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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 +4 cents (+0.05%) and Nov gasoline is down -0.0032 (-0.14%). Nov crude and Nov gasoline on Friday settled higher. Closes: CLX4 +0.05 (+0.06%), RBXX4 +0.0218 (+0.99%). Bullish factors included (1) stronger-than-expected U.S. economic reports on Sep housing starts and U.S. consumer confidence, and (2) the rally in stocks which bolstered optimism in the economic outlook. A rally in the dollar index took energy prices off of their best levels.