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		<title><![CDATA[Crude Oil Futures Trading Forum by Live Oil Prices]]></title>
		<link>http://www.liveoilprices.co.uk/forum/</link>
		<description><![CDATA[The most recent topics at Crude Oil Futures Trading Forum by Live Oil Prices.]]></description>
		<lastBuildDate>Thu, 30 Sep 2010 11:22:22 +0000</lastBuildDate>
		<generator>PunBB</generator>
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			<title><![CDATA[BOLCO,BASE OILSN500,MOTOR OIL SEA 10-40]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic521-bolcobase-oilsn500motor-oil-sea-1040-new-posts.html</link>
			<description><![CDATA[we are kaydeezee Energy& mineralsconsulting firm international,we are into outsourcing , company representative,petroleum products and natural resources products outsourcing business globally with our business partners company in asia,america, africa,europe .we supply products like base oil,mazut,cement,crude oil,j54,d2,bolco,rebco,salco,motor oil,Gold dust.......
we also looking forward for partnership and trade in these area mentioned. we can be reached in address bellow:

Lagos office:

sales reprensentative or Amaco Production Co.,Ltd.

kaydeezee Energy& mineralsconsulting firm international
15 temitope street , ikotun lagos nigeria,
Tell:+2347051087195
Email:ok_kaydee@sify.com
kaydeezee.amacooil@gmail.com	
Web:www.kaydeezee.bloombiz.com	

Thailand factory:

Amaco Production Co.,Ltd.
Tel: (66) 2 874-0333 to 8
Fax: (66) 2 428-0848
Email : sales@amacocorp.com
Website : [url=http://www.amacolube.com]www.amacolube.com[/url]]]></description>
			<author><![CDATA[dummy@example.com (kaydeezee)]]></author>
			<pubDate>Thu, 30 Sep 2010 11:22:22 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic521-bolcobase-oilsn500motor-oil-sea-1040-new-posts.html</guid>
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			<title><![CDATA[Crude Oil Wanted]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic512-crude-oil-wanted-new-posts.html</link>
			<description><![CDATA[Dear Suppliers,

I'm Neil Vyas from Northern Ireland, I'm cash buyer looking for Crude Oil to buy from any part of the world.

Please kindly contact me through my e-mail: (neil.vyas@live.com) if you are into Crude Oil.

Regards,
NEIL VYAS
E-mail: neil.vyas@live.com]]></description>
			<author><![CDATA[dummy@example.com (neilvyas)]]></author>
			<pubDate>Thu, 22 Jul 2010 16:35:38 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic512-crude-oil-wanted-new-posts.html</guid>
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			<title><![CDATA[Oil Crisis Solved!!]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic479-oil-crisis-solved-new-posts.html</link>
			<description><![CDATA[If you get a 50cc moped engine and attach a bucket on a length of fishing wire, drop it down a well, collect some crude oil, winch it up. At 30 mph it will take only 3 minuits to reach the surface(1.5 miles), take next to no petrol to operate the engine as it's running on fumes. Halfing the worlds pollution levels. Should scale up nicely!!
Paul Griffiths, Bristol, England]]></description>
			<author><![CDATA[dummy@example.com (Johnkitty)]]></author>
			<pubDate>Wed, 07 Jul 2010 07:26:54 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic479-oil-crisis-solved-new-posts.html</guid>
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			<title><![CDATA[Crude Oil in Futures Markets - Fundamentals.]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic510-crude-oil-in-futures-markets-fundamentals-new-posts.html</link>
			<description><![CDATA[How do you trade Crude Oil in Future Markets?

[b]Contract Size: [/b]1,000 US barrels or 42,000 gallons.

[b]Price Quote & Tick Size:[/b] Dollars and cents per barrel; minimum tick size is one cent per barrel or $10.00 per contract.

[b]Contract Months:[/b] All months.

[b]Trading Specs: [/b]Open outcry on NYMEX runs from 9:00 am to 2:30 pm ET. Electronic trading on Globex runs Sunday through Friday 6:00 pm until 5:15 pm with a 45 minute break each day. 

