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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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Dec WTI crude oil this morning is down -73 cents (-0.89%) and Dec gasoline is down -0.0203 (-0.94%). Dec crude and Dec gasoline on Thursday closed higher. Closes: CLZ4 +1.57 (+1.95%), RBZ4 +0.0505 (+2.39%). Bullish factors included (1) signs of strength in the U.S. economy after Sep leading indicators rose more than expected, and (2) reduced global economic concerns after both the China Oct HSBC manufacturing PMI and the Eurozone Oct Markit manufacturing PMI unexpectedly rose.