Commodities (Crude Oil & Copper) & Macro Outlook

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,

SC crude oil futures (June 2026 contract) weakened intraday on June 11, declining 1.54% to trade at 577 yuan per barrel. Trading volume reached approximately 3.203 billion yuan, with open interest declining over 1,700 positions during the

According to the World Bank, global GDP growth could slow to 1.3% in 2026 if energy supply disruptions intensify and are accompanied by major financial stress.

Gate published its May 2026 Transparency Report, outlining growth across multi-asset trading, AI-powered tools, Prediction Market services, wealth management offerings, and on-chain infrastructure. The report highlights developments as the platform expands its digital asset and multi-asset trading e

The Commodity Futures Trading Commission published new rules on June 10 that establish the first clear regulatory framework for prediction markets like Kalshi and Polymarket. The proposal distinguishes between event contracts with economic purpose—such as sports and election outcomes—and games

Iran will consider all of Elon Musk's companies in the Middle East as military targets, Iranian state media outlet Fars reported Thursday. The declaration specifically includes SpaceX's Starlink internet service and a regional ground station, according to a translated Fars Telegram post stating Iran

U.S. producer price inflation in May rose at its fastest pace since November 2022, driven by persistent energy shocks from the ongoing Iran conflict and closure of the Strait of Hormuz. The Strait closure has intensified energy price pressures, and companies are now passing higher transportation and

Between 12:15 and 12:30 UTC on June 11, 2026, Bitcoin dropped sharply by 0.73% within 15 minutes. The price fell from $62,570 to around $62,100. The trading range was 62,669.3 to 63,181.9 USDT, with a peak-to-trough amplitude of 0.81%. This sudden short-term selloff occurred amid Bitcoin’s continued pullback trend in early June. Since the May 15 peak of $81,051.98, it has retraced by about 22.8%. The main driver behind this move was the US May CPI data coming in above expectations. May CPI rose

According to Guru Club, on June 11, international crude oil prices rebounded, recovering all intraday losses. WTI crude futures rose 0.66% to $90.626 per barrel, while Brent crude futures climbed 0.68% to $93.735 per barrel. Spot gold fell $20 to $4,069.45 per ounce. U.S. President Donald Trump

According to President Trump on June 11, the U.S. will take strong measures against Iran tonight, including seizing Halk Island and gaining full control over Iran's oil and gas markets.

President Trump recently stated he will achieve complete control over Iran's oil and gas markets. The remarks reflect his administration's hardline stance on Iranian energy sector policy.

According to OPEC's monthly report, the organization's daily oil production fell to 18.829 million barrels in May, down 177,000 barrels per day from April's revised 19.005 million barrels. China's oil product net imports declined significantly in April, dropping 290,000 barrels per day to 9.65 mill

According to OPEC's monthly report, Venezuela's crude oil production rose by 36,000 barrels per day to 1.072 million barrels per day in May.

According to OPEC's monthly report, Kuwait's crude oil output increased by 16,000 barrels per day in May, reaching 573,000 barrels per day.

According to OPEC's monthly report, Saudi Arabia's crude oil production increased by 157,000 barrels per day in May, reaching 6.912 million barrels per day.

According to OPEC's May report, production from OPEC+ member countries declined by 185,000 barrels per day in May, falling to 33.13 million barrels per day.

According to OPEC monthly report, Iran's crude oil production declined by 546,000 barrels per day to 2.33 million barrels per day in May.

According to OPEC's latest monthly report released in June, the organization maintained its 2027 supply growth forecast for countries not participating in the Declaration of Cooperation at 620,000 barrels per day, unchanged from previous

According to OPEC's latest monthly report, U.S. net imports of oil products declined by 110,000 barrels per day, falling to -5.76 million barrels per day in the latest reporting period. The negative figure indicates the U.S. has shifted to a net exporter position in petroleum products.

According to OPEC's latest monthly report, the organization raised its 2027 global crude oil demand growth forecast to 1.73 million barrels per day, up from its previous estimate of 1.54 million barrels per day, reflecting a 190,000 barrel-per-day upward