WTI oil trading near $82 as investors look to commodities

WTI oil prices open the week trading firm near $82 a barrel as investors look to commodities including gold and oil futures as the US dollar continues to loose value.

US Light crude oil futures for November 2010 delivery was trading at $81.57, 07.45 GMT on the NYMEX this morning.

Investors are also betting on tighter market conditions in the shorter term, reflecting greater interest for commodities.

Money managers raised net long crude oil positions to more than 107,000 on the NYMEX in the week through to 28th September from less than 97,000 a week earlier, the US Commodity Futures Trading Commission said on Friday.

And open interest on call options to buy US WTI crude for November 2010 at $85 a barrel jumped to almost 12,500 lots from less than 7,200.

• WTI oil price ends week near $82 on weak Dollar Index
• WTI oil trading at $73, splits from tracking stock markets
• WTI oil prices trading firmer on a weakening US dollar
• WTI oil price trading near $78 on lower US oil supplies
• WTI oil price trading at $75 mark on lower stock markets
• WTI oil price trading over $75 on weaker US dollar
• WTI oil price opens higher near $74, maybe oversold
• WTI oil price under $74 posting a 4 day loosing streak
• WTI oil price trading near $76 as Brent gap widens
• WTI oil trading near $74, investors eye US oil stocks
• Stock markets rally, WTI oil futures trade at $74 mark
• WTI oil trading flat at $75, US Dollar Index awaits direction
• WTI oil price trading around $82 on weaker US dollar
• Brent oil flying higher, hits $83 in early trading Friday
• WTI oil trading over $80 as investors turn bullish on oil
• WTI oil trading higher on surprise US inventory drop
• WTI oil price back under $76 on falling stock markets
• WTI oil futures trading up on higher markets in Asia
• WTI oil price back under $75 as US supplies grow
• WTI oil trading over $76 as stock markets move higher

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WTI oil trading near $82 as investors look to commodities