Commodities (Crude Oil & Copper) & Macro Outlook

According to US News reporters Reanna Smith and Tom McGhie, Donald Trump warned today (May 5) that World War III would erupt if he were not president, while boasting of destroying 159 Iranian naval vessels. Trump made the remarks during a White House small business summit on Monday, where he repeate

According to EU Energy Commissioner Dan Jørgensen, on May 5, the world is facing its most severe energy crisis in history. Since the escalation of the Middle East situation, EU countries have spent an additional $350 billion on fuel imports without receiving any additional

According to Gate data, Brent crude oil fell to $110 per barrel today, down 2.08% intraday. WTI crude oil dropped below $104 per barrel, declining 2.10% in the session.

According to S&P Global, non-oil companies in the United Arab Emirates raised prices on May 5 at the sharpest rate in almost 15 years as supply disruptions from the US-Israeli conflict with Iran compressed profit margins. The UAE private sector's purchasing managers' index (PMI) fell from 52.9 in Ma

According to a notice from Iraq's State Organization for Marketing of Oil (SOMO) dated May 3, Iraq is offering substantial discounts on its flagship Basra crude to long-term contract buyers willing to transit the Strait of Hormuz to collect shipments. For crude loaded between May 1-10, the discount

Brazil's National Agency of Petroleum, Natural Gas and Biofuels (ANP) announced on April 4 that the country's combined oil and gas production in March reached 5.531 million barrels of oil equivalent per day, marking a historical record. The production surge reflects both operational expansion and

According to Gate data, gold rose to $4,539.50 per ounce with a 0.34% daily gain today, while silver gained 0.18% to $72.815 per ounce. The Bitcoin volatility index (BVIX) climbed 0.86% to 40.87, and the Ethereum volatility index (EVIX) surged 2.89% to 57.00. European equities showed weakness, with

According to ChainCatcher, a whale at address 0x320 opened a $10 million BTC short position with 21x leverage 1 hour ago, with an entry price of $80,251.8 and liquidation price of $108,669. The whale also holds $11 million in ZEC shorts, $8.4 million in Brent oil shorts, and $6.6 million in Amazon s

According to CNBC, U.S. crude oil exports rose to 5.2 million barrels per day in April, up over 30% from 3.9 million barrels in February. The export volume reached its highest level since April 2016, according to data from

On May 4, Iran fired 15 missiles and 4 drones at the UAE. The UAE air defenses intercepted them, and the Fujairah oil zone caught fire. Iran also targeted a UAE-affiliated tanker and a South Korean merchant ship; neither sank, but both had engine-room fires. U.S. forces used Apache and SH-60 aircraft to sink 6 Iranian speedboats and intercepted drones. This was the first direct clash since the 4/8 ceasefire, as both sides compete over the narrative of Hormuz and control. Oil prices are fluctuating, and OPEC+’s response is under observation.

Middle East tensions escalated, pushing up oil prices, and US stocks pulled back from their recent highs; Bitcoin broke above $80k yesterday, topping out at $80,776. Open interest for Deribit’s $80k call options rose notably, indicating capital betting on price gains within the month. Spot ETFs saw net inflows of $630 million this week. The market remains optimistic about progress on stablecoin yield-related terms, along with developments tied to the CLARITY Act.

Asian equity-index futures in Australia, South Korea, and Hong Kong are set to fall Tuesday, May 5, as surging oil prices weigh on US equities and bonds. Escalating tensions around the Strait of Hormuz have raised concerns about elevated energy costs. Japan's futures signaled a modest gain, while US

Broadridge has completed its acquisition of CQG, integrating futures and options execution, market connectivity, and analytics capabilities into its platform. The combined infrastructure allows institutional clients, brokers, and derivatives traders to access execution management, order routing, and

According to Iran's Fars news agency, two missiles hit a U.S. warship today, triggering a sharp reversal in Bitcoin from its $80,594 high to around $79,000. Oil prices surged 5% on the report before the U.S. denied the claim. Ethereum, Solana, and Dogecoin declined sharply alongside the broader mark

According to the UAE Ministry of Foreign Affairs, a tanker operated by the Abu Dhabi National Oil Company was struck by two Iranian drones while transiting the Strait of Hormuz on May 4. The ministry reported no casualties from the attack and strongly condemned the incident, calling on Iran to

According to European Parliament trade committee chair Bernd Lange, Trump threatened to raise tariffs on EU automobiles to 25% on May 4. Lange stated the tariffs lack legal or economic justification and are politically motivated, directly targeting German automakers. "These tariffs have neither lega

According to Gate data, WTI crude oil hit $108 per barrel today, up 5.73% intraday, while Brent crude oil rose to $112, gaining 4.14%. Spot silver declined 4.00% to $72.71 per ounce.

According to U.S. Treasury Secretary Bessent on May 4, the United States controls the Strait of Hormuz, and global oil supply will be "very well supplied" despite current conflicts. Bessent stated the global oil deficit caused by ongoing conflict is approximately 8 million to 10 million barrels per

According to Iran's FARS News Agency, Iranian military attacked a U.S. warship attempting to transit the Strait of Hormuz on May 4. In response to the incident, international crude oil prices surged intraday, with Brent crude futures rising 5.1% and West Texas Intermediate (WTI) crude futures climbi

Financial expert explains why the stock market is going to crash. He goes into detail on how the Fed could respond and how best to navigate it. Could a crypto price rally occur instead? A reputed financial expert explains why the stock market is going to crash sometime this year,