Commodities (Crude Oil & Copper) & Macro Outlook

According to Singapore's Economic Development Board, fuel oil inventories declined by 4.51 million barrels to 14.84 million barrels in the week ending June 10, marking the lowest level in eight years.

According to Singapore Economic Development Board, light distillate stockpiles rose by 1.168 million barrels to 12.664 million barrels in the week ended June 10, reaching a two-week high.

WTI crude oil fell intraday by $2.01 to $90.69 per barrel, down 2.16%, while Brent crude declined 2.00% to $91.85 per barrel on June 11.

According to Jin10, China's Vice Director of National Energy Administration Song Hongkun met with Saudi Aramco President Mohammed Al-Katani on June 9 to discuss international energy security and China-Saudi oil and gas cooperation. The two sides exchanged views on strengthening bilateral energy

According to Shanghai Futures Exchange, on June 11, fuel oil warehouse inventory declined by 3,000 tonnes to 31,160 tonnes compared to the previous trading day. Most other energy and chemical futures warehouse inventories remained flat, including medium sulphur crude oil holdings at 2.961 million

Michael Saylor attributed Bitcoin's recent decline to a short-term capital rotation toward artificial intelligence and large technology initial public offerings, rather than a fundamental deterioration in Bitcoin's investment case. According to the MicroStrategy executive chairman,

Bitcoin and copper are increasingly driven by the same global liquidity cycles, reflecting Bitcoin's evolution into a macro-sensitive asset. This dynamic emerged not because the assets are becoming similar, but because both respond to the same underlying force—global liquidity and capital rotation b

On June 11, several Chinese commodity-linked ETFs showed mixed performance at market close. Guotai Asset Management Shanghai Commodity ETF and Jianxin Energy and Chemical Futures ETF surged over 1%, while Huaxia Soybean Meal Futures ETF gained nearly 1%. In contrast, Guotai Rui Silver Futures

According to Indian officials, three Indian sailors were killed on an oil tanker that was targeted by U.S. military forces over alleged violations of American sanctions against Iran.

According to Guru Club, polysilicon main contract surged 8% on June 11, now trading at 37,375 yuan per ton.

UAE-based ASK Group and U.S. blockchain company Keeta launched a joint venture to tokenize physical Gulf commodities including oil, gold, silver and copper onto a public exchange by 2027. The partnership aims to democratize direct asset ownership by converting physical reserves into fractional

According to shipping intelligence firm Kpler, approximately 96 million barrels of non-Iranian crude oil have been exported through the Strait of Hormuz or the Gulf of Oman since early May. Including shipments still loading, total exports exceed 100 million barrels, broadly aligning with former U.S.

Gate News, May 2026, according to Gate’s Transparency Report. In May, Gate spot trading volume reached $3.94 billion, derivatives trading volume was $35.16 billion, and total trading volume was $39.10 billion. The derivatives market share is close to 10%, and the reserve size ranks fourth globally. The platform business achieved comprehensive growth. The CFD contract market size further expanded, with 605 trading assets already live. The number of assets ranks first globally among crypto trading

According to PRNewswire, UAE-based ASK Group and Keeta, a blockchain company backed by tech billionaire Eric Schmidt, have launched a joint venture to tokenize physical Gulf commodities on a public exchange accessible to global investors by 2027. The platform will convert oil, gold, silver and

According to Guru Club, polysilicon futures (multi-Si 2609) surged 7% intraday on June 11, reaching 36,970 yuan per ton with trading volume exceeding 19.9 billion yuan.

According to Jin10 data on June 11, Russia's Gubkin refinery halted operations after a drone strike, contributing to a significant supply disruption in global oil markets. Shell's CEO stated that the Strait of Hormuz-related situation has created a 1.2 billion barrel supply gap in the oil market,

According to Reuters, in May, the U.S. surpassed Saudi Arabia and Russia to become the world's largest oil exporter at 10.5 million barrels per day, maintaining the top position for three consecutive months. Russia's exports have declined to 7 million barrels daily due to Ukrainian drone attacks and

According to Guru Club, lithium carbonate futures rallied over 4% on June 11, with prices trading at 173,900 yuan per ton.

According to Jin10, on June 10, CME data showed gold trading volume increased 64,627 contracts to 225,114 while open interest rose 4,499 to 337,208 hand. Silver volume climbed 7,669 to 86,834 contracts with open interest up 2,584 to 106,024. WTI crude oil volume surged 18,349 to 943,979 contracts an

On June 10, the U.S. Commodity Futures Trading Commission issued its first prediction-market rule proposal, signaling it would broadly permit sports event contracts while restricting wagers on manipulable outcomes. Under the proposed rules, sports contracts settling on aggregate outcomes such as