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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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Jan WTI crude oil this morning is up +94 cents (+1.74%) and Jan gasoline is up +0.0239 (+1.56%). Jan crude and Jan gasoline prices Thursday closed lower. Closes: CLF5 -2.36 (-4.18%), RBF5 -0.0390 (-2.49%). Bearish factors included (1) the rally in the dollar index to a 1-week high, and (2) concern that the supply glut in global crude supplies will persist after Saudi Oil Minister Ali Al-Naimi said that Saudi Arabia and OPEC would find it “difficult, if not impossible” to give up market share by cutting crude production.