Commodity market may include interest rates, environmental instruments, swaps, or freight contracts. Source: International Trade Centre Energy commodities include crude oil particularly West Texas Intermediate (WTI) crude oil and Brent crude oil, natural gas, heating oil, ethanol and purified terephthalic acid. Hedging is a common practice for these commodities. For many years, West Texas Intermediate (WTI) crude oil, a light, sweet crude oil, was the world’s most-traded commodity. WTI is a grade used as a benchmark in oil pricing. It is the underlying commodity of Chicago Mercantile Exchange's oil futures contracts. WTI is often referenced in news reports on oil prices, alongside
Sweet Freedom - Now What? Sweet Freedom - Now What? Sweet Freedom - Now What? is an album by multi-instrumentalist and composer Joe McPhee, recorded in 1994 and first released on the Swiss HatHut label. Allmusic reviewer Alex Henderson states "In 1994, Joe McPhee entered a studio in Zurich, Switzerland and recorded this thoughtful yet chance-taking response to Max Roach's ambitious "Freedom Now Suite" of 1960 ... McPhee doesn't treat Roach's compositions like museum pieces; instead, he embraces them on his own terms and brings many of his own ideas to the table ... the element of surprise is exactly what McPhee is going for