WTI oil price trading near $76, awaits US company’s data

WTI oil prices open the week’s trading session near the $76 mark as investors look to this week’s US company earnings reports for clues about the strength of the US economy. US Light crdue oil prices for August 2010 delivery was at $76.16 a barrel 07.00 GMT on the NYMEX. WTi oil prices rose last week as investor fears eased that the US economy will slip back into recession later in 2010, following global stock markets higher. Traders will be eyeing second quarter corporate earnings season, beginning this week with reports from Alcoa Intel, Google, JPMorgan and the Bank of America. Oil investors often look to equities as a barometer of overall investor sentiment, and all major Asian stock markets rose Monday after the Dow Jones industrial average jumped 5.3 percent last week. WTI oil price up over $73 as the US dollar looses out WTI oil price ends week over $76, tracks stock markets WTI oil price near $75 on Dow Jones, US oil supply drop WTI oil price heads back under $72 on latest US data WTI oil trading over $73 as stock markets lift oil prices WTI oil price moves lower, awaits Tuesday’s US market open WTI oil price trading near $73, time to get long on oil? WTI oil price drops to $72 mark on US jobs data, markets WTI oil trading down 3 percent, near $73 on grim US data WTI oil price back at $75, stock markets trading lower WTI oil price lower, Hurricane Alex to miss Gulf oil platforms WTI oil price ends week trading near $79, two month high WTI oil price trading higher as Gulf cyclone Alex heads in WTI oil price dips as US jobs data shows increase WTI oil price trading higher on US dollar & supply data WTI oil price rebounds near $75 on weaker US dollar WTI oil price at $72, US oil production in 2011 to drop Brent oil price trading above $72, looks to US crude data WTI oil price trading higher, over $73 on US supplies data WTI oil price trading down 3 percent on firm US dollar Index

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WTI oil price trading near $76, awaits US company’s data