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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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Jun WTI crude oil this morning is up +$1.43 a barrel (+2.37%) at a 4-3/4 month high and Jun gasoline is up +0.0230 (+1.11%) at a 5-3/4 month high. Tuesday's closes: CLM5 +1.47 (+2.49%), RBM5 +0.0345 (+1.70%). Jun crude oil and gasoline closed higher on Monday with Jun crude at a 4-3/4 month high and Jun gasoline at a 5-1/4 month high as the market is hoping for Wednesday's EIA report to show the second weekly decline in Cushing crude oil inventories and on ideas that U.S. oil production may drop as well.