Visit: [url=http://commoditycrudeoil.com]Crude Futures[/url]]]></description>
			<author><![CDATA[dummy@example.com (Johnkitty)]]></author>
			<pubDate>Wed, 07 Jul 2010 07:25:05 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic510-crude-oil-in-futures-markets-fundamentals-new-posts.html</guid>
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			<title><![CDATA[Boone Pickens predicts oil price will rise to $80 or $90 in 2010]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic465-boone-pickens-predicts-oil-price-will-rise-to-80-or-90-in-2010-new-posts.html</link>
			<description><![CDATA[Boone Pickens, CEO of BP Capital, predicts oil will rise to $80 or $90 a barrel next year. Video link below:


[url]http://espanol.video.yahoo.com/watch/6135909/15936315[/url]]]></description>
			<author><![CDATA[dummy@example.com (peterpan)]]></author>
			<pubDate>Sat, 10 Oct 2009 11:12:42 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic465-boone-pickens-predicts-oil-price-will-rise-to-80-or-90-in-2010-new-posts.html</guid>
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			<title><![CDATA[Oil prices rebound in Asia after overnight falls]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic464-oil-prices-rebound-in-asia-after-overnight-falls-new-posts.html</link>
			<description><![CDATA[Oil prices rebounded in Asian trade today after overnight falls in reaction to weaker US consumer confidence.

New York's main contract, light sweet crude for November delivery, rose 26 cents to $66.97 a barrel. Brent North Sea crude for November delivery gained 29 cents to $65.78 a barrel.

Crude prices had tumbled yesterday after a widely watched US consumer confidence index fell to 53.1 in September from 54.5 in August, overshadowing some positive data on the housing front. 

The figure was weaker than the 57 expected on Wall Street, and suggested consumers may be cautious in resuming spending, which is key to economic recovery.

Investors are awaiting other key data to be released this week for a better gauge on the pace of recovery in the US, the world's biggest energy user. The US Department of Energy is due later this afternoon to release its weekly oil inventory report and analysts expect crude stocks to have risen by 300,000 barrels in the past week.]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Thu, 01 Oct 2009 09:39:01 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic464-oil-prices-rebound-in-asia-after-overnight-falls-new-posts.html</guid>
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			<title><![CDATA[Oil prices steady amid Iran tensions]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic458-oil-prices-steady-amid-iran-tensions-new-posts.html</link>
			<description><![CDATA[Oil prices fell slightly on Tuesday amid tensions between key crude exporter Iran and the West over the Islamic republic's atomic programme.

New York's main contract, light sweet crude for delivery in November, slipped 14 cents to 66.70 dollars a barrel. London's Brent North Sea crude for November lost 13 cents to 65.41 dollars a barrel.

Crude futures had risen earlier in Asian trading, boosted by geopolitical tensions and a rebound for US equity prices on Wall Street overnight, traders said.

Iran, the world's third biggest crude exporter, test fired missiles on Monday saying it could reach targets inside Israel and immediately drew swift condemnation from the United States and other Western nations.

Washington said the missile tests were "provocative" and urged the republic to agree to "unfettered access" to its newly revealed enrichment plant.

Washington and regional ally Israel have not ruled out a military option to stop Tehran's nuclear drive, which the West says is aimed at making nuclear weapons while Iran says it is solely for peaceful ends.

"Any consideration of an outbreak of hostilities immediately calls into focus the Strait of Hormuz, adjacent to Iran, through which flows 25 percent of the world's oil supply," said John Kilduff of MF Global.

"The escalation of tensions with Iran underlines how another element, geopolitics, of the many that caused prices to peak in 2008, can resurface suddenly," he warned.]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Tue, 29 Sep 2009 13:38:38 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic458-oil-prices-steady-amid-iran-tensions-new-posts.html</guid>
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			<title><![CDATA[Tension in the Middle East ends slump for oil prices]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic453-tension-in-the-middle-east-ends-slump-for-oil-prices-new-posts.html</link>
			<description><![CDATA[Oil prices rose for the first time in two days Friday as tensions escalated over Iran's nuclear ambitions and Federal Reserve Chairman Ben Bernanke said he continued to support a federal lending program that could weaken the dollar.

Benchmark crude for November delivery added 13 cents to settle at $66.02 a barrel on the New York Mercantile Exchange. In London, Brent crude rose 29 cents to settle at $65.11 on the ICE Futures exchange.

Oil prices slumped most of the week after government reports showed the U.S. continues to sit on a huge petroleum surplus as the U.S. driving season comes to a close.

But they rebounded early Friday when President Barrack Obama and the leaders of France and Britain issued a stern warning to Iran, demanding the country come clean on its nuclear program.

"Iran is breaking rules that all nations must follows," Obama said at the opening of the G-20 economic summit in Pittsburgh.

