U.S. Energy Secretary Wright said he believes diesel prices peaked several weeks ago.

US goods and services trade deficit widened 13.7% MoM to $105.6bn in August, the largest monthly shortfall since early 2025, as imports hit a record on a surge in capital goods. Imports rose 4.3% MoM while exports climbed 1.4%. Inflation-adjusted goods deficit widened to $114.7bn, the biggest since March 2025. By category, nominal imports of industrial supplies, including crude and petroleum products, rose $9.1bn MoM while exports of the same category rose $6.3bn. Monthly volatility in trade since early 2025 reflects effects from US tariff policy, recent oil-price swings tied to the war, ongoing supply-chain strains and heavy AI-related investment driving equipment and technology imports.

ECB Governing Council member Rehn said he is closely monitoring market conditions.