Commodities (Crude Oil & Copper) & Macro Outlook

According to Reuters, the United Arab Emirates raised crude oil production to above 3.8 million barrels per day in June, approaching near-record levels following its May exit from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+. Two sources familiar with production data said t

According to reports, Samsung Electronics plans to raise Dynamic Random-Access Memory (DRAM) prices by approximately 20% in the third quarter.

According to Jin10 citing agricultural data platform CropGPT, ICE New York cocoa futures reached their highest level since January on July 6, driven by concerns over West African crop growth prospects. CropGPT reported that the world's two largest cocoa producers, Ivory Coast and Ghana, have

Saudi Arabia set its official selling price for Arabian Light crude oil to the United States in August at a premium of $4.6 per barrel over the Argus Sour benchmark.

According to Jin10, on July 6, the U.S. dollar index rose 0.2% as markets reopened following the holiday. The 10-year Treasury yield climbed to 4.459% from 4.447% the previous Thursday, while the two-year yield declined to 4.108% from 4.130%. Oil prices fell after OPEC+ agreed to increase

According to Kyiv military officials, Ukraine struck the Omsk oil refinery, located approximately 2,500 kilometers from the Ukrainian border, recently, triggering a fire at the facility. The strike on the Russian infrastructure target underscores the operational range of Ukrainian forces in

According to pricing documents, Saudi Arabia set the official selling price of Arab Light crude for August at a $0.85/barrel premium to ICE Brent settlement prices.

According to Jin10, Brent crude oil held steady above $71 per barrel overnight, maintaining a consolidation pattern in international oil markets.

According to the Indian government, diesel and gasoline sales grew 6.2% and 7.4% year-over-year respectively in June, while overall fuel sales declined 3.1% to 19.42 million tonnes for the month.

As of 20:30 Beijing time on July 6, WTI crude oil futures fell 0.73%, while U.S. natural gas futures rose 0.34%.

Saudi Aramco cut its official selling price for Arab Light crude to Asian customers by $11 per barrel in August, marking the largest monthly decline in at least 26 years.

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 8% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

According to ChainCatcher, Bitcoin rose nearly 7% in the week through July 5, marking its strongest weekly performance since March. The rally was primarily driven by declining inflation expectations, with the two-year breakeven inflation rate dropping below 2%, approaching the Federal Reserve's

According to Spain's Petroleum Products Strategic Reserve Company, Spain's crude oil imports in May reached 5.2 million tonnes, up 8.2% year-on-year.

According to Zhangyuan Tungsten, the company reduced its long-term purchasing prices for tungsten products in the first half of July 2026. Prices for 55% black tungsten concentrate dropped to 448,000 yuan per metric ton, while 55% white tungsten concentrate fell to 447,000 yuan per metric ton.

Ukraine's Security Service said it struck Russian energy infrastructure, including an oil terminal at the Baltic port of Visotsk and a refinery in Russia's Kaluga region, according to a statement released

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Israel's energy minister announced that the natural gas tender process will be divided into three phases, with completion expected within 12 months.

According to Jin10 Futures, international crude oil prices plunged on July 6 following a ceasefire agreement between the U.S. and Iran. Market participants released substantial crude supplies in response to the agreement, triggering concerns about oversupply and driving prices back to levels seen be

WTI crude oil declined over 1% intraday on July 6, trading at $68.40 per barrel.