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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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July WTI crude oil this morning is up 17 cents (+0.30%). July gasoline is up +0.0165 (+0.85%). Wednesday's closes: CLN5 -0.52 (-0.90%), RBN5 -0.0334 (-1.68%). Jul crude and gasoline on Wednesday closed lower with Jul gasoline at a 1-month low due to the rally in the dollar index to a 1-month high and on plans by Iraq, the second-biggest producer in OPEC, to increase its crude exports in Jun by +800,000 bpd to 3.75 million bpd. Crude oil saw some support from expectations that Thursday's weekly EIA data will show that crude inventories fell -2.0 million bbl for the fourth consecutive weekly decline.