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WTI Crude •10 mins	62.41	+0.91	+1.48%
Brent Crude •10 mins	65.40	+0.98	+1.52%
Natural Gas •11 mins	2.790	+0.019	+0.69%
Mars US •6 hours	60.95	-2.18	-3.45%
Opec Basket •4 days	65.42	+1.42	+2.22%
Gasoline •11 mins	1.978	+0.027	+1.40%
Louisiana Light •4 days	65.88	+0.22	+0.34%

	Louisiana Light • 4 days	65.88	+0.22	+0.34%
	Bonny Light • 3 days	64.33	-1.20	-1.83%
	Mexican Basket • 4 days	62.23	+0.38	+0.61%
	Natural Gas • 11 mins	2.790	+0.019	+0.69%
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Marine •3 days	64.27	-0.98	-1.50%
Murban •3 days	64.67	-0.91	-1.39%
Iran Heavy •3 days	62.00	-1.08	-1.71%
Basra Light •3 days	64.69	-0.58	-0.89%
Saharan Blend •3 days	64.91	-1.09	-1.65%
Bonny Light •3 days	64.33	-1.20	-1.83%

	Bonny Light • 3 days	64.33	-1.20	-1.83%
	Girassol • 3 days	65.06	-1.44	-2.17%
	Opec Basket • 4 days	65.42	+1.42	+2.22%
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Canadian Crude Index •3 days	50.06	-2.14	-4.10%
Western Canadian Select •2 days	51.93	+0.26	+0.50%
Canadian Condensate •3 days	62.53	+0.31	+0.50%
Premium Synthetic •3 days	63.93	+0.31	+0.49%
Sweet Crude •2 days	61.03	+0.31	+0.51%
Peace Sour •2 days	58.03	+0.31	+0.54%

	Peace Sour • 2 days	58.03	+0.31	+0.54%
	Light Sour Blend • 2 days	60.28	+0.31	+0.52%
	Syncrude Sweet Premium • 2 days	62.03	+0.31	+0.50%
	Central Alberta • 2 days	58.18	+0.31	+0.54%
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Louisiana Light •4 days	65.88	+0.22	+0.34%
Domestic Swt. @ Cushing •3 days	58.00	-2.00	-3.33%
Giddings •3 days	51.75	-2.00	-3.72%
ANS West Coast •5 days	66.29	+1.97	+3.06%
West Texas Sour •3 days	55.76	-1.72	-2.99%
Eagle Ford •3 days	59.71	-1.72	-2.80%

	Eagle Ford • 3 days	59.71	-1.72	-2.80%
	Oklahoma Sweet • 3 days	58.00	-2.00	-3.33%
	Kansas Common • 4 days	53.75	+0.25	+0.47%
	Buena Vista • 4 days	69.92	+0.31	+0.45%
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Platinum Gains on Miner Unrest in South Africa

By Charles Kennedy - Aug 22, 2012, 12:16 PM CDT

Platinum made its biggest gains today since May amid investor concerns over tensions with minors in South Africa and clashes between strikers and security forces that left 44 dead last week.

With concerns about supply rising, platinum gained 1.3%, settling at $1,518.75 an ounce today, for an overall increase of 9.2% in the past week, according to Reuters.

While security forces and miners clashed last week at the Lonmin mine, other tensions among miners themselves are brewing, with strikers blocking other miners from work at the Rasimone mine owned by Royal Bafokeng Platinum.

The tension may also spread to the largest platinum mine in the country, Anglo American Platinum, where workers have also demanded higher wages. Anglo American Platinum is the world’s largest producer of platinum.

Analysts predict that the unrest will lead to a significant reduction in the current market surplus, and possibly even a deficit by next year.

Among other things, platinum is used in the auto industry for catalytic converters.

By. Charles Kennedy of OIlprice.com

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