Commodities (Crude Oil & Copper) & Macro Outlook

According to the American Petroleum Institute (API), U.S. crude oil production reached 262,000 barrels per day for the week ending June 5, 2026, up from 185,000 barrels per day in the previous week.

According to API data, U.S. crude oil imports fell by 358,000 barrels in the week ending June 5, reversing a gain of 543,000 barrels in the prior week.

U.S. finished oil imports declined 51,000 barrels per day in the week ending June 5, according to API data, down from 334,000 barrels per day the prior week.

According to API (American Petroleum Institute), U.S. heating oil inventories declined by 407,000 barrels in the week ended June 5, compared to an increase of 498,000 barrels in the prior week.

According to API Cushing data, U.S. crude oil inventories declined by 1.125 million barrels in the week ending June 5, compared with a decrease of 279,000 barrels in the previous week.

According to API data released for the week ended June 5, U.S. gasoline inventories declined by 1.191 million barrels, significantly exceeding market expectations of a 614,000-barrel drawdown. The prior week's inventories stood at 3.454 million barrels.

According to API data, U.S. crude oil inventories fell by 9.119 million barrels for the week ending June 5, significantly exceeding market expectations of a 3.421 million barrel decline and marking a larger drawdown compared to the prior week's 6.757 million barrel

On Tuesday, June 9, major U.S. asset class ETFs showed mixed performance. Real estate ETFs (REITs) gained 2.30%, while gold ETFs declined 1.63% and Brent crude oil futures ETFs fell 2.76%.

The American Petroleum Institute (API) will release its weekly crude oil inventory report at 04:30 Beijing time. Non-API members can access the data details starting around 04:32.

According to ABC, on June 10, U.S. President Donald Trump suggested the United States might participate in rebuilding Iran's infrastructure if America destroys it, but on condition that the U.S. receives half of Iran's oil. Trump stated: "Someone has to rebuild all these infrastructure—new

According to Jin10, international oil prices declined significantly on June 9. New York NYMEX crude oil futures for July delivery dropped $3.10 to close at $88.20 per barrel, a 3.4% decline, while London Brent crude futures for August delivery fell $2.80 to $91.45 per barrel, a 2.97%

According to the International Maritime Organization, over 160 tankers remain stuck in Persian Gulf waters for more than 100 days since regional conflict erupted in late February. IMO Secretary-General Dominique Dumas warned on June 9 that maritime security cannot be compromised for commercial

According to Bloomberg commodity data, on Tuesday June 9, CBOT corn futures fell 0.22%, wheat rose 0.30%, and soybeans declined 0.37% to $11.3125 per bushel at New York close. Soybean meal futures dropped 0.78%, while soybean oil futures gained 0.03%. Among other commodities, New York cocoa futures

According to market data, U.S. Treasury yields declined 3-5 basis points on Tuesday (June 9) as crude oil prices fell to their lowest levels in over a month, easing inflation concerns. West Texas Intermediate (WTI) futures dropped over 5%, while Brent crude fell more than 4%, as weak Chinese

According to Jin10 Data, overnight as of 2:30 AM on June 10, Shanghai gold futures main contract closed down 1.51% to 935 yuan/gram, Shanghai silver futures fell 4.06% to 15,758 yuan/kilogram, and SC crude oil futures declined 2.11% to 575

According to the U.S. Energy Information Administration (EIA), global crude oil inventories are declining rapidly toward their lowest levels since 2003, driven by widespread production disruptions in the Middle East following the outbreak of the Iran conflict. Major economies are drawing down

U.S. equities declined in Tuesday morning trade, with the Dow Jones Industrial Average falling over 570 points, the S&P 500 index down about 2.2%, and the Nasdaq Composite tumbling nearly 3.6%, erasing initial gains. The selloff was driven by a broader decline in technology stocks following Monday's

According to Jin10, the Canadian dollar fell to 1.3969 per U.S. dollar on Tuesday, reaching its weakest level this year as markets anticipate the Bank of Canada will hold its benchmark rate unchanged at Wednesday's decision. Crude oil prices, a key Canadian export, fell below $90 per barrel. Accordi

On June 9, former President Trump stated that Iran shot down a U.S. military Apache helicopter, with the U.S. set to respond. Following the claim, both Brent and WTI crude oil prices rose approximately $3 per barrel during intraday trading, reflecting market reaction to the geopolitical

According to Qatar Energy, the company discovered a new offshore oil field in Namibian waters, the company announced recently.