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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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Feb WTI crude oil this morning is down -5 cents (-0.09%) and Feb gasoline is up +0.0077 (+0.49%). Feb crude and Feb gasoline prices Friday closed higher. Closes: CLG5 +2.77 (+5.10%), RBG5 +0.0578 (+3.75%). Bullish factors included (1) the rally in the S&P 500 to a 1-1/2 week high, which bolsters optimism in the economic outlook and energy demand, and (2) comments from Saudi Oil Minister Ali Al-Naimi who said that oil markets are experiencing “temporary” instability and that a steady global economic expansion will resume and spur oil demand.