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When U.S. oil prices tumbled from $50 a barrel in June to $40 at the beginning of August, oil bears rushed into the market.

Speculative investors including hedge funds and pension funds held more than 220,000 bets that oil prices would fall on the New York Mercantile Exchange in the week ended Aug. 9, according to the Commodity Futures Trading Commission. That's the highest number on record in data going back to 2006. Each contract represents 1,000 barrels, so the bearish speculative bet on U.S. crude as of Aug. 9 represented 220 million barrels of oil, or about $9.4 billion.

Bets on higher prices have also increased, so money managers' aggregate bet on crude prices is not the most bearish it has ever been.

But the numbers are surprising nonetheless. U.S. oil prices plunged more than 70% between June 2014 and February 2016 before rallying this spring. So why are fund managers taking such a large bearish position now?

The answer is likely a combination of factors. Growing inventories of petroleum products have sparked concerns that the glut of oil is set to persist despite growing demand. And the number of rigs drilling for oil in the U.S. has been rising, prompting some analysts and investors to argue that lower prices are needed to keep a lid on U.S. production. Energy consulting firm Wood Mackenzie said it found 56 companies that can generate free cash flow with oil at $50 this year, while most needed prices higher than $90 a barrel just two years ago.

"Concerns that the oil market may not be rebalancing as quickly as expected had prompted money managers to build more bearish commodity positions broadly," said Bart Melek, head of global commodity strategy at TD Securities, in a note.

Lastly, many oil investors rely on seasonal patterns to direct their trading. The end of the busy summer-driving season has frequently marked the end of oil rallies.

"If you look at the last two years, there's a peak in July and August. People are trading the seasonality," said Greg Sharenow, a portfolio manager at Pacific Investment Management Co., which manages $1.5 trillion, including $13 billion in commodities. It's "remarkable how seasonal this move has been in position."

Many analysts see the large bearish bet as a bullish sign for prices. Already, some investors that bet on lower prices likely closed those positions last week when the International Energy Agency and the Organization of the Petroleum Exporting Countries made positive statements about the oil market, prompting a rally. If more investors get skittish and close out their bets on lower prices, prices could rise sharply (as happened last August, when prices rose 27% in three sessions).

"When oil speculators accumulate larger than normal 'long' or 'short' positions, it often means that prices are at, or near, a turning point in oil pricing," said analysts at Raymond James this week. "The market may have set itself up for a large crude price rally to come."

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Warning, although high levels of inorganic arsenic, a known carcinogen, have been found in apple juice and rice, many people may not realize that many inexpensive wines such as Franzia White Grenache, tested for 5- times the amount deemed safe for tap water by the Environmental Protection Agency, while Trader Joes more info popular Charles Shaw White Zinfandel had triple the limit, according to Denver-based Beverage Grades labs, which tested more than 1,3000 bottles of wine. A bottle of Mnage Trois Moscato was 4- times the limit, which has been set at 10 parts per billion.

According to Beverage Grade co-founder Kevin Hicks, approximately 25% of the products had levels exceeding the EPA's maximum allowable amount of arsenic in drinking water: In fact, he found that, "the lower the price of wine on a per-liter basis, the higher full article the amount of arsenic." As a result, Hicks announced that he plans to file a class action suit against more learn more than 24 California winemakers and merchants for misrepresenting their products as safe.

It should be noted, however, that the federal government has virtually no official requirements regarding the labeling of ingredients found in wine. In turn, representative of one of the wine companies named in the suits contends that it is unfair to impose the same standards for wine and water since the latter is consumed in far greater quantities, thus posing a greater health hazard to full article the general public.

Basically, 2 types of arsenic compounds are found in water, food, air, and soil. One occurs naturally, while the other comes from man-made products including pesticides, which have been linked with various cancers and other long-term health problems including heart disease, especially when found at i need a attorney for free levels of 50 parts per billion.

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My name is Eugene; I am an avid blogger, the founder of We Compare Books, and a SEO specialist with Net LZ.My work with Net LZ ( consists of the management of SEO campaigns for a wide range of clients; in this capacity my focus i

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CHICAGO--(BUSINESS WIRE)--Sept. 11, 2006--Many consumers today shoulder a greater share of their health care costs than in the past. That's why the ability to predict and manage health care costs is so important. To that end, Blue Cross and Blue Shield of Illinois (BCBSIL) announced an enhancement to its BlueEdge Individual Health Savings Account (HSA)(1) products. BlueEdge HSA health plans will provide 100 percent coverage for covered services rendered by participating providers after policyholders meet their annual deductibles.

