninth price

Bitcoin (BTC) gives back its overnight gains, trading around $64,440 as of July 16. Trump will attend a key meeting on Thursday at the White House regarding the ethics provisions of the “CLARITY Act,” aimed at addressing lawmakers’ concerns about Trump and his family’s crypto businesses. Japan’s parliament approved legislation that reclassifies Bitcoin and other cryptocurrencies as financial assets, marking a major regulatory shift. Macro Events & Crypto Market Hotspots 1、According to The Block,

According to Robin Brooks, a senior fellow at the Brookings Institution and former Goldman Sachs FX strategist, the dollar avoided a steeper decline on July 15 primarily due to geopolitical risks driving oil prices higher. Brooks noted that core U.S. inflation has already retreated to a mild

According to Tianfeng Securities, on July 16, the investment bank forecasts Brent crude oil to trade in the $70–$75 per barrel range during the second half of 2026. The forecast follows a volatile first half marked by geopolitical risks that drove oil prices to near $120 per barrel before a sharp de

According to Comecarne, Mexico's meat industry organization, the country has lost approximately $2.8 billion in live cattle exports since the United States closed its border to Mexican cattle in 2024 due to a screwworm outbreak. The screwworm infestation has caused severe damage to Mexico's

According to Jin10 Futures, domestic fuel oil prices narrowed overnight on July 16, with upstream support from messaging lacking. Refiners maintained pricing while awaiting market direction, though downstream buyers released demand slowly and remained cautious on higher-priced inventory. Market

From 00:15 to 00:30 (UTC) on July 16, 2026, BTC traded in a tight range of $64,571 to $64,838.7, with a 15-minute return of -0.41% and an amplitude of 0.41%. The current quote is $64,948, up roughly 0.55% over the past 24 hours, but the Filled Amount is only 169.6 BTC—very low market participation. Both buyers and sellers lack directional conviction. The main driver behind this price move is the ongoing escalation of the U.S.-Iran conflict. The U.S. imposed a maritime blockade on Iranian ports a

According to Hana Securities, on July 16, SK Innovation's second-quarter operating profit reached 1.81 trillion won, exceeding market expectations by 21% and marking a turnaround from year-ago losses. The Seoul-based energy company's full-year operating profit forecast was raised 62.3% to 6.52 trill