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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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Aug WTI crude oil this morning is down -89 cents (-1.50%). Aug gasoline is down -0.0233 (-1.14%). Tuesday's closes: CLQ5 +1.14 (+1.95%), RBQ5 +0.0431 (+2.15%). Aug crude oil and gasoline prices on Tuesday closed higher on expectations that Wednesday's weekly EIA crude inventories will drop -2.5 million bbl, the ninth consecutive weekly decline. The main bearish factor was news that OPEC Jun crude production rose +744,000 bpd to 32.134 million bpd, the most in 2-3/4 years.