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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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Apr WTI crude oil this morning is down -86 cents (-1.73%) and Apr gasoline is down -0.0308 (-1.56%). Apr crude and Apr gasoline prices on Friday closed higher with Apr gasoline at a 2-1/2 month high: CLJ5 +1.59 (+3.30%), RBJ5 +0.0751 (+3.95%). Bullish factors included (1) the smaller-than-expected downward revision to U.S. Q4 GDP, and (2) strength in gasoline due to supply concerns about shutdowns at several U.S. refineries including Motiva Enterprise LLC’s Port Arthur, Texas, refinery, the largest in the U.S.