Commodities (Crude Oil & Copper) & Macro Outlook

According to Saudi Aramco CEO Amin Nasser on May 11, the Strait of Hormuz disruptions could trigger an unprecedented global oil supply shock, potentially delaying market recovery to 2027. If the critical shipping channel remains blocked long-term, global crude supply could drop by

According to Reuters and two sources familiar with the matter, India rejected Russia's offer to sell U.S.-sanctioned liquefied natural gas (LNG) in mid-April, leaving a tanker stranded. The LNG cargo, originating from Russia's Portovaya Baltic facility, could not be unloaded despite the vessel

According to Fox News, on May 11, Trump said he is considering restarting PROJECT FREEDOM, a shipping corridor guidance plan introduced during the 2026 Iran crisis.

According to an emergency decree issued on May 11, Peru's government has authorized state-owned oil company Petroperu to seek $2 billion in state-guaranteed loans to ensure business continuity. The decree stipulates that the Energy and Mining Ministry will assume contingent liabilities and related

According to JPMorgan Chase, the bank forecasts average oil prices of $96 per barrel for 2026. The bank projects quarterly prices at $103/barrel for Q2, $104/barrel for Q3, and $98/barrel for Q4.

According to The Block, Bitcoin is trading above $81,000 on Monday, briefly clearing $82,000 earlier in the session and sustaining a monthly gain of over 11%, as geopolitical uncertainty rather than fundamentals drives market direction. Iran rejected the Trump administration's peace framework,

According to ship-tracking company Kpler, three oil tankers departed Hormuz Strait on Sunday, ending three consecutive days without vessel transits through the strategic waterway. The tankers—Stella, Kiara M, and Agios Fanourios I—were tracked leaving the region, with two of them appearing to have l

According to sources cited by foreign media, India is considering emergency measures on May 11 to support its foreign exchange reserves, including restrictions on non-essential imports such as gold and consumer electronics, as well as raising fuel prices. The Prime

According to Saudi Aramco CEO Nasser, the Yanbu North and Yanbu South facilities have daily export capacity of 5 million barrels. The company is studying further expansion of this capability.

According to Gate data, crude oil prices declined by approximately $1 on short-term weakness. WTI crude fell below $97 per barrel, while Brent crude hit a low of $101.03 per barrel.

According to recent reports, Harassed, director of the White House National Economic Council, stated that high energy prices are extremely unlikely to trigger a U.S. economic recession.

According to ChainCatcher, Polymarket's prediction market contract for WTI crude oil reaching $105 in May 2026 hit 66% probability, up 12% in the past 24 hours. The contract settles as "yes" if WTI futures' highest price in any 1-minute candle during May 2026 equals or exceeds $105, using

According to media reports, Saudi Aramco is ramping up export volumes from its western refinery on May 11.

According to Golden Ten Futures, international crude oil prices extended gains today, with WTI crude rising nearly 2% and Brent crude up more than 2%.

Saudi Aramco CEO Amin Nasser forecasted on May 11 that oil demand growth in 2026 will reach between 700,000 and 900,000 barrels per day, citing multiple projections reviewed by the company.

According to Saudi Aramco's chief executive, the energy supply shock that began in the first quarter of 2026 represents the largest global disruption in history. The company said it could raise crude oil production to its maximum sustainable capacity of 12 million barrels per day within three

Saudi Aramco CEO Nasser Al-Dosari said the company produced an average of 10.26 million barrels of oil equivalent per day during the first quarter of 2026.

On May 11, Hungary's economy and energy minister candidate István Kapitán stated that Hungary will not abandon Russian energy sources while diversifying its energy supply. Kapitán said Hungary has two oil pipelines and will maximize their use, prioritizing energy sources based on

According to OnchainLens, today (May 11), whale address 0x7f5 opened a long position of 151,057 BRENTOIL with 1x leverage worth approximately $15.4 million.

According to Gelonghui, London Aluminum (LME Al) rose 2.00% on May 11, trading at $3,545.20 per metric ton.