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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 -$1.22 a barrel (-2.69%) and Oct gasoline is down -0.0109 (-0.78%). Tuesday's closes: CLV5 -3.79 (-7.70%), RBV5 -0.1266 (-8.45%). Oct crude oil and gasoline on Tuesday closed sharply lower on global demand concerns after the China Aug manufacturing PMI fell to a 3-year low and the Aug U.S. ISM manufacturing index fell to a 2-1/4 year low. Crude oil prices were also undercut by expectations that Wednesday's weekly EIA data will show that crude inventories rose by +700,000 bbl.