WTI oil price trading over $80 as US markets move higher
BonTradeWTI oil prices are trading over the $80 for the first time since the end of April 2010 as US stock markets look to open higher this morning in New York.
US Light crude oil futures for September 2010 delivery were trading at $80.36, 13.45 GMT on the NYMEX after breaking the $80 mark around 13.00 GMT.
Before Wall Street’s opening bell, futures on the Dow Jones Industrial Average jumped 111 points to 10528 and S&P 500 futures rose 13.40 points, or 1.2%, to 1111.70.
Meanwhile, Asian stock markets ended higher, as strong earnings outweighed disappointing data from China which also boosted oil prices.
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- WTI oil prices firm at $76 as US dollar slides lower
- Brent oil prices trading near $75, Euro markets turn lower
- WTI oil prices see saw as mixed US data spooks the market
- WTI oil price heading towards $74, US data a concern
- WTI oil price ends week over $76, tracks stock markets
- WTI oil price trading near $73, time to get long on oil?
- Brent oil trading under $75 as Europe markets head lower
- Crude oil prices fall heavily, following stock markets lower
- Brent oil prices trading near $80 as stock markets jump
- Oil prices trading higher helped by Asian stock markets
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WTI oil price trading over $80 as US markets move higher
