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Jul 13, 2009

Crude Oil & Energy Update - Interview with the CME Group's Joseph Ria

When you hear the news reporters talk about the price of> crude oil in the marketplace, they're generally talking about> WTI, which is West Texas Intermediate crude oil. It's a very> light, sweet crude oil and the highest grade that's out there.> Crude oil is based on and priced on the amount of sulfur that's> in the oil. It makes it easier or harder to refine base on the> amount of sulfur. WTI being the lightest and sweetest, is the> highest priced crude oil in the marketplace.

It is a benchmark delivered in Cushing, Oklahoma.

In benchmarks for crude oil and global pricing of crude oil, WTI probably prices about 50% of the global pricing of crude oil.> Brent being basically the other pricing benchmark. There's two> out there, Brent being a little of a mixture of three different> grades of crude oil; BF&O, Brent 40 and Ossenberg. They're> all produced in the North Sea.

Please visit the link below to stream live the rest of the complimentary article from Joseph Ria. The link below will also give you exclusive access to three more video seminars and articles!

Fernando Guzmán Cavero
FGC BOLSA - FGC FINANCIAL MARKETS Alerts: "Shaky Foundation For Bank Earnings"

Most of the big six should report profits, but with the economy and deal activity weak, all is far from well on Wall Street.
Click the link below to read the full story:

Gata Dispatches:"Gene Arensberg: U.S. banks still dominate gold, silver shorts"

Submitted by cpowell on 11:09AM ET Monday, July 13, 2009. Section: Daily Dispatches 2:07p ET Monday, July 13, 2009Dear Friend of GATA and Gold:Gene Arensberg's new "Got Gold Report," abbreviated from Brien Lundin's Gold Newsletter (, has been posted at Stockhouse and in addition to updating the short position of the few investment banks that have been suppressing precious metals prices, it notes discussion at the U.S. Commodity Futures Trading Commission about imposing some meaningful position limits. Arensberg's commentary is headlined "U.S. Banks Still Dominate COMEX Gold, Silver Shorts" and you can find it at Stockhouse here: try this abbreviated link: POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.
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