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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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Mar crude oil this morning is up +56 cents (+1.89%) and Mar gasoline is down -0.0061 (-0.64%). Monday's closes: CLH6 -0.77 (-2.49%), RBH6 -0.0338 (-3.40%). Mar crude oil and gasoline on Monday closed lower with Mar gasoline at a 7-year nearest-futures low. Crude oil prices were undercut by the slump in global equity markets and by signs that OPEC will continue to overproduce after Venezuela's oil minister met with other OPEC oil ministers over the weekend and was unable to drum up support for a coordinated cut in OPEC oil production. Crude prices recovered from their worst levels as the dollar weakened.