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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 crude oil this morning is down -93 cents (-2.16%) and Jan gasoline is down -0.0186 (-1.37%). Wednesday's closes: CLF6 +0.33 (+0.77%), RBF6 -0.0042 (-0.31%). Jan crude oil and gasoline prices on Wednesday settled mixed. Crude oil and gasoline prices were undercut by the +1.74 million bbl increase in crude supplies to a 5-1/2 month high at Cushing, OK, delivery point of WTI futures and by the +2.48 million bbl increase in EIA gasoline stockpiles (vs expectations of +950,000 bbl). Crude prices recovered from early losses and closed higher after the dollar index fell back from an 8-1/4 month high and closed unchanged.