Oil Could Rally Again Wednesday on Crude Inventories

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.

Click here to track oil and other commodities

______________________________


CNBC Slideshows:

___________________________

______________________________
Auto Companies in the News:

General Motorskicks off a retooled ad campaign.

Fordsales fall steeply, but less than expected.

Disclaimer