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Here is a transcript of a recent video on INO TV. The CME Group's Managing Director of Energy & Metals
Products & Services, Joseph Raia talks about crude oil, natural gas and the world every markets. See more from Raia and more CME analysts by signing up at INO TV.
"Crude Oil & Energy Update" - Interview with the CME Group's Joseph Ria
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"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...
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