Commodities & Macro

08:54 EDT · Aug 30, 2026

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Fear & Greed Index Sentiment · Now

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Middle distillates, not crude, are where the chokepoint is biting. The refined-product margin printed a record while gold gave back $20.60 and closed near its session low.

The blockade has spread down the barrel chain into petrochemicals, plastics and industrial gases. Gold, the asset that supposedly prices this, closed at $4,375.70 — up eleven cents.

Two chokepoints tightened in the same week, one freshwater and one salt. Crude rose more than a dollar a barrel; gold closed at $4,375.69, down $0.87.