Commodities (Crude Oil & Copper) & Macro Outlook

According to the U.S. Energy Information Administration, American distillate fuel exports rose to 1.341 million barrels per day in March, up from 1.141 million barrels per day in February.

According to CCTV Finance, tin prices surged to 420,000 yuan per ton on May 31, up 40% from 300,000 yuan in November 2025, marking historic highs. The metal is a critical material in advanced semiconductor packaging due to its superior conductivity, low melting point, and strong soldering

According to the Democratic Republic of Congo's Ministry of Mines, in a recent cabinet meeting, the government designated lithium, tantalum, niobium, tungsten, uranium, and rare earths as strategic minerals. Under the country's mining law, strategic minerals are subject to a 10% royalty fee,

According to Cointelegraph, CME Bitcoin futures implement 24/7 trading starting May 29, 2026, ending the weekend gaps (CME Gap) that have historically served as short-term technical indicators. The market recently completed the most recent weekly Bitcoin CME gap fill, with prices now hovering

According to Jin10, the Oman Maritime Safety Center reported on May 30 that a suspected floating mine was discovered in the designated traffic lane west of Omani territorial waters in the Strait of Hormuz. The authority urged vessels to remain

According to Iran's Islamic Republic News Agency (IRNA), three offshore platforms at the South Pars gas field have resumed production on May 31.

According to Jin10, Aerolíneas Argentinas canceled World Cup charter flights to Miami on May 31 due to rising fuel costs affecting expected profitability. The airline had announced in February plans to launch charter flights from Rosario, Córdoba, and Tucumán to Miami beginning June 8 for

According to the Ukrainian military, Ukrainian forces struck Russia's Saratov oil refinery yesterday night (May 30).

According to Tasnim News Agency, in the past 24 hours, 28 vessels including tankers, container ships, and other commercial vessels passed through the Strait of Hormuz under Iranian Navy coordination and security escort, following proper

According to Jin10, on May 31, the European Union is considering temporarily freezing its dynamic price cap mechanism on Russian oil amid escalating Middle East conflict. The current price cap stands at $44.10 per barrel, set to be reviewed in July. The EU's dynamic system typically adjusts the cap

According to a Ukrainian drone commander, Ukrainian forces recently struck an oil refinery in Taganrog, Russia.

According to Jin10, starting June 5, 2026, China's domestic airline fuel surcharges will be reduced. For flights over 800 kilometers, adult passengers will pay 150 yuan per ticket, down 20 yuan from the previous rate. For flights of 800 kilometers or less, the surcharge drops to 80 yuan per ticket,

According to Jin10, the U.S. stock market closed at historically high levels in May, extending gains since March lows. Investor confidence is strengthening on expectations of the Strait of Hormuz reopening. This week's market moves reflect potential reactions to a potential deal: as hopes grow

According to AAA, U.S. gasoline averaged $4.35 per gallon on May 30, down 4 cents from the previous day and 17 cents from a week earlier, but still 46% higher than levels before the Iran conflict began.

Brazil's government extended measures to cap fuel price increases through July 31, maintaining a subsidy of 1.12 reais per liter for domestic refineries and diesel importers. The government consolidated two previous subsidies into a single mechanism for more efficient price stability management.

According to Alberta Wildfire, wildfires in Canada's oil sands region are advancing within 20 kilometers of a major oil-producing zone that outputs approximately 500,000 barrels per day. Six uncontrolled fires are spreading in the Lac la Biche area, home to some of Canada's largest in-situ oil sands

According to Iran's Mehr News Agency, the Iranian Armed Forces' Hatam al-Anbia Central Headquarters announced yesterday that Iran will implement full management of shipping through the Strait of Hormuz. All commercial vessels, oil tankers,

According to the Commodity Futures Trading Commission (CFTC), speculators increased their net short positions in U.S. Treasury futures by 20,577 contracts during the week ended May 26, bringing total net shorts to 199,251 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), WTI crude oil speculators reduced their net long positions by 19,186 contracts during the week ended May 26, bringing the total to 91,163 contracts.

Inflation around the globe is becoming a dominant factor in financial conduct, and energy markets are significant contributors to this phenomenon. The changes in oil prices have an impact on the cost of production, and in most cases, they can cause inflation in most economies. Therefore, the