Iran is OPEC's second-largest oil producer after Saudi Arabia, and its southern border lies along the crucial Straight of Hormuz, where supertankers carry crude from the Persian Gulf to the rest of the world.

Any saber rattling towards Iran tends to boost oil prices. Still, the effect on Friday was relatively mild with oil producers exporting much less because of a drop in world demand.

"There's a lot of countries that would be more than happy to go over their quotas andmake up for Iran's production," said Phil Flynn, an analyst with PFGBest.

Oil prices also got a boost from Bernanke, who said he continues to support the expensive Term Asset-Backed Securities Loan Facility. The program, which gives loans to investors and is meant to spark bank lending, is seen as inflationary and has driven investors to commodities like oil.]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Mon, 28 Sep 2009 16:04:48 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic453-tension-in-the-middle-east-ends-slump-for-oil-prices-new-posts.html</guid>
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			<title><![CDATA[Oil price heads lower with supply of crude on the rise]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic452-oil-price-heads-lower-with-supply-of-crude-on-the-rise-new-posts.html</link>
			<description><![CDATA[Oil prices fell sharply Thursday for a second straight day as growing supplies of crude, gasoline and heating oil exposed how badly the U.S. recession has cut into energy demand.

Benchmark crude for November delivery fell 4 percent, or $2.79, to $66.18 a barrel on the New York Mercantile Exchange. The contract tumbled $2.79 to settle at $68.97 on Wednesday.

Prices for gasoline and heating oil also were sharply lower. The price for natural gas, which reached a seven-week high Wednesday after plunging for most of the year, was essentially flat.

Oil prices have been pushed higher for months by the weak dollar and by strengthening equities markets, but analyst Phil Flynn of PFGBest said the fundamentals are increasingly hard to ignore.

A government report Wednesday showed a more larger than expected build up in crude oil supplies. Oil demand fell by 3 percent, the government reported, and gasoline supplies surged by more than 5 million barrels even though refineries took in 316,000 fewer barrels of crude each day.

Still, the US dollar continues to influence prices because a weak dollar effectively makes dollar-based crude cheaper.

Investors watched the opening Thursday of a two-day meeting in Pittsburgh for the world's 20 most powerful leaders. News from that meeting could sway the value of the dollar and oil.

In London, ICE Brent crude fell $2.84 to $65.15 on the ICE Futures exchange.]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Fri, 25 Sep 2009 06:16:00 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic452-oil-price-heads-lower-with-supply-of-crude-on-the-rise-new-posts.html</guid>
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			<title><![CDATA[Oil price plunges 4% on inventory jump, Fed statement]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic450-oil-price-plunges-4-on-inventory-jump-fed-statement-new-posts.html</link>
			<description><![CDATA[Oil prices tumbled below $68 a barrel Wednesday after the government reported a surprise increase in crude supplies and the Federal Reserve left interest rates unchanged.

Oil for November delivery fell $2.79, or nearly 4%, to settle at $68.97a barrel. Prices initially slipped below $68 after the government's inventory report showed a sharp rise in crude stocks earlier in the day, but held steady after the Fed statement.

"It was definitely a bearish [inventory] report and got sellers invigorated," said MF Global energy analyst John Kilduff.

"Prices have been oscillating back and forth depending on whether or not investors think the economy is picking back up sufficiently to impact global demand," Kilduff said. "This is a report where the edge goes to economic activity not being robust enough to keep pace with the loft price level we've been seeing."

A weak dollar had been propping up prices recently. The greenback was narrowly mixed against the yen, euro and pound on Wednesday. Oil, like other commodities, is priced in dollars so when the U.S. currency weakens, commodities become cheaper for investors holding other currencies.

"The dollar's decline continues to provide terrific support for oil prices and other commoditities, and it won't stop anytime soon," said Kilduff. "The massive amount of stimulus and the deficit will continue to impact the dollar and stoke up inflation fears."]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Thu, 24 Sep 2009 06:15:39 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic450-oil-price-plunges-4-on-inventory-jump-fed-statement-new-posts.html</guid>
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			<title><![CDATA[Oil prices dip to $69 per barrel as supplies jump]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic446-oil-prices-dip-to-69-per-barrel-as-supplies-jump-new-posts.html</link>
			<description><![CDATA[Oil prices tumbled close to $69 per barrel Wednesday afternoon on a government report showing demand for energy remains weak.

