Light oil prices end the week well above $80 trading range
BonTradeUS Light oil prices end this week’s trading well up and over the $80a barrel range as Light crude oil futures for April delivery rose $1.29 to settle at $81.50 a barrel on the NYMEX.
Investors see a link between the US unemployment report, which showed the jobless rate holding steady at 9.7 percent, and higher gasoline prices, according to Jim Ritterbusch of Ritterbusch and Associates.
Curde oil prices also got a boost on Friday from China Premier Wen Jiabao, who said his country is on track for 8 percent growth this year. China is the second biggest consumer of oil in the world after the US.
Signs of economic improvement in the US embolden investors to jump into riskier assets. A stronger US economy also means higher demand for commodities including crude oil.
- Light oil prices trading around $74, eyes on US Dollar
- Oil prices trading near 2010 highs on latest US jobs data
- Oil prices trading steady around $80, stronger US dollar
- Oil prices trading steady, awaits US crude inventory data
- Oil prices trading down two percent on latest US jobs data
- Oil prices trading down two percent on stronger US dollar
- The Weekly Oil Futures Wrap at Live Oil Prices
- Crude oil ends weeks trading higher, back near $80
- Light oil trading up on heavy buying ahead of EIA report
- Brent oil price trading static, awaits US oil inventory data
- Brent oil price trading steady on higher US stocks data
- Oil prices & commodities trading higher, US dollar slides
- Oil prices trading higher amid stronger US Dollar, Europe
- Crude oil prices trading higher, eyes on US Dollar Index
- Oil prices trading lower after loosing two percent Monday
- Growth story pushes oil prices higher for the week
- Brent oil price near $80 mark, OPEC oil shipments down
- Oil prices trading around $80 on latest US inventory data
- Brent oil price trading up on latest positive US GDP data
- Oil prices trading steady after Thursday loss, eyes on dollar
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Light oil prices end the week well above $80 trading range
