West Texas Intermediate traded near the highest price since October after data showed U.S. inventories declined for a second week.
Major indexes succumbed to marginal profit-taking Tuesday, while the S&P 500 and Dow 30 remained relatively trend neutral.
FEB14 gold shot up this morning, trading up $27 to $1,261. $1275 is our next key target and resistance level. Gold now looks like it could have some momentum to the upside, and possibly approach $1,290.
Paul Volcker said he wasn’t involved with writing the final version of the rule that bears his name.