Crude oil prices gain as traders eye global stock markets

Crude oil prices are higher in trading on Tuesday as investors look to global stock markets and crude oil inventory data later this week for a cue to future prices. Oil traders often look to stock markets as a measure of overall investor sentiment. US Light crude oil futures for May delivery was at $81.50 a barrel midday Singapore time in electronic trading on the NYMEX, while in London, Brent crude oil futures was at $80.46 on the ICE Futures Exchange. “A sustained oil price correction will be extremely difficult with the stock market posting new highs,” Ritterbusch and Associates said in a report. “We look for crude futures to generally hang out within the $80 to $82 zone.” “Looking beyond the day by day fluctuations, oil prices remain well supported close to the top of their recent trading range,” said Barclays Capital analysts in a report. Oil prices trading negative on profit taking, stock markets Oil prices trading down two percent on stronger US dollar Oil prices above $82 as traders look to US supplies, OPEC Crude oil prices trading lower on stronger US dollar Light oil prices end the week well above $80 trading range Oil prices trading near 2010 highs on latest US jobs data Oil prices trading steady around $80, stronger US dollar Oil prices trading steady, awaits US crude inventory data Brent oil price trading back over $78 on higher markets The Weekly Oil Futures Wrap at Live Oil Prices Oil prices trading down two percent on stronger US dollar Oil prices & commodities trading higher, US dollar slides Light oil futures back over $81, OPEC says oil price stable Daily crude oil trading report from ODL Markets Oil prices trading steady, eyes on US dollar index Daily crude oil trading report from ODL Markets Oil prices trading near 2010 highs as OPEC holds output Daily crude oil trading report from ODL Markets Daily crude oil trading report from ODL Markets Crude oil prices trading under $81 eyes on Fed, US dollar

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Crude oil prices gain as traders eye global stock markets