Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, Brent crude August futures declined 2.92% to $90.38 per barrel on June 12. WTI July futures also retreated 2.58% to $87.71 per barrel, reflecting broad weakness across oil markets.

WTI crude oil fell below the $86 per barrel level today, trading at $85.86 per barrel.

WTI crude oil opened 0.8% lower on Friday, while spot gold and silver prices edged slightly higher.

According to Jin10, CME announced on June 12 that it will launch new ultra-micro crude oil and gold futures contracts with seven-day, 24-hour trading after regulatory approval. The new crude oil contract will be one-tenth the size of the existing micro WTI crude oil futures and is scheduled to launc

According to Iran's Foreign Ministry spokesperson, the Strait of Hormuz remains closed as of today due to what the government describes as illegal U.S. actions. Vessels are advised to exercise caution, as safe passage conditions do not currently

According to President Trump's statement on social media on June 11, he canceled planned military operations against Iran after negotiations with Iran's leadership reached agreement on deal terms and conditions. The announcement sparked a swift reversal in market sentiment, with U.S. equities

CME recently announced the expansion of trading hours for WTI crude oil and gold to a 7x24 trading mode, enabling round-the-clock market access for both commodities.

During U.S. trading hours today, the Metals and Mining Index rose 6.02% to 301.05 points, jumping higher at the open and maintaining upward momentum throughout the session. The Philadelphia Gold and Silver Index climbed 5.40% to 328.19 points. The Commodities Index gained 4.24% to 248.30 points. A s

Gate News: According to the latest Gate TradFi data, XTIUSD (WTI Crude USOIL) has dropped by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

Brent crude oil fell 6% intraday on June 11, trading at $88.12 per barrel.

According to Bloomberg, Chicago Board of Trade (CBOT) corn futures fell 1.73% to $4.39 per bushel on Thursday (June 11) after the U.S. Department of Agriculture (USDA) released its crop inventory report at 00:00 Beijing time, triggering sharp volatility across grain markets. The Bloomberg grains in

According to The Kobeissi Letter, the U.S. Producer Price Index (PPI) for May reached 6.5% year-over-year yesterday, surpassing expectations of 6.4% and marking its highest level since November 2022. Core PPI came in at 4.9% annually, versus expectations of 5.4% and the previous month's

WTI July crude futures fell 2.32 USD per barrel to 87.71 USD overnight, down 2.58%. Abu Dhabi Murban crude slipped 3.36% to 86.97 USD/barrel. NYMEX July natural gas closed at 3.0870 USD/million BTU, while July gasoline futures settled at 3.1014

Bitcoin reclaimed the $63,000 level on June 11 after U.S. President Donald Trump announced at 1:28 p.m. EDT the cancellation of scheduled strikes against Iran. The cryptocurrency had earlier reached $62,500, shaking off a hotter-than-expected May producer price index and rising Middle East

WTI July crude oil futures fell $2.32, down 2.58%, to $87.71 per barrel on June 11. Abu Dhabi Murban crude declined 3.36% to $86.97 per barrel.

According to Jin10 Futures, Shanghai Gold futures rose 0.75%, Shanghai Silver futures climbed 2.41%, and SC crude oil futures fell 3.63% as of the close at 2:30 a.m. on June 12.

According to President Trump's Truth Social post, on June 11, Trump canceled a planned airstrike on Iran after discussions with Iranian leadership were approved at the highest level. The announcement eased Middle East conflict concerns, sending U.S. equities sharply higher: the Dow Jones

According to Jin10, on June 12, WTI crude fell below $88 per barrel, declining 5.09% during the day's trading.

Spot gold rallied $30 intraday today, breaking through $4,130 per ounce with a daily gain of 1.4%. WTI crude oil dropped $1 in the same period, while Brent crude fell more sharply to $89.74 per barrel, down 4.27% on the day.

According to Jin10, Iran's parliament speaker Mohammad Bagher Kalibaff issued a warning on social media on the evening of June 11. Kalibaff stated that erroneous U.S. strategic decisions and impulsive policy choices would worsen the overall situation, trigger energy infrastructure disruptions and ma