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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 down -2 cents (-0.03%) at a 1-week low and Jan gasoline is up +0.0045 (+0.22%). Jan crude and Dec gasoline on Tuesday fell to 1-week lows and closed lower. Closes: CLF5 -1.69 (-2.23%), RBF5 -0.0135 (-0.67%). Negative factors included (1) the comment from the president of Russia’ state oil producer, OAO Rosneft, that even if crude prices dropped below $60 per barrel it would not force Russia to curb crude output, and (2) the unexpected decline in U.S. Nov consumer confidence to a 5-month low.