Benchmark crude for November delivery fell n early 4 percent, or $2.69, to $69.07 a barrel on the New York Mercantile Exchange. The contract added $1.83 a barrel to settle at $71.76 on Tuesday.

Crude supplies for the week ended Friday grew by 2.8 million barrels, according to the Energy Information Administration. Analysts were expecting a 2.25 million-barrel drop, according to a survey by Platts, the energy information arm of McGraw-Hills Cos.

The same report showed much bigger than expected increases in supplies of gasoline and distillates used for heating oil and diesel fuel, sending prices of both products sharply lower as well.

Prices may grow more volatile later Wednesday during a Federal Reserve meeting later Wednesday. Even with supplies more than ample, oil prices have remained high partly because of the weakening US dollar.

Crude is priced in dollars so it becomes cheaper when the dollar falls. The dollar is at a nearly one-year low against the euro.

To combat the worst recession since the 1930s, the Federal Reserve has kept interest rates at a record low — near zero — and started an assortment of programs designed to encourage borrowing. Critics have complained that the Fed appears to be printing money to pay for the government's spending binge, and that hurts the dollar.

The Fed is expected to keep interest rates the same, but traders will be watching for hints that it may begin to rein in programs designed to support the economy.]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Wed, 23 Sep 2009 15:41:42 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic446-oil-prices-dip-to-69-per-barrel-as-supplies-jump-new-posts.html</guid>
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			<title><![CDATA[Oil price trading around $70 as stronger dollar hits demand]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic443-oil-price-trading-around-70-as-stronger-dollar-hits-demand-new-posts.html</link>
			<description><![CDATA[Oil prices fell the most in a week, dipping below $70 a barrel as a stronger dollar and slipping equity markets reduced investor demand for crude.

The drop came as the cost of insuring against a collapse in oil prices rose to the highest ever and as stockpiles rose on both sides of the Atlantic. Crude oil for October delivery fell $2.23, or 3.1pc to $69.81 a barrel on the New York Mercantile Exchange. That was the biggest drop since September 11.

The October contract expires today. The more-widely held November contract fell $2.62, or 3.7pc to $68.70. The cost of insuring against a collapse in oil prices has risen to a record, a sure sign that the markets are expecting further slide in the price of crude.

Oil traders are paying more than ever in the options market to protect against a plunge in crude prices. Crude stockpiles in the US are now 14pc larger than a year ago and OPEC is pumping 600,000 barrels a day more than the world needs, according to the International Energy Agency (IEA).

While the recovery from the first global recession since World War II pushed oil up 62pc this year to $72.04 a barrel in New York, growth alone isn't likely to erode the glut by the end of next year because production exceeds demand, data from the Paris-based IEA shows.

Oil inventories totalled about 2.8 billion barrels at the end of July within the 30 nations of the Organisation for Economic Cooperation and Development, according to the IEA. The total is equal to 62 days of demand, and 4.6pc more than the same time last year.

Supplies are brimming on both sides of the Atlantic. US distillate fuel inventories, which include heating oil and jet fuel, are the highest since 1983 at 167.8 million barrels, according to the US Energy Department.

US gasoline supplies are 2.2pc greater than they were in late May, the start of the peak-demand summer driving season, at 207.7 million barrels. More than 60 million barrels of fuel is stored on tankers offshore, according to the IEA.]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Tue, 22 Sep 2009 06:19:23 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic443-oil-price-trading-around-70-as-stronger-dollar-hits-demand-new-posts.html</guid>
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			<title><![CDATA[Oil price back below $72 in Asia amid weak demand]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic440-oil-price-back-below-72-in-asia-amid-weak-demand-new-posts.html</link>
			<description><![CDATA[Oil prices fell below $72 a barrel Monday in Asia as high crude stockpiles and weak demand tempered enthusiasm about recent signs of improvement in the world's largest economy.

Benchmark crude for October delivery was down 40 cents at $71.64 a barrel by midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gave up 43 cents Friday to settle at $72.04 a barrel.

The recession has sapped American fuel consumption, and US oil stockpiles are 14 percent larger than last year even as recent data suggests the economy is clawing out of recession. The Energy Information Administration said Wednesday that the country also is sitting on a sea of distillate fuels including heating oil, with stockpiles approaching a 27-year high.

"Most of the macro data from the US over the last month has been supportive of oil prices," said David Moore, commodity strategist at Commonwealth Bank of Australia in Sydney. "But inventories remain high and demand is weak, so that's capping prices."

