Jun 11, 2026
Crude inventories are draining across the SPR and Cushing while managed money piles into copper and COMEX copper stocks build, and Tokyo retail gold has pulled back from record highs.
The Strategic Petroleum Reserve held 349.2 MM bbl as of Jun 5, the lowest since Aug 2023. That's down 2.2% on the week and down 11.1% over 30 days.
Managed-money traders held a net 75,747 copper contracts as of Jun 2, the highest since Feb 2021. The position is up 7.4% on the week and up 24.3% over 30 days.
Tokyo retail gold at Tanaka closed at ¥23,262/g on Jun 11, still in the 99th percentile of the 37-year record. It fell 3.7% on the day and is down 12.8% over 30 days.
Cushing crude stood at 21.6 MM bbl as of Jun 5, the 17th percentile of the 22-year record. That's down 3.6% on the week and down 25.7% over 30 days.
COMEX platinum coverage was 6.8% as of Jun 9, the lowest in the 5-month record. It slipped 0.8% on the day and is down 15.2% over 30 days.
US commercial crude held 426.5 MM bbl as of Jun 5, the 81st percentile of the 44-year record. That's down 1.7% on the week and down 6.7% over 30 days.
COMEX copper stocks reached 648,843 short tons as of Jun 9, the highest in the 5-month record. Up 0.2% on the day and up 5.2% over 30 days.
LME lead stocks sat at 307,225 mt as of Jun 10, the 91st percentile of the 18-year record. Down 0.3% on the day but up 15.5% over 30 days.
Sources: CME Group COMEX warehouse reports, LME warehouse data, EIA Weekly Petroleum Status Report, ETF issuer filings, and venue price quotes. Every figure is computed straight from the stored source data; percentiles rank today's level against the series' full record.