Spot platinum has just broken through the $1,760.00/oz mark and is now quoted at $1,760.45/oz, up 0.68% on the day; Nymex platinum futures main contract is currently quoted at $1,771.2/oz, up 0.81% on the day.

International oil prices saw a slight increase on August 18. By the close of trading, the price of September light crude oil futures delivered on the New York Mercantile Exchange rose by 44 cents compared to the previous trading day, closing at $84.94 per barrel, an increase of 0.52%. London Brent crude oil futures for October delivery rose by 15 cents to close at $91.02 per barrel, an increase of 0.17%. Both major international crude oil benchmarks showed slight upward trends, with overall vol

Venezuela's national oil company (PDVSA) has announced that by the end of this month, the country's daily crude oil production will reach 1.245 million barrels. As a major global oil reserve country, Venezuela's recovery in oil production capacity will provide crucial support for the revival of its domestic oil industry and improvement of fiscal revenues, and will also have some impact on the global oil market supply and demand landscape.

Spot platinum prices fell 3%, reaching $1,717.90 per ounce. As one of the precious metals, platinum’s price trend is often closely linked to market supply and demand, changes in the global economic environment, and fluctuations in industrial sector demand. This recent price drop has attracted significant attention from precious metals investors and related industry professionals.

Several independent US oil producers are expected to sign production cooperation agreements with Venezuelan state oil company PDVSA this Tuesday, and related matters are close to being finalized. According to three people familiar with the matter, the signing ceremony is scheduled for Tuesday evening in Houston. The conclusion of this series of agreements will most likely signify a significant increase in US participation in Venezuela's energy sector.