SMM Daily Comments (May 24): LME Base Metals Closed with Losses, All Ferrous Metals Dropped with Iron Ore Plunging, Oil Gained Ground as Goldman Sachs Sees Stubborn Shortage from June
- Mei 24, 2023, at 6:15 pm
- SMM
Goldman Sachs said it expects to see a sustained supply deficit of crude oil starting in June as OPEC cuts production and demand rises further.
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SMM Comment: SHFE and LME Base Metals Mostly Fall, Oil Rise on Supply Jitters after Saudi Arabia Energy Minister Warns He Would Make Short Sellers Suffer, Dollar Falls on US Debt Ceiling Issue
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