Commodities (Crude Oil & Copper) & Macro Outlook

According to PR Newswire, economist Nouriel Roubini announced on June 23 the launch of USAFi, a permissionless ERC-20 digital security backed by the Atlas America Fund (USAF ETF). The tokenized product represents ownership of USAF, which provides exposure to U.S. Treasuries, real estate, gold, and a

According to Iran's state news agency, Foreign Ministry spokesman Baghaei stated on June 23 that Iran will decide independently how to use its unfrozen assets based on national interests and without any restrictions. The statement rebutted media speculation that asset use would be limited to

According to Jin10, on Monday (June 23), Brent crude benchmarks weakened as a surge in Middle Eastern oil exports flowed into Europe, with Forties crude falling to a two-year low and WTI Midland hitting three-month lows. The decline reflects growing oversupply concerns following the resumption of oi

WTI crude oil prices traded below $74 per barrel on Tuesday, while Brent crude held below $78 as traders evaluated US-Iran negotiations and their impact on global energy supplies. The price movement followed a 40% decline from conflict-driven highs after the two countries reached an interim peace

According to Bloomberg, the Trump administration announced on June 23 it will provide $17.5 billion in low-interest loans to support construction of 10 new nuclear reactors across the U.S. The plan aims to reduce nuclear project development timelines by up to three years and address rising

According to Iran's state media Fars News, Iranian military officials stated on June 23 that the Strait of Hormuz allows only a limited number of ships to pass daily. The specific number of vessels permitted will be adjusted based on daily circumstances, according to the military

According to Iraq's State Oil Marketing Organization (SOMO), crude oil exports from Kirkuk via the northern pipeline route have increased to nearly 7 million barrels per month, up from 4 million barrels

According to Guru Club, Baker Hughes and ANOH signed an agreement on June 23 to develop a natural gas facility in Nigeria.

According to MarketWatch, on Monday, June 22, U.S. Treasury yields rose despite a significant drop in crude oil prices. The 2-year yield climbed 5 basis points to 4.23%, while the 10-year yield increased about 5 basis points to 4.51%, according to FactSet data. This marked an unusual divergence; cru

According to China's State Administration of Grain and Material Reserves, grain operators nationwide have cumulatively purchased over 30 million tonnes of wheat as the summer harvest season advances. The procurement has progressed smoothly and achieved a strong start, according to

According to data from shipping analysis firm Kpler cited by AFP, at least 36 commercial vessels transited the Strait of Hormuz on June 22, marking the highest single-day figure since the outbreak of Iran

According to Shanghai Futures Exchange announcement, effective June 25 at the close of trading, the exchange adjusted daily price limits and trading margin requirements for fuel oil futures contracts FU2608 through FU2706 and all subsequent new contracts. Daily price limits were set at 14%, with mar

According to Shanghai International Energy Exchange, the exchange announced adjustments to trading limits for crude oil and low-sulfur fuel oil futures, effective from the June 25, 2026 trading session (starting June 24 evening session). The daily maximum opening position for non-futures company

Trading technology provider Iress announced a multi-year partnership with UAE-based broker BitDelta Pro to support the firm's expansion into equities and CFDs. The agreement will see BitDelta Pro deploy Iress' trading and market data infrastructure, including ViewPoint, Iress Pro, IOS+, FIX

According to Shanghai International Energy Exchange, on June 23, the exchange announced adjustments to its crude oil (SC) and low-sulfur fuel oil (LU) futures contracts, effective June 25, 2026. Price limits will be set at 14% for both contract series. Trading margins will be adjusted to 15% for

Iress has announced a multi-year partnership with UAE-based broker BitDelta Pro to support its expansion into equities and CFDs, the trading technology provider said recently. BitDelta Pro will deploy Iress' trading and market data infrastructure, including ViewPoint, Iress Pro, IOS+, FIX

According to sources, Russian ESPO crude oil for July-August delivery has fallen to parity with ICE Brent crude, driven by weak demand and expectations of increased supply.

According to ING analyst Bert Colijn on June 23, Eurozone June PMI survey data indicates overall business activity remains in contraction, but easing energy prices are bringing relief to price pressures. Input costs in both manufacturing and services have slowed their growth rates, while companies i

Russia's Nornickel expects palladium production in Russia to recover and reach approximately 2.7 million ounces in 2027, according to the company's latest guidance.

According to Guru Club, on June 23, the U.S. Treasury granted a 60-day full waiver on Iran crude oil and petrochemical sanctions. Iranian exporters and state oil company representatives immediately began approaching refiners in India, Japan, and South Korea to offload stranded inventory during the p