Section
The latest commodities coverage from the TrustFinance editorial desk.
The Southwest Power Pool, which manages the grid for 14 central states, issued a level three energy alert Monday as a heat wave and unexpected plant outages created a power shortfall risk.
Crude oil benchmarks were little changed in early Asian trading after gaining over 1% in the prior session, as investors weigh the supply risks from a new Houthi naval blockade against Saudi Arabia and escalating U.S.-Iran hostilities.
Yemen's Houthi group declared a naval blockade against Saudi Arabia on Monday, threatening to disrupt one of the world's most critical oil shipping routes and potentially trigger a surge in crude prices.
President Donald Trump has signed a proclamation to modify tariffs on aluminum imports, introducing an incentive program aimed at bolstering domestic smelting capacity which the White House says is currently insufficient.
Gold is trading in a tight range above the key $3,955 support level, with technical indicators showing a conflict between a dominant bearish trend and early signs of a potential bottom.
Silver is encountering significant technical resistance near the $58.30 level, with chart patterns suggesting the precious metal's recent downtrend may persist despite minor signs of a short-term pause.
The energy major is halting production at its Petronius facility and evacuating personnel from other platforms in the U.S. Gulf of Mexico ahead of a storm system expected to become Tropical Storm Bertha.
The national average for a gallon of regular gasoline has climbed to $4.10, according to AAA, as a spike in crude oil prices driven by geopolitical tensions in the Middle East impacts consumers at the pump.
Northwest European gasoline refining margins retreated slightly but remained near a four-year peak after Yemen's Houthi group declared a naval blockade on Saudi Arabia, heightening fears of supply disruptions.
