Oil prices trading near $85, global stock markets higher
BonTradeOil prices are trading near $85 a barrel Wednesday in Asia as global stock markets rallied on strong earnings and more European airports opened in Volcanic ash stricken Europe, easing fears of dampened demand for crude oil.
In Wednesday’s opening trading session, US Light crude oil futures for June delivery was up 57 cents at $84.42 at midday Bangkok time in electronic trading on the NYMEX, while in London, Brent crude oil futures for June delivery was up 57 cents at $85.37 on the ICE Futures Exchange.
“Support could be coming from regional equity markets which appear to be doing OK so far today,” David Moore, commodity strategist at the Commonwealth Bank of Australia.
- Oil prices trading up 3 percent on a falling US dollar
- Crude oil prices gain as traders eye global stock markets
- Oil prices trading negative on profit taking, stock markets
- US Light oil trading higher, near $82 on Goldman, markets
- Brent oil prices trading back near $85 on rising markets
- Oil prices trading higher amid continued Iceland volcano chaos
- Oil prices running out of steam on European flights chaos?
- US Light oil prices fall under $82 on Goldman Sachs news
- Oil prices add over two percent in brisk buying session
- Oil prices start week trading around $85 on weak US dollar
- Light oil price touches $87 in trading, $100 oil soon?
- Light oil price trading up as US dollar takes a knock
- Crude oil prices hit 2010 trading high on falling US dollar
- Oil prices trading higher on Monday amid weaker US dollar
- Oil prices trading range at $80 mark on US Dollar Index
- Oil prices trading down two percent on stronger US dollar
- Oil prices trading steady, eyes on US dollar index
- Oil prices trading near 2010 highs as OPEC holds output
- Crude oil prices trading lower on stronger US dollar
- Oil prices start week trading lower amid demand concerns
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Oil prices trading near $85, global stock markets higher
