Oil Could Rally Again Wednesday on Crude Inventories

Tuesday, 2 Jun 2009 | 6:20 PM ET
Oil Tomorrow
CNBC's Sharon Epperson discusses the latest hurricane predictions from Colorado State University and looks at where commodities, including oil, are headed tomorrow.

Traders took a pause from the oil rally as it closed nearly flat at $68.55 Tuesday. Still, it could rally back toward the $70 mark Wednesday on the Energy Department's release of crude oil inventories, which are expected to show a decline.

Elsewhere in commodities, gold continued its rise toward $1000 an ounce, copper retreated more than 2 percent and platinum rose. Sharon Epperson reports. Watch the video for more.

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