SMM Daily Comments (May 17): Most Metals prices Rose, Ferrous Metals Jumped with Coking Coal soaring 3.29%,Oil Went Down on Surprise Inventory Growth, Poor China Economic Data and IEA Doubt on Russia Cheat
- Mei 17, 2023, at 6:34 pm
- SMM
Crude oil fell slightly today. As of 15:01 today, WTI oil and Brent oil fell 0.68% and 0.55% respectively. Unexpected growth in crude inventories aroused concerns over demand. Meanwhile, economic data from the world's two largest oil consumers, the United States and China, missed expectations.
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SMM Morning Comments (May 17): Base Metals Closed Mostly with Losses as Market Focused on Debt Ceiling Negotiations
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SMM Evening Comments (May 17): Shanghai Nonferrous Metals Closed Mixed amid Worry about Economic Recession and a Possible Fed Rate Hike