ICE Brent oil price trading higher after hitting $75 mark
BonTradeBrent oil prices continue a slow ascent higher on Thursday afternoon after hitting the $75 mark earlier, while European stock markets advanced.
In London, Brent crude oil futures for August 2010 delivery was at $74.40 a barrel at 17.30 GMT on the ICE Futures Exchange after opening this morning’s session at $74.10.
Meanwhile, stock markets were given a boost today after the IMF said the world economy was recovering faster than expected, but is warning the debt crisis in Europe could undermine growth.
The IMF stated that European governments struggling with massive national debt could create financial instability by applying austerity measures too fast.
This week is turning out to be a difficult one to call for oil prices as mixed reports and data from Europe and the US are having a rollercoaster effect on commodities and stock markets alike.
- Brent oil prices trading over $73 as global markets gain
- Brent oil price dips under $77 as Europe spooks markets
- Brent oil price trading back over $78 on higher markets
- Brent oil price heads towards $71, European markets flat
- Brent oil trading under $75 as Europe markets head lower
- Brent oil price back at $75, Euro debt spooks the market
- Brent oil price dips to $78, finding $80 mark a struggle
- Brent oil prices trading near $80 as stock markets jump
- Brent oil price trading at $71 amid European debt issues
- Brent oil trading at $71 as commodities & markets wacked
- Brent oil price trading at $74 as new Euro concerns hit
- Brent oil price at $82 level as Europe problems hit markets
- Brent oil price closes the week trading at 18 month high
- Brent oil price trading at 2010 highs on contract expiry
- Brent oil price surges in record trading, next stop $90?
- Brent oil price rebounds, trading back over $80 mark
- Brent oil price trading lower, has support around $80 mark
- Brent oil price trading above $80 on weaker US dollar
- Brent oil price trading under $76 on Greece Worries
- Brent oil price trading lower, eyes on CFTC contract limitations
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ICE Brent oil price trading higher after hitting $75 mark
