{"id":10570,"date":"2010-04-12T08:41:20","date_gmt":"2010-04-12T06:41:20","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/10570\/light-oil-price-trading-near-85-china-oil-import-data-jumps\/"},"modified":"2010-04-12T08:41:20","modified_gmt":"2010-04-12T06:41:20","slug":"light-oil-price-trading-near-85-china-oil-import-data-jumps","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/10570\/light-oil-price-trading-near-85-china-oil-import-data-jumps\/","title":{"rendered":"Light oil price trading near $85, China oil import data jumps"},"content":{"rendered":"

US Light oil price starts the week trading higher near the $85 a barrel mark, helped by a falling US dollar and bullish data that showed China crude oil imports jumping to their second highest monthly level on record. US Light crude oil futures are currently trading at $85.22 a barrel, many analysts expect oil prices to hold or gain later this week. “The weaker US dollar and positive Chinese trade data are the two main supporting factors,” said David Moore, an analyst at the Commonwealth Bank of Australia. Crude oil imports by China jumped 13.8 per cent from the previous month and reached 4.95 million barrels a day, preliminary data released by the General Administration of Customs showed on April 10th 2010. The Chinese March 2010 oil import levels were just a touch below the December 2010 record 20.9 million tonnes. Separately, money managers extended net crude oil long positions on the NYMEX to a record 186,732 in the week to April 6, up from 169,478 in the previous week, the CFTC had said on Friday last week. Looking ahead, oil traders were expected to keep a close eye on the Chinese yuan, US dollar relationship. China has pegged the yuan near 6.83 per dollar since the middle of 2008 to help its exporters weather the global crisis. Light oil price trading below $80 mark on higher US dollar US Light oil price above $82 on weaker dollar, markets Light oil price hovers at $80, uncertain trading week ahead Light oil price trading lower on a stronger US dollar Brent oil price trading above $80 on weaker US dollar Light oil price trading back over $80 on buying activity Light oil price trading back near $80 on weaker US dollar US Light oil price trading lower on US jobs, dollar Light oil price trading back over $80, eyes on US dollar Brent oil price trading near $80 mark on weaker dollar Light oil price back under $78 in early trading Light oil price trades up four percent, now in $77 range US Light oil price trading steady after 5 percent drop US Light oil price bounces back, trading near $75 Light oil price trading up near $78, eyes on Dollar Index Oil prices start week trading around $85 on weak US dollar Oil prices trading firm on US data, homing in on $90 barrel Light oil price trading up as US dollar takes a knock Crude oil prices hit 2010 trading high on falling US dollar Brent oil price trading over $81 mark, holiday week bounce <\/p>\n

The rest is here:\u00a0
\nLight oil price trading near $85, China oil import data jumps<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

US Light oil price starts the week trading higher near the $85 a barrel mark, helped by a falling US dollar and bullish data that showed China crude oil imports jumping to their second highest monthly level on record. US Light crude oil futures are currently trading at $85.22 a barrel, many analysts expect oil prices to hold or gain later this week. “The weaker US dollar and positive Chinese trade data are the two main supporting factors,” said David Moore, an analyst at the Commonwealth Bank of Australia. Crude oil imports by China jumped 13.8 per cent from the previous month and reached 4.95 million barrels a day, preliminary data released by the General Administration of Customs showed on April 10th 2010. The Chinese March 2010 oil import levels were just a touch below the December 2010 record 20.9 million tonnes. Separately, money managers extended net crude oil long positions on the NYMEX to a record 186,732 in the week to April 6, up from 169,478 in the previous week, the CFTC had said on Friday last week. Looking ahead, oil traders were expected to keep a close eye on the Chinese yuan, US dollar relationship. China has pegged the yuan near 6.83 per dollar since the middle of 2008 to help its exporters weather the global crisis. Light oil price trading below $80 mark on higher US dollar US Light oil price above $82 on weaker dollar, markets Light oil price hovers at $80, uncertain trading week ahead Light oil price trading lower on a stronger US dollar Brent oil price trading above $80 on weaker US dollar Light oil price trading back over $80 on buying activity Light oil price trading back near $80 on weaker US dollar US Light oil price trading lower on US jobs, dollar Light oil price trading back over $80, eyes on US dollar Brent oil price trading near $80 mark on weaker dollar Light oil price back under $78 in early trading Light oil price trades up four percent, now in $77 range US Light oil price trading steady after 5 percent drop US Light oil price bounces back, trading near $75 Light oil price trading up near $78, eyes on Dollar Index Oil prices start week trading around $85 on weak US dollar Oil prices trading firm on US data, homing in on $90 barrel Light oil price trading up as US dollar takes a knock Crude oil prices hit 2010 trading high on falling US dollar Brent oil price trading over $81 mark, holiday week bounce <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10570","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/10570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=10570"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/10570\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=10570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=10570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=10570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}