Oil Above $112, Australia Wheat Cuts, Platinum Surge and AI Power Boom

Brent crude closes above $112 as oil inventories tighten and the U.S. extends sanctions waivers on stranded Russian crude. Australian farmers slash wheat planting amid soaring fertilizer costs and dry weather risks, raising fears of a global grain deficit. Platinum group metals rally on persistent supply shortages, while tungsten price spikes raise drilling costs for U.S. energy producers. Meanwhile, NextEra’s $66.8 billion acquisition of Dominion highlights the accelerating race to power AI-driven data center growth across the United States.https://www.commoditiesinstitute.comFOLLOW US @commoditiesinstituteInstagram - https://www.instagram.com/commoditiesinstituteFacebook - https://www.facebook.com/61584221970761TikTok - https://www.tiktok.com/@commoditiesinstituteYouTube - https://www.youtube.com/@commoditiesinstituteListen to the Podcast:Spotify Podcast - https://open.spotify.com/show/6eO2y40mmH5J8boeF0ANjJApple Podcast - https://podcasts.apple.com/us/podcast/the-commodities-institute-podcast/id1826784341Commodities Market Oil Metals News Trading Agriculture Policy Politics Energy