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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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Mar crude oil this morning is up +41 cents (+1.29%) and Mar gasoline is up +0.0020 (+0.19%). Thursday's closes: CLH6 -0.56 (-1.73%), RBH6 +0.0147 (+1.45%). Mar crude oil and gasoline on Thursday settled mixed. Crude oil prices were undercut by negative carryover from Wednesday's EIA data that showed a +7.79 million bbl surge in EIA crude inventories to a record high of 502.7 million bbl. Crude oil prices were supported by the fall in the dollar index to a 3-1/4 month low, which spurred short-covering in energy futures.