Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: upanddown	8/6/2011 2:32:31 PM
	3 Recommendations of 206161

It's really confusing these days to try to figure out crude prices in this country. eia.gov Here the EIA says the US crude price on 7/29 was $107.96. This is supposed to be an average price but a footnote says "United States average price (f.o.b.) is weighted by estimated import volume.". Not sure what that means. eia.gov Here the EIA says WTI price on 7/29 was $95.68. The only price one ever sees in the media is the WTI price. Any news today about US crude prices will say that it closed at $86.20 yesterday. bloomberg.com Yet this says that Louisiana Light closed yesterday at $110.63 which gives it the slight premium to Brent that WTI used to have. It seems to me that it is long overdue for the commodity exchanges to develop a crude contract that reflects real crude prices in this country. The Cushing bottleneck has made WTI irrelevant.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next