The drivers behind Crude Oil's rally is examined, where market sentiment is the likely reasons rather than the sporadic inventory level data recently released. This sentiment could support a longer term bull run for crude.
The recent explosion in the Gulf of Mexico could also bring further attention to offshore drilling bringing on further regulation, potentially adding to the time and cost of oil production.
Gold creeps higher, still long term trend bullish and still awaiting for decisive direction from the dollar.
The Global Food Crisis fears grow with Russia extending the export ban by another 12 months, generating cause for concern for longer term supplies.

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