CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Disappointing China data dominated the markets, which drove oil down. Copper was down, as well. Gold closed up about $3 on the day.» Read More
August Brent crude futures, while down nearly 1 percent from Monday’s close, remain solidly above $115 a barrel and mirror the relative strength of the OPEC basket price.
Crude raced higher Tuesday as energy bulls pushed Nymex oil back toward the $100-a-barrel mark, prices last seen before world governments said they would release crude from their reserves last month.
The current IEA intervention is a body blow to the price uptrend, which has been in place since June 2010. It drives prices back towards $87/barrel.
CNBC's Mary Thompson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
CNBC's Sharon Epperson discusses the day's activity in the commodities markets, including the WTI-Brent spread, and looks at where oil, industrial and precious metals are likely headed tomorrow.