Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, WTI July crude oil futures fell 1.78 dollars, or 2.32%, to $74.82 per barrel on June 23. Brent July crude futures dropped 2.67 dollars, or 3.31%, to $77.90 per barrel.

U.S. stock indices posted mixed results on Monday, with the S&P 500 falling 0.4% and the Nasdaq declining 0.2%, while the Dow Jones rose 0.3%. The declines were driven by a 16% drop in SpaceX shares following the company's first bond offering and broader technology sector weakness, offsetting

According to Walter Bloomberg, the U.S. Treasury Department today issued a general license authorizing the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products until August 21. The license represents a temporary suspension of related sanctions and does not

According to Financial Times, more than 441 large tanker-sized vessels gathered in waters off the Strait of Hormuz on June 21, awaiting the strategic waterway to fully reopen following negotiations between Iran and the United States. The vessels were positioned near Sohar port in Oman and Fujairah p

According to an EU Commission official statement, the European Union halted the sale of pre-allocated carbon emission allowances on Monday after achieving its €8 billion fundraising target through its Emissions Trading System (ETS). The funds are intended to support Europe's transition away from

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators increased net short positions in CBOT 2-year U.S. Treasury futures by 50,669 contracts to 1,270,507 contracts in the week ended June 16. In the same period, speculators added 47,275 contracts to their net short positions

According to the U.S. Commodity Futures Trading Commission (CFTC), for the week ending June 16, COMEX gold speculators increased net long positions by 9,258 contracts to 112,918. Silver speculators added 2,275 contracts to 12,070, while copper speculators decreased positions by 52 contracts to 71,07

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators reduced their net long positions in WTI crude oil by 2,441 contracts to 100,978 during the week ending June 16.

According to the U.S. Commodity Futures Trading Commission (CFTC), speculators' net long positions in NYMEX WTI crude oil increased by 9,258 contracts to 112,918 contracts on the week of June 16, marking the highest level in over 20

According to Venezuela's Central Bank, the country's crude oil export revenues reached $5.49 billion in the first quarter of 2026, up 21.5% compared to the same period in 2025.

According to the Bloomberg Commodity Index, at the close of New York trading on June 22, the index fell 0.89% to 29.4731 points. CBOT corn futures declined 1.13%, while wheat futures dropped 1.14%. SOYbean futures fell 0.11% to $11.4150 per bushel. Soybean meal futures rose 0.13%, and soybean oil f

According to Venezuela's Central Bank, the country's oil export revenues reached $5.49 billion in the first quarter of 2026.

According to Jin10, the U.S. Department of Interior announced on June 23 that it is cutting the bonding requirements for oil and gas drilling on federal lands by 95%, from $500,000 to $25,000, to encourage increased energy exploration. The reduced bonds, previously set under the Biden

According to Jin10, Shanghai Gold futures (main contract) closed down 0.18% at 915 yuan per gram, Shanghai Silver futures dropped 1.23% to 15,768 yuan per kilogram, and SC Crude Oil futures fell 1.72% to 502 yuan per barrel as of 2:30 AM on

As of June 22, WTI crude oil futures for July delivery closed at $74.82 per barrel. NYMEX July natural gas futures settled at $3.2530 per million British thermal units, while July gasoline futures closed at $2.9870 per

According to Jin10 Data, Shanghai Gold futures closed down 0.18% to 915 yuan per gram overnight on June 23 at 2:30 AM, while Shanghai Silver futures fell 1.23% to 15,768 yuan per kilogram. SC Crude Oil futures declined 1.72% to 502 yuan per barrel during the same trading

According to Jin10, Iran exported over 30 million barrels of crude oil to Asia over the past week, including previously blocked shipments and exports from Kharg Island, the country's largest export facility in the northern Persian Gulf. The current daily transport level of approximately 2 million ba

According to the U.S. Bureau of Ocean Energy Management (BOEM), Florida-based Odyssey Marine Exploration is seeking to extract titanium, zirconium, and other critical minerals from the seafloor off Virginia's coast. BOEM is currently evaluating the company's application and will open a 30-day

According to IEA Director Fatih Birol, the Iran-related energy crisis will push global electrification forward as governments seek to enhance energy security and shield from fossil fuel price volatility. Speaking on Monday at the Octopus Energy technology summit during London Climate Action Week, Bi

According to LME, London Metal Exchange futures showed mixed movements today. Copper futures advanced $54 to $13,649 per ton, while zinc futures climbed $52 to $3,608 per ton. Aluminum futures declined $32 to $3,364 per ton.