For a car, of course you need raw crude oil, and then refineries to make gasoline and transportation networks to deliver it.

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Crude oil is the raw commodity sector leader.

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It depends on imports of crude oil, grains, raw materials, and military equipment.

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Still, crude oil remains a leader in the raw commodity sector.

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Crude oil remains a leader in the raw commodity sector.

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Prices extended losses in afternoon trading as the raw commodity sector took another beating Wednesday, led by crude oil.

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The overall postures of the U.S. dollar index and crude oil remain underlying bearish factors for the raw commodity sector.

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The sell off in crude oil this week is also bearish for the raw commodity sector, including the precious metals.

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Crude oil is arguably the price leader of the raw commodity sector.

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Crude oil has been and will continue to be a leader in the raw commodity market sector.

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If crude oil bulls continue to weaken that would be a bearish development for the raw commodity sector, including the precious metals.

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If crude oil bulls start to weaken that would be a bearish development for the raw commodity sector, including the precious metals.

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Further weakening in the crude oil market would be a bearish development for gold and the rest of the raw commodity sector.

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Meantime, Nymex crude oil futures prices are lower early Wednesday, which is a bearish underlying factor for the raw commodity sector on this day.

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The recent sell off in crude oil and the recent stronger U.S. dollar index are bearish factors for the raw commodity sector, including the precious metals.

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