Brent oil price firm at $77 as Asian markets move higher
BonTradeBrent oil prices are trading up early on Monday, firm around $77 a barrel as Asian stock markets get a boost from Friday’s market rally in the US and Europe and move higher.
In London, Brent crude oil futures for October 2010 delivery was trading at $76.65 a barrel, 07.45 GMT on the ICE Futures Exchange, while stock markets in Japan, Australia and China see positive territory.
But the optimism in markets could be short lived if new economic indicators show a slowdown in the US becoming entrenched, with indicators this week including data on US services, manufacturing and employment.
Brent Futures and The ICE Dollar Index
Meanwhile, the US dollar is slightly weaker on the currency markets, adding a little extra strength to oil prices. The ICE Dollar Index, which tracks the dollar against a trade weighted basket of currencies, was down 0.06% at 82.87.
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- Brent oil trading at $75 mark, takes lead from US economy
- Brent oil ends week trading near $77 on higher markets
- Brent oil price hangs at $80 as Asian markets slide lower
- Brent oil trading near $82 on US data, stock markets
- Oil trading at $82, hanging onto gains amid mixed markets
- Brent oil trading over $80, European markets help lift prices
- Oil prices face uncertain trading week, eyes on US, Europe
- Brent oil trading back near $75 on US Bernanke comments
- Brent oil trading up 3 percent near $77, markets see boost
- Brent oil price trading near $74 on optimistic US data
- Brent oil price sinks under $72 as the Euro looses ground
- Brent oil trading at $71 as commodities & markets wacked
- Brent oil trading higher, nearer $76 on a stronger Euro
- Brent oil trading near $76 after dropping seven percent
- WTI oil price trades down to $78 as US dollar makes gains
- Crude oil prices hammered lower as stock markets tumble
- Brent oil price near $82 as European markets rebound
- Brent oil trading over $81 and prices could go higher
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Brent oil price firm at $77 as Asian markets move higher
