Crude oil rises as base metals decline sharply
after close1 source ↓written by the desknot a recommendation
Overnight, crude oil prices surged while base metals faced broad declines. Key losses included LME tin down 1.54%, LME zinc down 1.2%, and SHFE tin down 1.43%. Precious metals also fell, with COMEX silver dropping 4.3%. This trend may impact trading strategies in the metals sector.
• SHFE copper fell 0.84%
• Stainless steel declined 1.03%
• Iron ore rose 0.54%
• Coking coal increased by 0.23%
Traders should monitor these shifts closely for potential market adjustments.
Not investment advice. For informational purposes only.