"Without coverage or with the wrong kind of coverage, catastrophic accidents or illnesses that require extensive medical services would be prohibitively expensive," said Peter Rodes, vice president, Consumer Markets, BCBSIL. "As the market leader, we responded to demand for these benefits with low premium plans that feature better cost predictability."

Benefits of a Health Savings Account(1):

-- Control - Individuals decide how to spend the money in their accounts based on their particular health care needs and budget.

-- Flexibility - Consumers can deposit (generally until age 65) or withdraw their money any time without a tax penalty as long as they use it for qualified medical expenses.

-- Portability - The HSA can be taken from one employer to another, and the owner can continue to make contributions and withdrawals.

-- Tax-Savings - An HSA provides three types of tax-savings opportunities: account contributions are tax-deductible (within limits), investments accumulate on a tax-free basis, and withdrawals for qualified medical expenses are tax-free.

BlueEdge HSA: An Extension of BCBSIL's Broad Portfolio of Health


Health plans designed to be compatible with HSA's are the latest in a lineup of new, "consumer-driven" health insurance products that provide consumers with greater control and ownership of their health care dollars and decisions. These health plans allow individuals to combine health insurance coverage with the savings and tax advantages of HSA's. In addition to access to BCBSIL's broad PPO network of contracting providers, the newly revamped BlueEdge HSA plans provide the same range of benefits as other BCBSIL plans, including coverage for hospitalization, surgery, doctors' office visits, and emergency care. Policyholders also have the additional option of 100 percent coverage of these benefits. Furthermore, the BlueEdge HSA plans offer optional maternity and prescription drug coverage, plus well-child care and adult wellness benefits, which some other health plans do not.

BlueEdge HSA Plans are Available with a Range of Deductible Levels

The BlueEdge plans are available with a range of deductibles, from $1,050, $1,750 and $2,600 for individuals with the BlueEdge Individual HSA, to $5,000 for the BlueEdge Individual HSA 5000. Family deductibles are twice those of individual levels. The BlueEdge Individual HSA now offers both 80 percent and 100 percent coverage options, and the BlueEdge Individual HSA 5000 offers 100 percent coverage for covered services once the annual deductible is met. This coverage applies to covered services rendered by participating providers.

"HSA-compatible plans are a cost-effective way for many people to manage their health costs and, at the same time, create savings that can apply to qualified medical expenses down the line when it's really needed," said Fred Karutz, corporate vice president, Consumer Markets, BCBSIL.

For 2006, consumers can make annual HSA contributions up to a maximum of $5,450 for families and $2,700 for individuals. For more information about BCBSIL's BlueEdge plans, visit or call 800-654-7385.

About Blue Cross and Blue Shield of Illinois:

Blue Cross and Blue Shield of Illinois, a Division of Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC) is the oldest and largest health insurance company in the state. Currently, Blue Cross and Blue Shield of Illinois provides health insurance coverage for more than 6.9 million people. Blue Cross and Blue Shield of Illinois' Consumer Markets Division serves the individual market of Illinois.

HCSC is an independent licensee of the Blue Cross and Blue Shield Association.

(1) Please be reminded that Health Savings Accounts (HSA's) have tax and legal ramifications. Blue Cross and Blue Shield of Illinois, a Division of Health Care Service Corporation, a Mutual Legal Reserve Company, does not provide legal or tax advice, and nothing herein should be construed as legal or tax advice. These materials, and any tax-related statements in them, are not intended or written to be used, and cannot be used or relied on, for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials. You should seek advice based in your particular circumstances from an independent advisor regarding the tax consequences of specific health insurance plan or products.

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Auto accidents- If someone is injured in a automobile accident. An auto accident injury is life changing. Even if an injury only affects a lifestyle for days, weeks or months after an accident, the pain and inconvenience of physical therapy can have a significant impact on personal or professional life. Auto accidents change the lives of millions of people every year. With a majority of the population behind the wheel, being involved in some type of car accident is almost inevitable.

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Who are the Lawyers they refer people to? What are their qualifications? o Do they DISCLOSE the fact that those lawyers PAID to be on their list? Is that how they "qualified"?


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Author's Bio: 

Law firms know the physical, emotional, financial and personal stresses that are inherent in the litigation process. It is our goal to take care of these issues so you can concentrate on healing .They have taken their caring, passionate and aggressive approach to advocacy to help hundreds of clients obtain an ideal resolution in their injury cases. We are ready to help you do the same.  For more information now visit our website

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