Moore said crude will likely average $64 a barrel in the fourth quarter before rising to average $80 in the October to December period of 2010.

In London, Brent crude fell 41 cents to $70.91 on the ICE Futures exchange.]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Mon, 21 Sep 2009 06:07:06 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic440-oil-price-back-below-72-in-asia-amid-weak-demand-new-posts.html</guid>
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			<title><![CDATA[Crude oil price may stay around $70 to $75 in the short term]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic439-crude-oil-price-may-stay-around-70-to-75-in-the-short-term-new-posts.html</link>
			<description><![CDATA[Crude oil futures Friday stayed firmly above $72 a barrel for a third day after brief dips below the level as traders took profits ahead of a three-day holiday in Japan.

Oil prices will stay rangebound at $70 to $75 a barrel as there are no immediate bearish or bullish factors to push it either way, Ryoma Furumi, broker at Newedge Japan, said.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $72.15 a barrel at 0611 GMT, down 32 cents in the Globex electronic session. November Brent crude on London's ICE Futures exchange fell 24 cents to $71.31 a barrel.

Asian share markets were mostly lower Friday, with caution setting in after a recent string of gains.

Although several international agencies have upgraded their global oil demand forecasts, oil prices are likely to consolidate between $65 and $75 a barrel due to high U.S. distillate inventories, analysts at Mirae Asset Securities said.

"Crude oil demand in the near term remains pressured by lower U.S. imports owing to the seasonal maintenance for refineries before winter," they wrote in a note.

However, solid industrial growth figures from China and improved economic headlines in the U.S. will provide support, they said.

Jim Ritterbusch, president of Ritterbusch & Associates, said bullish equities and a weak dollar "will still need to be recognized and could prove capable of pushing nearby crude values toward the $75 mark."

Crack spreads, instead of flat prices, have become more appealing to investors recently, Ritterbusch of the trading advisory firm in Galena, Ill, wrote in a note.

Institutional profit-taking from short heating oil crack spread positions may have caused the prompt spread to rebound to around $5 a barrel despite bearish distillate stock data this week, he said.

"We would also note some weakening in the crude curve as an indication of some liquidation of previously established long crude versus short heating oil spread positions in the nearby October contract," Ritterbusch wrote.]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Fri, 18 Sep 2009 06:43:22 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic439-crude-oil-price-may-stay-around-70-to-75-in-the-short-term-new-posts.html</guid>
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			<title><![CDATA[Oil climbs above $72 as US stockpiles slip]]></title>
			<link>http://www.liveoilprices.co.uk/forum/topic438-oil-climbs-above-72-as-us-stockpiles-slip-new-posts.html</link>
			<description><![CDATA[Oil prices broke above $72 a barrel on Wednesday after a US government report showed a bigger-than-expected decline in crude inventories. NYMEX crude rose $1.58 to settle at $72.51 a barrel, adding to Tuesday's gain of $2.07, while ICE Brent rose $1.81 to $71.67.

The gain came after the US Energy Information Administration reported that commercial crude oil inventories dipped last week by 4.7 million barrels, against expectations of a 2.4-million-barrel drop.

The decline, pegged to a slowdown in imports, came alongside builds in gasoline and distillate stocks -- a combination that analysts said could hurt the profitability of US oil refiners.

"Overall, we see this week's EIA report as bearish for products but bullish for crude, with refining margins under selling pressure as a result," said Tim Evans, energy analyst at Citi Futures Perspective in New York.

Other commodities and equities also rose strongly Wednesday, inspired by a comment from U.S. Federal Reserve Chairman Ben Bernanke that an economic recovery had begun, a signal demand for raw materials may rebound.

The U.S. Commerce Department said retail sales climbed 2.7 percent in August after declining 0.2 percent in July. It was the biggest monthly advance since January 2006 and well above expectations on Wall Street for a 2 percent increase.

Oil also got a boost from weakness in the U.S. dollar, which hit a one-year low against a basket of currencies as investors turned to riskier assets.

A weaker dollar can also fuel purchases of oil and other dollar-denominated commodities, as they become relatively less expensive to nondollar holding investors.]]></description>
			<author><![CDATA[dummy@example.com (oil prices)]]></author>
			<pubDate>Thu, 17 Sep 2009 05:43:20 +0000</pubDate>
			<guid>http://www.liveoilprices.co.uk/forum/topic438-oil-climbs-above-72-as-us-stockpiles-slip-new-posts.html</guid>
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