Energy Commodity Prices Remain Elevated

<p>The crude oil price remains elevated. "I got out of the crude oil Futures (/CL) position. There is a lot of Iranian crude oil sitting in storage which has affected the price," says Bob Iaccino. How is crude oil related to the overall inflation as May CPI data will be released tomorrow? Iaccino provides his take on inflation in the consumer services space.</p><p><br></p>