WTI oil trading over $73 as stock markets lift oil prices

WTI oil futures are trading over $73 on Tuesday as global and US stock markets move higher and in turn give oil prices a boost. US Light crude oil futures for August 2010 delivery was at $73.14 a barrel at 15.00 GMT on the NYMEX. Global stock markets rose higher as investors recover some of the big losses that piled up in recent weeks following a string of disappointing economic reports from Europe and the US. The Dow Jones Opens Higher In the US, the Dow Jones starts it’s shorter week trading higher is looking to recover some losses after dropping over seven percent over the last two weeks, pushing it to its lowest closing level since early October 2009. European Stock Markets Gain Meanwhile, in Europe, all stock markets are higher as investors see prices at bargain levels after dropping sharply in recent weeks, mirroring bumper gains in Asian markets. Oil Prices off One Month Lows WTI oil prices have chased stock markets over this period and as predicted, are following them higher again, after dropping to their lowest level in nearly a month last week that brought both Brent and WTI oil prices trading lower by nearly ten percent. WTI oil price jumps higher in a mixed trading week Brent oil trading lower on continued euro debt concerns Light oil price trading up as US dollar takes a knock WTI oil price trading near $73, time to get long on oil? WTI oil trading down 3 percent, near $73 on grim US data Brent oil prices trading near $80 as stock markets jump WTI oil price trading higher on US dollar & supply data Oil prices trading higher helped by Asian stock markets Oil prices trading at $70 mark amid stock market falls Oil prices trading at $71 mark, following stock markets Oil prices start the week trading higher on US data Euro in Greek tailspin, US dollar firms & oil prices holding out Oil prices trading near $85, global stock markets higher Crude oil prices hit 2010 trading high on falling US dollar Oil prices trading up 3 percent on a falling US dollar Crude oil prices gain as traders eye global stock markets Oil prices trading steady, eyes on US dollar index Light oil prices end the week well above $80 trading range Brent oil price heads towards $71, European markets flat WTI oil price moves lower, awaits Tuesday’s US market open

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WTI oil trading over $73 as stock markets lift oil prices