Crude oil rises while base metals decline sharply
pre-market1 source ↓written by the desknot a recommendation
Overnight, crude oil prices surged, contrasting with a broad decline in base metals. Key losses included LME tin down 1.54%, LME zinc down 1.2%, and SHFE tin down 1.43%. Precious metals also faced pressure, with COMEX silver dropping 4.3%. This divergence may influence trading strategies in related sectors.
• SHFE copper fell 0.84%
• Stainless steel declined 1.03%
• Iron ore rose 0.54%
Traders should monitor these trends closely for potential market shifts.
Not investment advice. For informational purposes only.