This one works best when commodities are trending strongly.
Bottom line, the near- and long-term outlooks for the oil market are conflicted.
NEW YORK Oil prices rose more than 1 percent on Friday, a partial rebound from the previous day's steep slide that came when an OPEC-led decision to extend production curbs did not go as far as some investors had hoped.
Updating Our Commodity Charts December 20, 2009 Time to take a look at various commodity prices, in terms of gold.
estimates that called for a much more modest 3.3M barrel build.
The EIA build also was larger than the 5.8M barrel build reported by the API late Tuesday, so the oil headline was decidedly bearish from a supply standpoint.