Commodities (Crude Oil & Copper) & Macro Outlook

According to CCTV citing the U.S. Treasury Department website, the United States has imposed sanctions on Cuba's National Petroleum Corporation (Corporacion Cubana de Petroleo), the state-owned energy company of Cuba.

According to Jin10 Data, the U.S. Treasury Department imposed sanctions on Cuba's national oil company on June 11, according to the department's official website.

On June 11, LME base metal futures closed with mixed performance. LME tin rose 888 to 52,848 per tonne, while copper fell 33 to 13,482, and lead declined 18 to 1,944. Aluminum advanced 36 to 3,502, nickel gained 15 to 17,693, and zinc increased 5 to 3,496. Cobalt closed flat at 56,290 per tonne.

According to Jin10, Iran's Armed Forces on June 12 warned that if the United States attempts another attack, it will face more severe retaliation and a wider regional conflict. The military command stated that U.S. contradictory rhetoric—discussing negotiations while taking hostile

US stocks gained on Thursday as investors returned to semiconductor stocks following several days of heavy selling pressure. The S&P 500 rose 0.4%, the Nasdaq Composite added 0.5%, and the Dow Jones Industrial Average advanced roughly 250 points, or 0.5%. The recovery was driven by renewed

According to the U.S. Department of Agriculture, the ending corn inventory for the 2025-26 season is now forecasted at 1.96 billion bushels, compared to the previous estimate of 1.957 billion bushels. The figure slightly exceeds analyst expectations of 1.9473 billion bushels.

According to the U.S. Department of Agriculture, the projected U.S. ending cotton stock is now 3.7 million bales, down from its prior estimate of 3.9 million bales. The latest forecast falls below analyst expectations of 4.12 million bales, indicating tighter supply conditions than previously

The U.S. Department of Agriculture revised down its estimate for U.S. wheat ending stocks to 744 million bushels on June 11, lower than analyst expectations of 763.91 million bushels and its previous forecast of 762 million bushels.

Sucden Financial reported higher revenue and stronger net assets for 2025 as volatility across commodities, foreign exchange, and fixed income markets continued driving institutional trading activity. The London-based execution, clearing, and liquidity provider generated £88.1 million in net revenue

According to the U.S. Department of Agriculture (USDA), American soybean ending stocks for the 2025-2026 crop year are projected at 310 million bushels, compared with analyst expectations of 310.52 million bushels. USDA maintained its prior forecast of 310 million bushels.

The European Central Bank raised interest rates by 25 basis points, increasing the deposit facility rate to 2.25%, the main refinancing operations rate to 2.40%, and the marginal lending facility rate to 2.65%. The rate hike follows upward revisions to inflation forecasts, driven by higher energy

On June 11 evening trading session, Chinese commodity futures showed mixed performance. Ethylene glycol and methanol surged over 1%, while PTA gained approximately 0.8%. On the downside, caustic soda fell 1%, white sugar and coking coal declined at least 0.33%, and glass, soda ash, propylene, and f

According to ECB sources, policymakers expect to pause rate hikes in July if energy prices remain unchanged.

According to the U.S. Energy Information Administration, as of the week ended June 5, American natural gas inventories totaled 2.686 trillion cubic feet, down 50 billion cubic feet year-over-year, representing a 0.2% decline. However, inventories remain 1.51 trillion cubic feet above the five-year a

According to EIA data, U.S. natural gas futures fell 3% today as the weekly inventory report showed builds exceeded expectations.

According to the Energy Information Administration, U.S. natural gas inventories increased by 10.8 billion cubic feet in the week ending June 5, marking the largest weekly build since the week of June 6, 2025.

According to EIA, U.S. natural gas inventory as of the week ending June 5 rose to 2,686 billion cubic feet, up 108 billion cubic feet from the previous week. The inventory was down 5 billion cubic feet year-over-year (a 0.2% decline) but remained 151 billion cubic feet above the five-year average, r

According to Guru Club, Shanghai tin futures (SHFe tin 2607) rose 1.51% intraday on June 11 to 404,900 yuan/ton, with trading volume reaching approximately 24.379 billion yuan and daily positions increasing by over 3,800 contracts. London tin futures gained 1.52% during the same period, trading at 5

According to analyst Torbjorn Soltvedt and Jin10, low-intensity clashes between the U.S. and Iran have recently escalated into more intense exchanges despite a fragile ceasefire. Both sides are hardening their negotiating positions: the U.S. believes increased pressure on Iran and patience will

According to Gate data, WTI crude oil fell 2.22% to $91.3 per barrel and Brent crude slid 2.21% to $94.76 per barrel intraday today (June 11). Gold rose to $4,078 per ounce with a daily gain of 0.18%, while silver climbed to $63.582 per ounce,