SMM Daily Comments (May 16): Most Base Metals Prices Closed with Losses, SHFE Nickel, Stainless Steel Plunge, Oil Gained on G7 New Measures, US Strategic Petroleum Reserve Replenishment and Supply Concerns
- Mei 16, 2023, at 5:28 pm
- SMM
Crude oil rose slightly today. As of 16:18 CST today, WTI oil and Brent oil rose 0.51% and 0.53% respectively. Oil prices were supported by plans to replenish the U.S. Strategic Petroleum Reserve (SPR) and supply concerns over wildfires in Canada.