WTI oil futures under $89 ahead of weekly EIA oil data
BonTradeWTI oil prices have dipped below $89 in the last 24 hours as a stronger US dollar and profit taking from traders bite, today’s focus includes the latest crude oil data out of the US from the EIA.
Latest WTI Oil Price
US Light crude oil futures for February 2011 delivery was trading at $88.67 a barrel, 09.30 GMT this morning on the NYMEX.
Oil Traders Taking Profits, Await EIA Data
The oil futures market dipped as traders avoided moving large positions before the release of US oil inventory data due at 15.30 GMT today from the US EIA (Energy Information Administration).
“Given the huge drop last night, and the fact that other major commodities like gold are also falling, crude oil prices are more likely to test $89 again than to rally toward $90.” said Newedge Japan trader Rikio Ishikura.
- WTI oil firm at $92, investors bet prices will trade higher
- WTI oil trading firm over $91 amid higher US oil data
- WTI oil price at 2 year high near $88 on demand, US data
- WTI oil price trading back near $77 on US supply jump
- WTI oil price firm at $90 on weaker US oil inventories
- WTI oil futures trading over $89, prices remain bullish
- WTI oil trading at $82 on mixed US oil supply data, dollar
- WTI oil price down two percent at $80 on US jobs data
- WTI oil trading near $76 as US stock market opens lower
- WTI oil price heading towards $74, US data a concern
- WTI oil trading over $73 as stock markets lift oil prices
- Oil prices start the week trading higher on US data
- Brent oil trading steady at $95 amid firm US dollar
- WTI oil price trading near $91 on weaker US dollar
- WTI oil trading firm over $88 on huge US oil supply fall
- Crude oil prices hit 2 year highs, traders eyeing $100 oil
- WTI oil ends week trading over $89 on higher demand
- WTI oil trading over $85, world crude oil supply in focus
- WTI oil futures end under $82, a bullish end to 2010?
- WTI oil trading near $84 on latest US oil supply figures
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WTI oil futures under $89 ahead of weekly EIA oil data
