Commodities (Crude Oil & Copper) & Macro Outlook

According to a U.S. Treasury Department statement released this week, the department refunded nearly $22 billion in tariffs to importers in May. The refund amount marks a significant increase from $2 billion in April and represents the first major refund wave since the Supreme Court overturned

The Federal Reserve and European Central Bank face mounting inflation pressures as a military conflict between the U.S. and Iran centered around the Strait of Hormuz disrupts energy markets, with key policy decisions scheduled for 06/11/2026. The breakdown of a ceasefire has driven oil prices

According to Jin10, the U.S. Department of Energy announced on June 11 (Wednesday) that it is seeking to lend up to 40 million barrels of strategic petroleum reserves (SPR) to energy companies to help lower fuel prices. The plan is part of a prior agreement to release 172 million barrels, of which a

According to Bloomberg, CBOT soybean futures rose 0.64% to $11.3925 per bushel on Wednesday, June 10. The Bloomberg Grains Index gained 0.31% to 29.5505 points during the session.

According to Jin10 Futures, Shanghai gold futures contracts fell 3.37% and Shanghai silver contracts declined 1.08% as of 2:30 a.m. on June 11. SC crude oil futures rose 1.94% in the same session.

According to India's High Commissioner to Canada Dinesh Patnaik, India is exploring Canadian heavy crude as a potential new oil supply source amid current geopolitical tensions. Speaking at the Global Energy Show in Calgary, Patnaik highlighted that India's newly operational modern refineries are

According to Trump on June 11, the U.S. military last month escorted over 100 million barrels of oil through the Strait of Hormuz, with over 200 commercial vessels passing safely. Trump said on his social media platform that he had instructed the military to execute a covert mission to support

According to the Financial Times, an increasing number of oil tankers are turning off their vessel tracking signals when transiting the Strait of Hormuz, a practice known as "dark sailing." The trend reflects growing concerns over shipping security in the strategically critical

President Donald Trump on Wednesday revealed that the United States has been extracting millions of barrels of oil from Iran, claiming the country was unaware of the operation until his public statement. Trump said the U.S. took out 22 Iranian ships late Tuesday night after destroying Iran's radar c

According to Jin10, Rosneft's Gubkinsky refinery halted crude oil processing on June 10 after drone strikes caused damage and triggered fires, disabling two distillation units (CDU-4 and CDU-5). Each unit has a daily processing capacity of approximately 10,000 tonnes (73,000 barrels), according to i

India's High Commissioner to Canada stated that the country's newly built refinery is specifically designed to process heavy crude oil, positioning Canada as a potential supplier. India is holding regular meetings with Canada's Department of Natural Resources to explore energy procurement options, a

According to sources, Russia's Kuibyshev refinery halted crude oil processing starting June 10 following drone strikes. The facility suspended operations beginning today, impacting the region's petroleum

Crude oil prices rose 2% on Wednesday, with Brent crude futures climbing to $92 per barrel and West Texas Intermediate (WTI) crude futures gaining to around $90 per barrel, as traders assessed escalating geopolitical tensions and a significant US crude inventory drawdown. The gains followed

According to President Trump, the United States is extracting millions of barrels of oil every night. The statement reflects the administration's focus on domestic energy production.

WTI crude oil futures rose 3.00% intraday today (June 10), closing at $90.89 per barrel.

The U.S. Commodity Futures Trading Commission proposed a framework on June 10 that establishes a 90-day review process for certain event contracts submitted by registered exchanges. The framework, designated Release No. 9249-26, amends Regulation 40.11 and adds Appendix F to Part 40, replacing a 202

According to U.S. Energy Secretary Wright, the United States will begin refilling the Strategic Petroleum Reserve (SPR) starting in early 2027.

According to U.S. government estimates, Florida-based Vanguard Energy is in talks to export 250,000 barrels of diesel and gasoline to Cuba—the largest shipment of American fuel since the Eisenhower-era embargo. The cargo comprises 100,000 barrels of gasoline and 150,000 barrels of diesel,

According to the official CPI release on June 10, May 2026 headline inflation reached 4.2% year-over-year, the highest reading since April 2023, driven primarily by a 40.5% annual surge in gasoline prices and 58.9% jump in fuel oil. Energy costs, tied to the ongoing U.S.-Iran conflict and its

According to a Reuters survey, OPEC crude oil production declined by 1.06 million barrels per day in May, hitting the lowest level in more than 20 years.