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Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
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Oct crude oil this morning is down -$1.10 a barrel (-2.24%) and Oct gasoline is down -0.0457 (-3.05%). Monday's closes: CLV5 +3.98 (+8.80%), RBV5 +0.0699 (+5.00%). Oct crude oil and gasoline on Monday closed sharply higher with Oct crude at a 1-month high and Oct gasoline at a 2-week high. Bullish factors included (1) the weaker dollar, (2) the IEA's downward revision in its U.S. crude production estimate for the first half of 2015 to 9.4 million bpd from a previous estimate of 9.53 million bpd, and (3) OPEC's comment in its monthly magazine that it is ready to talk to other crude producers outside of OPEC in order to achieve "fair prices."