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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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Nov WTI crude oil this morning is up +48 cents (+0.58%) and Nov gasoline is up +0.0126 (+0.57%). Nov crude and Nov gasoline on Monday closed lower. Closes: CLX4 -0.04 (-0.06%), RBXX4 -0.0327 (-1.46%). Bearish factors included (1) speculation that OPEC won’t take any action to cut production and bolster crude prices before its next scheduled meeting late next month, and (2) expectations for Wednesday’s weekly EIA crude inventories to increase by +3.0 million bbl.