Supply

Oil futures experienced a retreat after Brent and WTI dropped 2%. This decline was driven by concerns over falling oil demand, which outweighed potential supply risks or disruptions. The market continued to retreat even amid ongoing tensions related to the U.S.-Iran conflict.

Harmony’s ONE experienced a 26% decline following an attack that reportedly created tokens equivalent to a quarter of the project's total supply.

Aluminum advanced for a seventh day, reaching a seven-week high. This trend was driven by concerns that Middle Eastern supplies would remain constrained due to fading prospects of reopening the Strait of Hormuz.

Copper headed for a record close in London. This increase was fueled by strong gains attributed to signs of tighter supply circulating across the global market.

The energy market is in a bad equilibrium with prices remaining bounded. Demand and supply are expected to stay off-balance.

Wheat prices extended their July rally as escalating geopolitical tensions and deteriorating weather in major producing regions heightened concerns about supply disruptions. The market reaction reflects fears of potential shortages due to these combined factors.

Trump's generic drug tariff plan raises questions about potential impacts on medicine prices, U.S. manufacturing, and the financial outcomes for drugmakers as details remain unclear.

Mortgage rates rose to the highest level since last August, but homebuyer demand increased as buyers see more supply.

Aluminum prices fell as progress in peace talks suggests a return of supply. The article mentions aluminum billets and photographer Graham Hughes from Bloomberg.

The article highlights five American real estate markets where home sales are stagnating due to high inventory and weak buyer demand, despite current pricing and interest rates. This situation is leading to significant price reductions as sellers struggle to attract buyers.

Eight gubernatorial candidates in California present competing visions for addressing housing affordability and homelessness, with debates over increasing supply, reducing regulation, or expanding social services. The candidates' proposals reflect deep ideological divides on effective solutions to these crises.

Wheat prices have reached their highest level since 2024 due to a combination of drought conditions and increased fertilizer costs, which are reducing supply. These factors are driving up prices and impacting the market.

Stablecoin transfer volume dropped over 19% in 30 days, despite increases in supply, holders, and active addresses. The decline in transaction volume contrasts with growing adoption metrics.

Billionaire Aliko Dangote is increasing jet fuel exports from his Lagos-based refinery to Europe amid supply disruptions caused by war. The Dangote refinery, one of the world's largest, is capitalizing on reduced global supply to meet European demand.