Commodities watch: Steel stocks & oil prices jump
Steel stocks, including Steel Dynamics (STLD), Cleveland Cliffs (CLF), and Nucor Corp (NUE), are surging after President Trump moved to double tariffs on imported steel and aluminum starting June 4. Oil (CL=F, BZ=F) prices are also jumping as OPEC+ increases supply in July, adding 411,000 barrels per day. Morning Brief hosts Brad Smith and Madison Mills break down what the hike means for steel producers. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.