Commodities (Crude Oil & Copper) & Macro Outlook

According to Venezuelan officials, a new oil spill incident has been reported recently off the coast near Trinidad and Tobago. The Foreign Ministry stated the spill is more severe than the incident that occurred in

According to Royal Bank of Canada analyst Cathal Kennedy, UK economic growth is expected to slow further in coming quarters due to Middle East tensions. April data showed the economy contracted 0.1% month-on-month, reversing March's 0.3% expansion. Kennedy cited elevated commodity and service

According to Iran, 50 vessels are currently waiting for permission from Iran's Islamic Revolutionary Guard Corps Navy to transit the Strait of Hormuz, following a halt in passage attributed to U.S. hostile

According to Jin10, on June 12, defense analyst and former Austrian military official Wolfgang Putnik dismissed Trump's claim that a deal with Iran could be reached within days. Putnik stated that Trump's remarks on Iran negotiations should not be interpreted literally, describing them as part of an

According to Iran's Islamic Republic News Agency (IRNA) on June 12, Iran stated it will not restore the Strait of Hormuz to pre-war status.

According to Onchain Lens, a whale opened approximately 235,000 WTI crude oil short contracts with 20x leverage as crude oil prices fell below $85 per barrel. The position, with a notional value of around $19.38 million, quickly turned profitable. The whale's unrealized gains have

CME Group announced on local time June 11 plans for 24/7 trading of new smaller oil and gold contracts, pending regulatory approval. The new oil contract will be one-tenth the size of existing micro WTI crude futures, launching August 30, while 24-hour trading for the current 1-ounce gold futures be

According to CME, on June 11, the exchange announced plans to launch smaller-sized crude oil and gold futures contracts with 24/7 trading, pending regulatory approval. The new crude oil contract will be one-tenth the size of CME's existing micro WTI contract and will launch on August 30, while

According to Shanghai Futures Exchange data reported by Jin10, on June 12, warehouse receipts across 23 commodity futures contracts showed varied movements. Copper futures inventory fell 5,009 tons to 92,382 tons, while butadiene rubber receipts dropped 3,030 tons to 25,480 tons. Lead futures wareho

WTI crude oil fell 5.0% intraday on June 12, trading at $83.3 per barrel.

According to Jin10 on June 12, South Korea's central bank governor Rhee Chang-yong warned that policymakers cannot fall behind the inflation curve and signaled readiness to tighten monetary policy as early as next month. Amid persistent Middle East conflict pushing up energy prices, Rhee stated that

U.S. and Brent crude oil futures both declined over 4% on June 12 during intraday trading.

According to Iranian media, a preliminary U.S.-Iran memorandum of understanding includes U.S. commitments to lift sanctions, withdraw troops from Iran's vicinity, remove oil sanctions, unfreeze Iranian assets, lift naval blockade, and reopen the Strait of Hormuz. Iran's missile program would be

According to Germany's Economy Ministry, labor demand is not expected to rebound even during summer, citing persistently high energy prices as a constraint on economic recovery.

According to Iran's Mehr News Agency, on June 12, Iran and the U.S. agreed to a memorandum of understanding that includes U.S. commitment to lift sanctions, withdraw troops from Iran's vicinity, and end the naval blockade. The agreement also covers reopening the Strait of Hormuz, canceling oil sanct

According to CryptoQuant analyst Axel Adler Jr., global risk sentiment has turned neutral, with market expectations around SpaceX's upcoming IPO also influencing investor mood. Recent geopolitical tensions have shown signs of de-escalation. Meanwhile, approximately 372 oil tankers remain stranded i

Brent crude oil declined 0.8 dollar intraday, trading down 2.00% at $86.76 per barrel.

According to Guru Club, WTI crude oil futures fell 3% to $84.983 per barrel today (June 12). Brent crude oil futures also declined 3% to $87.595 per barrel.

Bitcoin traded back above $63,000 on June 11, rising approximately 2.5% even as Iran closed the Strait of Hormuz and oil prices spiked. Iran shut the strait "until further notice" following attacks on U.S. infrastructure in the Gulf, choking a waterway that handles roughly 20% of the world's oil

According to Jin10, on June 12, Shanghai Futures Exchange energy and chemical commodity warehouse inventory data showed mixed movements. Pulp futures warehouse inventory reached 236,681 tons, up 872 tons day-on-day. Coated paper futures warehouse inventory stood at 1,557 tons, up 600 tons.