Section
The latest commodities coverage from the TrustFinance editorial desk.
Nepalese authorities report that 20,000 homes will need to be rebuilt following a deadly flood caused by a glacier collapse, as search operations continue for over 4,200 missing people.
Crude oil benchmarks fell after U.S. President Trump suggested military action against Iran would be brief, easing supply fears that had pushed prices to five-week highs. The move occurred despite a surprise drawdown in U.S. inventories.
Gold prices held steady after a 1% rebound as comments from U.S. officials and weak labor data cooled concerns about inflation, leading investors to reassess the likelihood of aggressive Federal Reserve tightening.
Crude oil futures retreated slightly following a volatile session, as investors weighed the potential for supply disruptions in the Middle East against tentative signs of de-escalation between the U.S. and Iran.
Raw sugar prices reached their highest level since April 2025, driven by harvest disruptions in top producer Brazil and tightening supplies in major consumer India.
U.S. crude oil output edged up to 13.79 million bpd in June while petroleum product demand saw a larger jump to 20.74 million bpd, according to the latest monthly data from the Energy Information Administration.
Gasoline refining margins in Northwest Europe climbed to $59.41 per barrel, approaching record levels seen during the 2022 energy crisis, as tight inventories and robust exports squeeze regional supply.
President Donald Trump stated that a renewed U.S. military campaign against Iran would be short-lived, following what he described as a 'very heavy attack' on Iranian military assets near the Strait of Hormuz.
European diesel margins remained stable near historic levels as a surprise increase in U.S. distillate inventories was offset by persistent supply concerns, including a record low on the U.S. East Coast and a Russian refinery outage.
