The Commodity Wrap for Friday 21st August 2026 is sponsored by Syntholene Energy.
Syntholene Energy (TSX.V: $ESAF | OTC: $SYNTF | FSE: $3DD0) is actively commercializing a new production pathway for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology. The Company’s mission is to deliver the world’s first high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale.
Legend: 🟢 Up | 🟡 Unchanged | 🔴 Down
We’ll cover the QE/Not QE (but definitely is QE!) in tomorrow’s Market Wrap. For gold though, the reaction to the US Treasury buyback operation announcement on Wednesday 19th August was swift.
And it kept rising from thereon in, finishing the week very strongly at $4,602.66 (up $226.41 or 5.17%). Note that gold has now surpassed its 200-day moving average.
It was a similar case for Silver as it finished the week $68.94 (up $4.23 or 6.55%), although it didn’t surpass its 200-day moving average.
A lot of people are quite rightly focused on oil. But what about diesel crack spreads? They recently (in regional cases) went past $100 per barrel, and this will lead to severe economic consequences.
First of all, what is a diesel crack spread?
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