Section
The latest commodities coverage from the TrustFinance editorial desk.
Mexican authorities have detected the first case of screwworm in the state of Sonora, triggering an emergency response that could jeopardize the anticipated lifting of a U.S. ban on cattle imports.
Crude oil benchmarks remained stable near recent highs after U.S. President Donald Trump announced plans for additional sanctions against Iran, intensifying a standoff that has already disrupted global energy supplies.
The price gap between Brent and WTI crude has surpassed $7 per barrel, underscoring the benchmarks' distinct exposure to geopolitical risks, supply chains, and economic drivers relevant to traders.
Gasoline refining margins in Northwest Europe rose on Wednesday, pushed higher by tightening regional supplies and broader disruptions in the global fuel market.
Nigeria's Dangote Refinery has increased its crude oil imports to approximately 640,000 barrels per day so far in August, marking a recovery from lower intake levels in June and July, according to data from Kpler analysts.
Negotiators from the U.S. and Canada are holding talks to avert a new round of tariffs set to take effect Saturday. The level of U.S. tariffs on Canadian autos remains a central point of contention in the discussions.
U.S. crude stockpiles increased by 4.4 million barrels to 428.8 million barrels for the week ending August 14, according to official data from the Energy Information Administration.
The U.S. Department of Commerce has preliminarily determined that Mexican strawberries are being sold below fair value, prompting a strong rebuke from the Mexican government, which cites potential harm to a $1 billion export industry.
Platinum prices jumped nearly 3% as cooling U.S. inflation data weakened the dollar and lowered Fed rate hike expectations, while a persistent supply deficit provided fundamental support.
