Commodities (Crude Oil & Copper) & Macro Outlook

According to CNN, Cushing crude oil inventory fell to 21.6 million barrels on June 12, approaching the industry-recognized operating warning threshold of approximately 20 million barrels. Cushing, located in Oklahoma and serving as the delivery hub for WTI futures, typically holds about 40 million b

According to the UK Maritime Trade Operations, a tanker located approximately six nautical miles east of Oman was struck by an unidentified projectile on June 13. All crew members aboard were reported safe.

According to President Zelensky, Ukraine struck a Russian oil facility in Yaroslavl Oblast and the Azot chemical plant in Tula Oblast overnight on Sunday. Zelensky said the Azot plant is critical to Russia's explosives production. Ukraine also carried out strikes on Russian military logistics

According to Iranian officials, on June 14, Iran agreed not to produce or acquire nuclear weapons and to reopen the Strait of Hormuz to all commercial vessels under a memorandum with the U.S. The U.S. agreed to lift oil sanctions on Iran and release $25 billion in frozen Iranian assets through

Kuwait set its official crude oil export price for shipments to Asia in July at $5.25 per barrel above the Oman/Dubai average benchmark.

Bitcoin is trading around $65K as Q2 data reveals divergence between energy and crypto markets. Oil prices fell over 17% quarter-to-date while Bitcoin corrected just 6.5%, contrasting with Q1 when oil rallied nearly 70% as Bitcoin dropped 22%. Capital flows into oil have cooled relative to Bitcoin,

According to President Volodymyr Zelensky, Ukrainian forces struck a critical Russian oil facility in Yaroslavl region on June 14, a location over 700 kilometers from Ukraine's border.

Bank of America's chief investment strategist Michael Hartnett released a contrarian "peace beneficiary list" as reports suggest the U.S. and Iran may soon reach a peace agreement. According to BofA, the most likely beneficiaries include consumer stocks, real estate investment trusts (REITs),

UK forces intercepted a Russian shadow fleet oil tanker in the English Channel for the first time, Prime Minister Keir Starmer announced on 14 Jun 2026. Royal Marine commandos and National Crime Agency officers boarded the sanctioned vessel Smyrtos during a six-hour operation—the first UK-led

According to Sir Keir Starmer on June 14, UK forces intercepted a Russian shadow fleet oil tanker in the English Channel for the first time, in a six-hour operation led by Royal Marine commandos and National Crime Agency officers. The Ministry of Defence confirmed the vessel, Smyrtos, was boarded a

Pyth Network launched 24/7 indices for metals, oil, and U.S. equities earlier in the week, with early adoption confirmed by Coinbase, Kraken, Dydx, and Nado. The decentralized oracle network also announced that six financial institutions, including Euronext, Fidelity, and Tradeweb, have started

According to Bitcoin.com News, Pyth Network unveiled 24/7 proprietary indices for metals, oil, and U.S. equities earlier this week, with early adopters including Coinbase, Kraken, Dydx, and Nado. The new products provide continuous reference prices for assets that historically traded only during

According to Xinhua, Iran's Islamic Revolutionary Guard Corps Navy issued warnings to vessels in the Strait of Hormuz on the evening of June 13, stating the waterway was completely closed. The IRGC Navy, broadcasting on a public radio channel, told all ships in the Persian Gulf and Gulf of Oman

According to Jin10, Iran's Foreign Ministry spokesman Baghaei stated on June 13 that measures Iran has taken to ensure safe passage through the Strait of Hormuz serve both national security and international interests. Baghaei emphasized that Iran must receive service fees for providing operations i

According to Goldman Sachs' latest research note, lithium prices could rise to 250,000 yuan per ton in the fourth quarter of 2026. The forecast follows a recent report by the UN Conference on Trade and Development (UNCTAD) projecting global lithium demand will grow 353% between 2024 and 2040,

According to Guru Club, on June 13, the U.S. Commodity Futures Trading Commission (CFTC) is considering rejecting the Chicago Mercantile Exchange (CME) application to launch round-the-clock crude oil futures

According to CNN on June 12, crude oil inventory at Cushing, Oklahoma—the primary delivery hub for U.S. West Texas Intermediate futures—has fallen to 21.6 million barrels, approaching the industry-recognized operational threshold of around 20 million barrels. Cushing typically holds about 40 million

According to Guru Club, on June 13, WTI July crude oil futures fell 2.83 dollars, down 3.22% to 84.88 per barrel, marking the lowest level since the onset of Middle East tensions. The decline was driven by cooling geopolitical tensions and progress toward a U.S.-Iran agreement. For the week, crude o

According to Jin10, Iran's National Security Council Deputy Nabouyan said on June 13 that all commercial vessels will resume unrestricted transit through the Strait of Hormuz if an Iran-U.S. memorandum of understanding is reached, based on the text he

Trump posted Saturday on Truth Social that a U.S.-Iran agreement signing is scheduled for June 14, with the Strait of Hormuz reopening immediately after. Iranian Foreign Ministry spokesperson Esmaeil Baghaei denied a Sunday signing would occur, citing what he described as hesitation and